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Matillion Announces Strategic Investment From Citi Ventures

Jun 07, 2022•about 3 years ago
Manchester

Description

Matillion, the leading enterprise cloud data integration platform, today announced that Citi Ventures has made a strategic investment in the company, contributing to its recent valuation of $1.5B. As organizations across sectors struggle to manage cloud data, Matillion plays a critical role in the modern enterprise data stack, integrating data from customer platforms and cloud infrastructures to automate and orchestrate data management and analytics, empowering businesses to accelerate decision-making.

Company Information

Company

Matillion

Location

Manchester, New Hampshire, United States

About

The company currently has “hundreds” of large enterprise customers, including Hundreds of large enterprises including Western Union, FOX, Sony, Slack, National Grid, Peet’s Coffee and Cisco for projects ranging from business intelligence and visualization through to artificial intelligence and machine learning applications. ”This is important because, as big data analytics and the tools to build these processes become more mainstream and themselves take on low-code interfaces, Matillion is providing a way for those less technical users to source and use their data, too. The startup was founded in Manchester (it now also has a base in Denver), and this makes it one of a handful of tech startups out of the city — others we’ve recently covered include The Hut Group, Peak AI and Fractory — now hitting the big leagues and helping to put it on the innovation map as an urban center to watch.

FundzWatch™ Score

80
Medium Activity

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