UPDATED 07:00 EDT / MARCH 22 2018

CLOUD

Cloud data integration software maker Matillion raises $20M

Matillion Ltd. today said it has raised $20 million in new funding to expand the reach of its cloud data integration software.

Founded in 2011 and based in Manchester in the U.K., Matillion offers so-called extract/transform/load or ETL services for cloud data warehouses Amazon Redshift, Snowflake Computing Inc. and Google BigQuery. ETL refers to the three steps used to prepare and blend data from multiple sources so it can be analyzed for business use.

“Cloud-based data warehouses, like Amazon Redshift, Snowflake and BigQuery, are changing the game in data analytics, reducing cost, time-to-value and increasing the power available to businesses to load, transform and analyze their data,” Matillion Chief Executive Officer Matthew Scullion said in a statement.

Matillion said it’s booking annual recurring revenue of growth over 260 percent, though it didn’t provide specific revenue figures. More than 250 customers across 30 countries are now using Marillion’s tools including General Electric Co., Siemens AG, Citrix Systems Inc., Accenture PLC, Vistaprint, Zapier Inc., DocuSign Inc. and Upside Travel Co. LLC.

The Series B round led by Sapphire Ventures and included Scale Venture Partners and YFM Equity Partners. With the new round, Matillion has raised $26 million to date.

The company said it would use the new funding to expand sales, marketing, partnerships and research and development to accelerate development of the product line. As part of the deal, both Andreas Weiskam, managing director of Sapphire Ventures, and Andy Vitus, a partner at Scale Ventures Partners, will join Matillion’s board.

Image: Matillion

Since you’re here …

… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.

If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.