Tech unicorn Matillion secures investment from California venture capital firm

Tech unicorn Matillion has secured investment from the venture capital arm of a California-based cloud computing firm.

The Altrincham-based company has been backed by Snowflake Ventures, but the value of the deal has not been disclosed.

Matillion was valued at $1.5 billion in September 2021 after raising $150 million in a funding round led by a US investment giant with stakes in Gymshark, BuzzFeed and Squarespace.

READ MORE: Matillion confirms investment from major backer that helped it become a tech unicorn

Matillion Chief Executive Officer, Matthew Scullion, said, “As enterprises are under pressure to get their data to work as quickly as possible, the combination of Snowflake and Matillion empowers data teams and data users in every part of the business to get information faster so they can make that data useful across the organization.

“We are proud to have the additional support of Snowflake Ventures and look forward to deepening our close partnership and continuing to serve our mutual customers.”

Christian Kleinerman, Senior Vice President of Products at Snowflake, added, “The partnership between Snowflake and Matillion reinvents what’s possible with data, helping joint customers streamline and accelerate data integration while maintaining industry standards. security and governance.

“This investment expands our partnership and continues our commitment to cloud data innovations, propelling the modern enterprise data stack to businesses around the world.”

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