Matia, a unified data operations platform bringing ingestion, reverse ETL, observability, and catalog capabilities into one platform, announced it is emerging from stealth with $10.5 million funding led by Leaders Fund & Secret Chord Ventures. The round also includes participation from Cerca Partners & Caffeinated Capital.
Launched last year, Matia aims to redefine how businesses interact with data. According to a survey from Enterprise Strategy Group, nearly half of their respondents reported using 26 or more vendors to execute a DataOps strategy. With the exponential growth of AI, companies face significant challenges in moving, managing, and utilizing their data assets effectively and are challenged to do so with too many vendors and silos in their data stack.
Matia’s platform provides an integrated solution that unifies the data lifecycle, from ingestion to activation to cataloging the data, so users can leverage it while detecting abnormalities and increasing reliability.
Matia was co-founded by brothers Benjamin Segal and Geva Segal, who both felt the pain of working with dispersed and unreliable data in previous roles: Benjamin as chief of staff and head of data at Pangaea, a $100+ million revenue CPG company, and Geva as a cybersecurity engineering leader at Synamedia, a global media company. The company’s early customers include the data and AI teams at Ramp, Honeybook, and Obligo.
This $10.5 million in seed funding will be used to expand Matia’s engineering and product teams, enhance platform capabilities, and support go-to-market strategies.
KEY QUOTES:
“Our goal with Matia is not only to eliminate the friction that organizations encounter when dealing with disparate data tools, but to create a more powerful data operations experience. Having scaled a data team before and after talking to many leaders in the industry, we noticed a number of gaps in the data stack – so we decided to build it ourselves. The feedback we’ve gotten from customers so far has confirmed we made the right choice.”
-Benjamin Segal, CEO and Co-founder of Matia
“Matia has been huge for us. We’ve seen significant improvements in reliability, fault tolerance, and product velocity compared to the alternative and reduced our sync time by more than 80%.”
-Ryan Delgado, Director of Engineering at Ramp
“We heard from data leaders that they are tired of having to deal with so many vendors to build their data stack. They want a reliable, all-in-one platform to manage their data operations. We’ve evaluated a number of players in the space, and Matia was the clear winner. We see Matia as not only an essential part of every team’s tech stack, but a category defining product.”
-Gideon Hayden, Co-Founder & Managing Partner at Leaders Fund
