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October 30, 2024


MATIA RAISES $10.5M AND LAUNCHES PLATFORM TO UNIFY DATA OPERATIONS

MIAMI, Oct. 30, 2024 — Matia, a unified data operations platform bringing
ingestion, reverse ETL, observability and catalog capabilities into one
platform, 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.

Founded in 2023, Matia is on a mission to redefine how businesses interact with
data. According to a survey from Enterprise Strategy Group, nearly half 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 leveraging 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 is 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 $100M+ revenue CPG company, and
Geva as a cybersecurity engineering leader at Synamedia, a global media company.

“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,” said Benjamin Segal, CEO and Co-founder of Matia.
“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.”

Early customers include the data and AI teams at Ramp, Honeybook, and Obligo.

“Matia has been huge for us,” said Ryan Delgado, Director of Engineering at
Ramp. “ 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.”

The $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.

“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,” said Gideon Hayden, Co-Founder & Managing
Partner at Leaders Fund. “We see Matia as not only an essential part of every
team’s tech stack, but a category defining product.”

Visit matia.io/blog/seed-funding to learn more and get a platform preview.

About Matia

Matia is a data operations platform that streamlines data management through
unified ingestion, reverse ETL, observability, and catalog. Designed for
seamless collaboration, Matia empowers organizations and the data teams that
power them faster, smarter decisions with less tool bloat. Matia is backed by
leading investors at Leaders Fund, Secret Chord Ventures, Cerca Partners and
Caffeinated Capital and used by the data teams at Ramp, Honeybook, and Obligo.
Learn more at matia.io.

--------------------------------------------------------------------------------

Source: Matia

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