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Altrincham tech firm raises $20 million from Silicon Valley investors

An Altrincham-based tech company has raised $20 million from two leading Silicon Valley investors.

An Altrincham-based tech company has raised $20 million from two leading Silicon Valley investors.

Matillion was founded by former Altrincham Grammar pupil Matthew Scullion and now employs over 50 people at its Station House HQ.

Its cloud data integration tools are used by more than 250 customers across 30 countries, including the likes of GE, Siemens, Citrix and Accenture, as well as data-centric companies like Vistaprint, DocuSign and Upside Travel.

In the last 12 months, Matillion has seen annual recurring revenue growth of over 260%.

The funding – most of which has come from Sapphire Ventures and Scale Venture Partners – will be used to expand the company’s sales, marketing, partnerships and R&D to meet increasing demand.

Matthew Scullion, founder of Matillion

Andreas Weiskam, managing director of Sapphire Ventures, and Andy Vitus, partner at Scale Ventures Partners, will join Matillion’s board.

Scullion, who founded the company with Ed Thompson and Peter McCord in 2011, said: “This round of funding is an exciting opportunity for us to work with the fantastic teams at Sapphire Ventures and Scale Ventures Partners to meet the needs of our customers and partners as well as further accelerate the pace of innovation going into our products.”

Sapphire Ventures’ Weiskam added: “Matillion offers a truly differentiated product in a fast-emerging new category. Cloud-based data integration is being adopted by SMBs and large enterprises alike, constituting a large market.

“Matillion is well positioned to grasp this opportunity with a unique product set that is easy to adopt and has an intuitive UI and attractive usage-based pricing model. We are excited to work with Matthew and the Matillion team, to help them take the next steps in hiring, scaling and growing their US presence.”