About GridMatrix
GridMatrix is a Technology company based in San Francisco (United States) founded in 2021. It operates as an AI SaaS enabled platform offering comprehensive traffic monitoring and analytics solution. It operates in the Technology and Transportation, Automotive & Logistics sectors. GridMatrix has raised $6.54 million across 3 funding rounds from investors including 8VC, Cota Capital and Alumni Ventures. GridMatrix offers products and services including GridMatrix Platform. Its focus areas include Consumer, Road Transport Tech, Traffic Management and Traffic Monitoring and Analytics. Its legal entity is GRIDMATRIX INC. Its competitors include Miovision, NoTraffic, Nota, Hayden AI and bitsensing and 5 more; 8 of its 10 listed competitors have raised funding.
Company details
GridMatrix was founded in 2021 in San Francisco, United States. Operations focus on the transportation sector through an AI and SaaS-enabled platform for traffic monitoring and analytics. Video-based solutions are delivered to address traffic congestion and related challenges. Technologies including AI and big data are employed for processing. Services encompass data visualization and real-time analytics to support urban traffic management.
- Headquarters San Francisco, United States
- SectorsTechnologyTransportation, Automotive & Logistics
- Email••••••••
- Website gridmatrix.com
- Social LinkedIn X YouTube
- Legal Name Gridmatrix Inc
- Total Equity Funding$6.54M (USD)
in 3 rounds
- Latest Funding Round$2.99M (USD), Series A
Apr 2024
- Investors8VC
& 3 more
Products & Services of GridMatrix
GridMatrix offers a comprehensive portfolio of products and services, including GridMatrix Platform.
Processes sensor data for real-time traffic and emissions analysis.
Apps and channels of GridMatrix
its YouTube channel GridMatrix has 34 subscribers and 14 videos.
Videos from GridMatrix
The most watched videos on GridMatrix's YouTube channel, GridMatrix (34 subscribers). Click a video to play it here.
More on GridMatrix.
Funding Insights of GridMatrix
GridMatrix has successfully raised a total of $6.54M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.99 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $6.54M
- Total Rounds 3
- Last Round Series A — $2.99M
- First Round $3.5M
(Apr 2022)
- Investors Count 4
All 3 funding rounds of GridMatrix with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | $2.99M | Series A | – | – | – |
| Jun 2022 | $51,108 | Seed | – | – | – |
| Apr 2022 | $3.5M | Seed | – | 8VC, Cota Capital |
4 investors in total: 4 institutional.
Investors in GridMatrix
GridMatrix has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include 8VC, Cota Capital and Alumni Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in technology, life sciences, and related sectors. | – | 8vc.com | - | |
Stage-agnostic venture capital investments are focused on US sectors. | – | cotacapital.com | San Francisco, United States | |
Venture capital investing and portfolio management services for accredited investors. | – | av.vc | - | |
Invests in Yale-affiliated startups providing capital and network support. | 2021 | ystartupindex.com | - |
Investor details for GridMatrix
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of GridMatrix
14 people are tracked at GridMatrix (4 in leadership, 7 in board & advisors, 3 in team).
| Name | Role | Group |
|---|---|---|
Eric Valasek | Chief Technology Officer | Leadership |
Mike Areen | Chief Operating Officer | Leadership |
Nicholas D’Andre | CEO & Co-founder | Leadership |
Elan Silver | Director, Government Affairs | Leadership |
Scott Hazard | Co-Founder & Board Member | Board & advisors |
Amy Ford | Advisor | Board & advisors |
Jonathan Reichental | Advisor | Board & advisors |
Gordon Feller | Advisor | Board & advisors |
Bob Bennett | Advisor | Board & advisors |
John Rossant | Advisor | Board & advisors |
Donald Lee | Advisor | Board & advisors |
Steve Wyckoff | Staff Software Engineer | Team |
Alejandro Medrano | Cloud Engineer | Team |
Faranak R. | Advisor | Team |
Complete people profiles for GridMatrix
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of GridMatrix
3 dated milestones of GridMatrix across 3 years, from founding to its latest funding, stage changes and deals.
- Founded GridMatrix is founded.
- Funding First funding round of $3.5M.
- Funding Latest funding round, Series A, of $3.0M.
Competitors of GridMatrix
GridMatrix has 10 listed competitors in our database, 8 of them funded. They include Miovision, NoTraffic, Nota, Hayden AI and bitsensing, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| miovision.com | 2005 | Kitchener, Canada | $307.32M | 282 | Traffic data collection and management solutions are provided. | |
| notraffic.tech | 2017 | Tel Aviv, Israel | $70.7M | – | AI-enabled automatic traffic management solutions are provided for operators. | |
| nota.ai | 2015 | Seoul, South Korea | $63.12M | – | On-device AI optimization solutions are provided for diverse industries. | |
| hayden.ai | 2019 | Oakland, United States | $178.19M | 82 | Provider of AI-powered mobile perception platform for traffic enforcement | |
| bitsensing.com | 2018 | Seongnam-si, South Korea | $42M | – | Radar solutions are developed for automotive and healthcare sectors. | |
| valerann.com | 2016 | Tel Aviv, Israel | $22M | – | IoT-based sensors for road traffic monitoring and analytics are developed. | |
| iteris.com | 1969 | Santa Ana, United States | – | 450 | AI and cloud-based traffic monitoring solutions are provided. | |
| vivacitylabs.com | 2015 | London, United Kingdom | $18.77M | 77 | AI and sensor-based video analytics for traffic operators are delivered. | |
| vehant.com | 2005 | Noida, India | – | 401 | AI-enabled security and traffic enforcement solutions are provided. | |
| commsignia.com | 2012 | Budapest, Hungary | $27.05M | – | Vehicle-to-vehicle and infrastructure communication systems are supplied. |
Detailed competitors of GridMatrix
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Top companies in Smart Infrastructure & Cities
10 companies that operate in the same segment as GridMatrix (Smart Infrastructure & Cities), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Web3 infrastructure solutions are offered via a blockchain platform. | 2021 | Palo Alto, California, United States | USD 336 M | – | 186 | |
Blockchain-based public network for financial industry is operated. | 2018 | Brooklyn, New York, United States | USD 368 M | – | 480 | |
Facial recognition and AI video analysis solutions are provided. | 2011 | Beijing, Beijing, China | USD 1.98 B | – | 413 | |
Online platform for blockchain and smart contract cybersecurity | 2017 | New York, New York, United States | USD 296.15 M | – | 210 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
Real-time, historical, and predictive traffic data solutions are provided. | 2004 | Kirkland, Washington, United States | USD 143.1 M | – | 126 | |
App-based platform offering electric charge point locater services | 2014 | Bristol, England, United Kingdom | USD 16.42 M | – | – | |
AI-enabled mobility-as-service platform is developed for transit operators. | 2012 | Ness Ziona, Central District, Israel | USD 131.5 M | – | – | |
Provider of integrated security solutions for homes, businesses, and events | 2020 | Bengaluru, Karnataka, India | USD 12.21 M | USD 451.17 K | 149 | |
An app-based platform for electric vehicle shuttle services is operated. | 2011 | New York, New York, United States | USD 29.26 M | – | – |
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Related news about Gridmatrix
Complete news archive for GridMatrix
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Frequently Asked Questions about GridMatrix
GridMatrix was founded in 2021 and raised its 1st funding round 1 year after it was founded.
GridMatrix is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
GridMatrix is a funded company, having raised a total of $6.54M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3.5M, raised on Apr 2022.
GridMatrix was founded in 2021 in San Francisco, United States. Operations focus on the transportation sector through an AI and SaaS-enabled platform for traffic monitoring and analytics. Video-based solutions are delivered to address traffic congestion and related challenges. Technologies including AI and big data are employed for processing. Services encompass data visualization and real-time analytics to support urban traffic management.
GridMatrix's top competitors include Nota, Vehant Technologies and Iteris.
GridMatrix offers GridMatrix Platform.
GridMatrix has 4 investors. Key investors include 8VC, Cota Capital, Alumni Ventures, and The Y Startup Index Fund.
GridMatrix operates through Gridmatrix Inc.