Matia, a unified data operations platform bringing ingestion, reverse ETL, observability, and catalog capabilities into one platform, emerged from stealth with $10.5 million in funding, led by Leaders Fund & Secret Chord Ventures. This funding round also includes participation from Cerca Partners & Caffeinated Capital.
Launched last year, Matia aims to redefine how businesses interact with data. With the rapid growth of AI, companies face significant challenges in moving, managing and utilizing their data assets effectively. They 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 utilize it while detecting abnormalities and increasing reliability.
Matia was co-founded by brothers Benjamin Segal and Geva Segal, who 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.
The $10.5 million in seed funding will 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 percent.”
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
