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Matillion raises $100 million to help enterprises accelerate cloud data integration

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As enterprises build their modern data stack, preparing the data to be used has become an increasingly resource-intensive problem. To move faster, these companies are searching for solutions that help them integrate data into their workflows more quickly. Riding that wave, Matillion today announced that it has raised $100 million as it races to keep up with the demand for better cloud integration options.

Lightspeed Venture Partners led the latest round, which included investment from Battery Ventures, Sapphire Ventures, Scale Venture Partners, and Silicon Valley Bank Capital.

While the market for cloud data integration has become competitive, Matillion believes it has an advantage because its solution was built for the cloud-native era from the