General Atlantic leads USD 150m Matillion round at USD 1.5bn valuation

The round, which also included Battery Ventures, Sapphire Ventures, Scale Venture Partners and Lightspeed Venture Partners, allowed Matillion to reach unicorn status, valuing the business at USD 1.5bn.

This is Matillion's second triple-digit round of 2021, following a USD 100m Series D in February. That round was led by Lightspeed Venture Partners with participation from Battery Ventures, Sapphire Ventures and Scale Venture Partners, according to Unquote Data.

The Series E brings the total amount raised by the business to USD 310m.

Company
Matillion is a cloud data integration platform aiming to help businesses integrate and manage data at scale. Specifically, it claims its software allows users to turn operational data into analytics-ready datasets in order to augment business intelligence, AI and machine-learning innovation.

The company's products are built on native integrations to cloud data platforms including Snowflake, Delta Lake on Databricks, Amazon Redshift, Google BigQuery and Microsoft Azure Synapse. Clients include Western Union, Fox, Sony, Slack, National Grid, Peet's Coffee and Cisco.

People
General Atlantic – Chris Caulkin (managing director and head of technology).

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• Topics
• Expansion
• Technology
• UK / Ireland
• General Atlantic
• Venture
• Battery Ventures