The breakthrough moment came at Series E. In September of this year, data transformation company Matillion secured $150 million in new investment, a deal that pushed the company’s valuation up to $1.5 billion. As such it became the latest British company to attain unicorn status.
But does that actually matter? You could argue that the $1bn valuation threshold is nothing more than an arbitrary number. A good company is a good company, regardless of whether it is valued at 900,000,000 million or upwards of $1bn. There is no special magic in a single figure.
But that argument would probably be churlish. Over the past few years, the growing
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