Matia, a Miami-based data operations platform, announced Tuesday that it has raised $10.5 million in seed funding to help enterprises better manage their increasingly complex data operations. The funding round was led by Leaders Fund and Secret Chord Ventures, with participation from Cerca Partners and Caffeinated Capital.
The company, founded in 2023 by brothers Benjamin and Geva Segal, is launching out of stealth mode with a platform that combines data ingestion, reverse ETL, observability, and cataloging capabilities into a unified solution. The launch comes at a time when organizations are struggling with fragmented data management tools, according to research cited by the company.
A survey from Enterprise Strategy Group found that nearly half of organizations use 26 or more vendors to execute their data operations strategy, highlighting the challenge Matia aims to address. This fragmentation has become particularly acute as artificial intelligence adoption accelerates across industries.
"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," Benjamin Segal, CEO and co-founder of Matia, told the company in a statement. He explained that after scaling a data team and consulting industry leaders, they identified several gaps in existing data stack solutions.
The brothers' previous experiences informed the platform's development. Benjamin Segal served as chief of staff and head of data at Pangaea, a consumer goods company with over $100 million in revenue, while Geva Segal worked as a cybersecurity engineering leader at global media company Synamedia.
Early adopters of the platform include data and AI teams at Ramp, Honeybook, and Obligo. Ryan Delgado, director of engineering at Ramp, reported significant improvements after implementing Matia's solution. "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%," Delgado said in the announcement.
"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," said Gideon Hayden, co-founder and 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."
The company plans to use the funding to expand its engineering and product teams, enhance platform capabilities, and support go-to-market initiatives.
