About Matrix Industries
Matrix Industries is an Industrial Goods & Manufacturing company based in Menlo Park (United States) founded in 2011 by Akram Boukai and Douglas Tham. Smartwatches powered by body heat are developed using thermoelectric technology. It operates in the Industrial Goods & Manufacturing, Healthcare, and Technology sectors. Matrix Industries has raised $59.31 million across 13 funding rounds from investors including Khosla Ventures. The company has 8 employees. Its chief executive, as recorded, is Akram Boukai. Matrix Industries offers products and services including Perceptive, Proximity, and Prometheus. Its focus areas include High Tech, Wearable Technology, Watches and Trackers and Smart Watches. Its legal entity is MATRIX INDUSTRIES INC. Its competitors include Fitbit, Whoop and iHealth Labs; 3 of its 3 listed competitors have raised funding.
Company details
Matrix Industries was founded in 2011 and is headquartered in Menlo Park, United States. Thermoelectric platform technology is utilized by the company to generate electricity from body temperature gradients, powering smartwatch batteries. Bio-metrics such as calories burned, activity levels, and sleep quality are calculated based on the generated power. The technology is also applied to power medical implants and sensors in the wearables and health tech sector.
- Headquarters Menlo Park, United States
- Employees 8
- Founders Akram Boukai, Douglas Tham
- SectorsIndustrial Goods & ManufacturingHealthcare Technology
- Email••••••••
- Website matrixindustries.com
- Social LinkedIn X Facebook
- Legal Name Matrix Industries Inc
- Total Equity Funding$59.31M (USD)
in 13 rounds
- Latest Funding Round$21.01M (USD), Series B
May 2023
- Investors
- Employee Count8
Products & Services of Matrix Industries
Matrix Industries offers a comprehensive portfolio of products and services, including Perceptive, Proximity, and Prometheus.
Self-powered wearable for monitoring health in eldercare settings.
Underground sensor for detecting and differentiating entities.
General self-powered system for integration and analytics.
Funding Insights of Matrix Industries
Matrix Industries has successfully raised a total of $59.31M across 13 strategic funding rounds. The most recent funding activity was a Series B round of $21.01 million completed in May 2023. 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 $59.31M
- Total Rounds 13
- Last Round Series B — $21.01M
- Investors Count 1
Latest 10 of 13 funding rounds of Matrix Industries 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 |
|---|---|---|---|---|---|
| May 2023 | $21.01M | Series B | – | – | – |
| Jun 2020 | $6.62M | Series B | – | – | – |
| Jul 2018 | $249,998 | Series B | – | – | – |
| Jun 2017 | $17.3M | Series B | – | – | – |
| May 2016 | $2.66M | Series A | – | – | – |
| May 2016 | $3.58M | Series A | – | – | – |
| Sep 2014 | $3.58M | Series A | – | – | – |
| Mar 2014 | Debt – Conventional | – | – | – | |
| Mar 2014 | $500,000 | Series A | – | – | – |
| Nov 2012 | Debt – Conventional | – | – | – |
1 investors in total: 1 institutional.
Investors in Matrix Industries
Matrix Industries has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Khosla Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are funded by this venture capital firm. | 2004 | khoslaventures.com | Menlo Park, United States |
Investor details for Matrix Industries
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Matrix Industries
3 people are tracked at Matrix Industries (3 in leadership); the tracked headcount is 8.
| Name | Role | Group |
|---|---|---|
Akram Boukai | Co-Founder & CEO | Leadership |
Douglas Tham | Co-Founder & CTO | Leadership |
Daisuke Tanaka (Dice) | General Manager | Leadership |
Complete people profiles for Matrix Industries
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Timeline of Matrix Industries
3 dated milestones of Matrix Industries across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Matrix Industries is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $21.0M.
Competitors of Matrix Industries
Matrix Industries has 3 listed competitors in our database, 3 of them funded. They include Fitbit, Whoop and iHealth Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fitbit.com | 2007 | San Francisco, United States | $65.05M | 1,134 | Smartwatches and fitness trackers are provided for activity monitoring. | |
| whoop.com | 2012 | Boston, United States | $979.39M | 453 | Provider of a smart wearable device for physical activities monitoring | |
| ihealthlabs.com | 2010 | Mountain View, United States | $25M | 104 | Personal healthcare devices for vital monitoring are designed and produced. |
Detailed competitors of Matrix Industries
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Web traffic of Matrix Industries
The website of Matrix Industries (matrixindustries.com) receives about 1.5K visits a month.
- Monthly visits1.5K
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Related news about Matrix Industries
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Frequently Asked Questions about Matrix Industries
Matrix Industries was founded in 2011.
Matrix Industries is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Akram Boukai is the CEO of Matrix Industries, as recorded in our data. They have also founded this company.
Matrix Industries is a funded company, having raised a total of $59.31M across 13 funding rounds to date.
Matrix Industries has 8 employees.
Matrix Industries was founded in 2011 and is headquartered in Menlo Park, United States. Thermoelectric platform technology is utilized by the company to generate electricity from body temperature gradients, powering smartwatch batteries. Bio-metrics such as calories burned, activity levels, and sleep quality are calculated based on the generated power. The technology is also applied to power medical implants and sensors in the wearables and health tech sector.
Matrix Industries's top competitors include Fitbit, Whoop and iHealth Labs.
Matrix Industries offers Perceptive, Proximity, and Prometheus.
Matrix Industries has 1 investor. Key investors include Khosla Ventures.
Matrix Industries operates through Matrix Industries Inc.