American investment for Manchester tech unicorn
Matillion has announced further investment from North America, with Snowflake Ventures.
The deal with the venture capital arm of data cloud company, Snowflake, comes just days after Manchester-based Matillion secured strategic investment from Citi Ventures.
Today’s move is to “fuel growth” of its cloud-native data integration platform.
“As enterprises face pressure to put their data to work as rapidly as possible, the combination of Snowflake and Matillion enables both data teams and data users in every part of the business with faster time to insights so they can make that data useful across the organisation,” said Matthew Scullion, CEO, Matillion.
“We’re proud to have the added support of Snowflake Ventures, and look forward to deepening our close partnership and continuing to serve our joint customers.”
While the financial details of the deal haven’t been released, Matillion stated that it was “purpose-built” for Snowflake, to leverage the “full power of Snowflake’s compute engine for in-database processing.”
“Snowflake and Matillion’s partnership is reimagining what’s possible with data, helping joint customers streamline and accelerate data integration while maintaining security and governance standards,” added Christian Kleinerman, SVP of Product at Snowflake.
“This investment expands our partnership and continues our commitment to cloud data innovations, propelling the modern enterprise data stack to businesses around the world.”
Since the introduction of Matillion ETL for Snowflake, the 2 companies have collaborated to support companies including Novartis, Slack, Cisco and Western Union.