For the second time in one week, Colorado has welcomed a new tech unicorn to its ranks.
Matillion, a cloud data integration platform, announced $150 million in Series E funding, led by growth equity firm General Atlantic, with participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners and Lightspeed Venture Partners.
This funding marks Matillion’s second triple-digit raise of 2021, bringing its total amount raised to $310 million at a valuation of $1.5 billion and vaulting it to unicorn status.
“Enterprises need to effectively close information gaps by rapidly transforming operational data into analytics-ready datasets that fuel business intelligence, AI, and ML [artificial intelligence and machine learning] innovation,” said CEO Matthew Scullion in a statement. “With Matillion, large organizations are empowered with a data operating system that is purpose-built for the enterprise, enabling a broad spectrum of data users — from data scientists and engineers to marketers and business analysts — to make data useful.”
Matillion partners with hundreds of companies to provide its cloud data integration products, including Western Union, FOX, Sony, Slack, National Grid and more.
“We believe that Matillion’s low-code ETL [extract, transform and load] platform simplifies the process of constructing data pipelines and preparing data for analysis, enabling citizen data scientists and data engineers alike to play a valuable role in extracting data-based insights," said Chris Caulkin, managing director and head of technology for Europe, the Middle East and Africa at General Atlantic, in a statement.
The company currently has 350 total employees, and expects to have over 400 by the end of 2021, Chief Marketing Officer Dru Jacobs told Denver Business Journal. In Denver, Matillion has 55 employees and is growing rapidly, with 118 total employees throughout the U.S.
"We will continue to hire top talent in the U.S. and the U.K., across all departments," Jacobs wrote in an email. "We plan to significantly expand our go-to market functions with new hires in Denver, and across the U.S. remotely for the rest of 2021 and into 2022."
This news comes after Matillion announced $100 million in Series D funding in February. Matillion is dual-headquartered in Denver and Manchester in the United Kingdom, with additional offices in New York and Seattle.
“We chose Denver because of the great supply of talent, because we really liked the place and the people. We felt the values and culture fit between the community of Denver and what we were all about,” Scullion told Denver Business Journal in June 2019.
This round comes at a time of significant growth for Matillion and enables the company to further build out its solution, Jacobs said.
"With this latest round of Series E funding, Matillion will fuel innovation and deliver greater value to our customers by enhancing our ability to transform raw data into the refined, analytics-ready data required to support business intelligence, visualization, artificial intelligence and machine learning," he wrote. "Perfecting and continuing to grow these capabilities will help Matillion meet exploding demand for cloud data integration for global enterprise organizations."
This announcement comes just two days after Louisville, Colorado-based JumpCloud raised a $159 million Series F round that valued it at $2.56 billion. Much like Matillion, that round was also JumpCloud’s second triple-digit raise of this year.
