5 Companies That Came To Win This Week crn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crn.com Daily Mail and Mail on Sunday newspapers.
Big Data Software Developer Matillion Raises $100M In Series D Round
The supplier of cloud-native data transformation, integration and replication tools will use the additional funding to accelerate the company’s growth. By Rick Whiting February 16, 2021, 12:59 PM EST
Data integration and transformation software developer Matillion has raised $100 million in a Series D round of funding, the company said Tuesday.
The funding round was led by Lightspeed Venture Partners with participation from Battery Ventures, Sapphire Ventures and Scale Venture Partners, along with financing from Silicon Valley Bank U.K. Branch.
Matillion is one of a new generation of data ETL (extract, transform and load) software used to prepared and move data from operational systems to cloud-based platforms, such as Snowflake, Databricks, Amazon Redshift, Azure Synapse and Google Big Query, for business analytics, data visualization, machine learning and other tasks.