(Reuters) – Matillion, a startup company that helps companies sort and clear data before sending it to the cloud data center for analysis, said Tuesday it had raised $ 100 million in the his latest funding round but refused to share the company’s valuation.
The venture capital firm Lightspeed Venture Partners, an early investor in the Snapchat.com messaging app, was the leading investor in the funding round, according to Lightspeed and Matillion.
Matillion CEO Matthew Scullion told Reuters that the company’s platform is made for people who do not have coding skills to be able to pull together and organize different data sources, reducing the hassle. the time it takes to prepare the data for analysis.
There is a shortage of coders at a time when industry is rapidly shifting to a digital and cloud model creating the need for more codless technology, and venture capital funds are increasingly pouring money into the standards. that start.
Reporting by Jane Lanhee Lee in Oakland, California; Edited by Ana Nicolaci da Costa