About Matrics
Matrics is a Technology company based in Columbia (United States) founded in 1998, and was acquired by Symbol Technologies in July 2004. It operates as a RFID technology is supplied for supply chain, assets, and security. Matrics has raised $34 million across 2 funding rounds from investors including The Carlyle Group, Symbol Technologies and Novak Biddle Venture Partners. Its focus areas include High Tech, Internet of Things Infrastructure, IoT Devices and Tags & Readers. Its competitors include Elatec RFID, QuantalRF, Checkpoint Systems, MDT Innovations and Myruns and 4 more; 5 of its 9 listed competitors have raised funding.
Company details
Founded in 1998 and based in Columbia, United States, Matrics operates in the RFID technology sector. Solutions are offered for industrial supply chain tracking, asset management, and security applications. Products encompass readers compatible with EPC-compliant tags, UHF smart inlays and labels, and the Visibility Manager system for overseeing reader networks. Wireless tracking options are provided to enable enterprise-wide asset visibility.
- Headquarters Columbia, United States
- SectorsTechnology
- Website matrics.com
- Acquired by Symbol Technologies (Jul 2004)
- Total Equity Funding$34M (USD)
in 2 rounds
- Latest Funding Round$20M (USD), Series C
Jul 2003
- InvestorsThe Carlyle Group
& 4 more
- Acquired bySymbol Technologies
(Jul 2004)
Funding Insights of Matrics
Matrics has successfully raised a total of $34M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $20 million completed in July 2003. 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 $34M
- Total Rounds 2
- Last Round Series C — $20M
- First Round $14M
(Dec 2001)
- Investors Count 4
All 2 funding rounds of Matrics 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 |
|---|---|---|---|---|---|
| Jul 2003 | $20M | Series C | – | – | |
| Dec 2001 | $14M | Series B | – | – |
5 investors in total: 5 institutional.
Investors in Matrics
Matrics has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include The Carlyle Group, Symbol Technologies and Novak Biddle Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are directed toward multiple sectors. | 1986 | carlyle.com | - | |
US focused VC firm | – | novakbiddle.com | Bethesda, United States | |
US focused venture capital firm | – | polarispartners.com | Boston, United States | |
Private equity financing is provided by Venturehouse Group. | – | venturehousegroup.com | Washington, United States | |
Limited information available | 1991 | symbol.com | United States |
Investor details for Matrics
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Timeline of Matrics
4 dated milestones of Matrics across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Matrics is founded.
- Funding First funding round of $14.0M.
- Funding Latest funding round, Series C, of $20.0M.
- Exit Acquired by Symbol Technologies.
Competitors of Matrics
Matrics has 9 listed competitors in our database, 5 of them funded. They include Elatec RFID, QuantalRF, Checkpoint Systems, MDT Innovations and Myruns, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| elatec-rfid.com | 1988 | Puchheim, Germany | – | 80 | Manufacturer of RFID-based access control solution | |
| quantalrf.com | 2008 | San Diego, United States | $48.18M | 13 | Provider of IoT based RF receiver architectures | |
| checkpointsystems.com | 1969 | West Deptford, United States | – | 24 | Cloud-based RFID solutions are provided for offline retail operations. | |
| mmdt.cc | 2004 | Petaling Jaya, Malaysia | $23.97M | – | NFC-based products and sensor systems for IoT applications are provided. | |
| myruns.com | 2014 | San Sebastian, Spain | $7.37M | – | RFID tags and readers are provided for wireless data transmission. | |
| eagile.com | 2004 | Grand Rapids, United States | $7.56M | – | Developer of RFID tags, readers and software platforms for developing asset tracking applications | |
| nordicid.com | 1986 | Salo, Finland | – | – | RAIN RFID tracking and tracing solutions are supplied to enterprises. | |
| panthronics.com | 2014 | Graz, Austria | – | – | Provider of NFC readers for multiple purposes | |
| idatachina.com | 2010 | China | $15.03M | – | iData is recognized as a leading IoT hardware manufacturer. |
Detailed competitors of Matrics
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Top companies in Industrial IoT & Smart Manufacturing
10 companies that operate in the same segment as Matrics (Industrial IoT & Smart Manufacturing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 | |
Wireless security platform for IoT applications is provided. | 2015 | Palo Alto, California, United States | USD 1.17 B | – | – | |
Blockchain-based connectivity for IoT applications is facilitated. | 2017 | Menlo Park, California, United States | USD 50 M | – | – | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based smart locks for residential and commercial access are provided. | 2014 | New York, New York, United States | USD 152.78 M | USD 70.12 M | 266 | |
Keyless smart locks are developed for consumer and commercial applications. | 2015 | Singapore, Singapore | USD 32.28 M | – | – | |
Provider of cyber security solutions for asset visibility and threat management | 2000 | San Jose, California, United States | USD 120.28 M | USD 4.03 M | 1,330 | |
Mesh-based connectivity solutions for IoT applications are provided. | 2014 | San Francisco, California, United States | USD 90 M | – | – |
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Frequently Asked Questions about Matrics
Matrics was founded in 1998 and raised its 1st funding round 3 years after it was founded.
Matrics is headquartered in Columbia, United States.
Matrics is a funded company, having raised a total of $34M across 2 funding rounds to date. The company's 1st funding round was a Series B of $14M, raised on Dec 2001.
Founded in 1998 and based in Columbia, United States, Matrics operates in the RFID technology sector. Solutions are offered for industrial supply chain tracking, asset management, and security applications. Products encompass readers compatible with EPC-compliant tags, UHF smart inlays and labels, and the Visibility Manager system for overseeing reader networks. Wireless tracking options are provided to enable enterprise-wide asset visibility.
Matrics's top competitors include QuantalRF, Checkpoint Systems and Nordic ID.
Matrics has 5 investors. Key investors include The Carlyle Group, Symbol Technologies, Novak Biddle Venture Partners, Polaris Partners, and Venturehouse Group.
Yes. Matrics was acquired by Symbol Technologies in July 2004.