![]() It does this through "low-code" tools, which are designed to make it easier to create those workflows for less-technical employees. It also looks to help them transform that data into something more useful for analysts and tools like Looker as well as ship cleaned data back to tools like Salesforce. Matillion provides companies with a suite of tools enabling them to move data from a diverse set of applications, such as Salesforce, into a single home like Snowflake, BigQuery, or Databricks. Unlike typical venture rounds, strategic investments tend to hinge on building a deeper working relationship with the investing company. The investment in Matillion is a strategic one coming out of Databricks Ventures. Matillion competes with Fivetran, and sources say it has recurring revenue in the tens of millions.Īnother unicorn startup is joining the small club of companies backed by both Snowflake and Databricks, the big-data rivals that are racing to own companies' entire workflows around analyzing their data.ĭatabricks on Tuesday said it'd invest in the cloud-data company Matillion at a $1.5 billion valuation as part of an extension of the firm's most recent funding round, though Databricks didn't disclose the amount it's investing.It's one of a few coinvestments with a rival, Snowflake, as the two race to own the data experience.Databricks said it's making a strategic investment in the $1.5 billion data startup Matillion.
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