Technology unicorn Matillion has secured investment from the venture capital arm of a data cloud company headquartered in California.
The Altrincham-headquartered business has been backed by Snowflake Ventures but the value of the deal has not been disclosed.
Matillion was valued a $1.5bn in September 2021 after raising $150m in a funding round led by a US investment giant with stakes in the likes of Gymshark, BuzzFeed and Squarespace.
READ MORE: Matillion confirms investment from major backer which helped it become a tech unicorn
Matillion chief executive Matthew Scullion said: "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 organization.
"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."
Christian Kleinerman, SVP of product at Snowflake, added: "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.
"This investment expands our partnership and continues our commitment to cloud data innovations, propelling the modern enterprise data stack to businesses around the world."
