Big Data Software Developer Matillion Raises $35M In Funding, Plans Accelerated Development

Matillion, a fast-growing developer of data transformation software for cloud data warehouses, has raised $35 million in a Series C round of venture financing. Matillion is one of a new generation of data ETL (extract, transform and load) software tools used to pull data from on-premise and cloud systems, such as ERP and CRM applications, and move it into cloud data warehouse systems such as Snowflake Computing, Amazon Web Services Redshift and Google Big Query for analytical and machine learning tasks. The company competes with other ETL startups, such as Alooma and Xplenty, and established players such as Informatica and Talend. Attunity, another vendor in this space, was recently acquired by business analytics software developer Qlik. And some of the cloud vendors provide their own ETL products such as AWS Glue. Matillion said that in 2018 it recorded triple-digit growth for the third consecutive year. The company's software is being bought and installed both for new data warehouse projects and for upgrading legacy data warehouse systems, Scullion said. The company has 550 customers, including General Electric and Siemens, in 40 countries and has its U.S. headquarters in Denver with offices in New York and Seattle. Matillion has alliances with AWS, Snowflake and Google and partners with solution providers such as Slalom, systems integrators such as Accenture and Capgemini, consulting service providers like Interworks and MSPs such as SHI.