About Matrix Industries
Matrix Industries is a company based in Menlo Park (United States) founded in 2011 by Akram Boukai and Douglas Tham.. Matrix Industries has raised $59.31 million across 13 funding rounds from investors including Khosla Ventures. The company has 8 employees as of December 31, 2023. Matrix Industries offers products and services including Perceptive, Proximity, and Prometheus. Matrix Industries operates in a competitive market with competitors including Withings, Fitbit, Whoop, iHealth Labs and Garmin International, among others.
- Headquarter Menlo Park, United States
- Employees 8 as on 31 Dec, 2023
- Founders Akram Boukai, Douglas Tham
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Sectors
Industrial Goods & ManufacturingHealthcare Technology
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Email
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Phone
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Website
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Social
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- Legal Name Matrix Industries Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$59.31 M (USD)
in 13 rounds
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Latest Funding Round
$21.01 M (USD), Series B
May 12, 2023
- Investors
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Employee Count
8
as on Dec 31, 2023
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Products & Services of Matrix Industries
Matrix Industries offers a comprehensive portfolio of products and services, including Perceptive, Proximity, and Prometheus. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Self-powered wearable for monitoring health in eldercare settings.
Underground sensor for detecting and differentiating entities.
General self-powered system for integration and analytics.
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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 Total Funding
- Total Rounds 13
- Last Round Series B — $21.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2023 | Amount | Series B - Matrix Industries | Valuation |
investors |
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| Jun, 2020 | Amount | Series B - Matrix Industries | Valuation |
investors |
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| Jul, 2018 | Amount | Series B - Matrix Industries | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Matrix Industries
Matrix Industries has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Khosla Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups are funded by this venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Matrix Industries
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Matrix Industries
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Matrix Industries Comparisons
Competitors of Matrix Industries
Matrix Industries operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Withings, Fitbit, Whoop, iHealth Labs and Garmin International, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Connected devices for health, sleep, and activity monitoring are developed.
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| domain | founded_year | HQ Location |
Smartwatches and fitness trackers are provided for activity monitoring.
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| domain | founded_year | HQ Location |
Provider of a smart wearable device for physical activities monitoring
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| domain | founded_year | HQ Location |
Personal healthcare devices for vital monitoring are designed and produced.
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Smart fitness trackers and watches are developed for performance monitoring.
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Developer of AI-powered voice interaction and generative AI technologies
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Matrix Industries
Frequently Asked Questions about Matrix Industries
When was Matrix Industries founded?
Matrix Industries was founded in 2011.
Where is Matrix Industries located?
Matrix Industries is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Who is the current CEO of Matrix Industries?
Akram Boukai is the current CEO of Matrix Industries. They have also founded this company.
Is Matrix Industries a funded company?
Matrix Industries is a funded company, having raised a total of $59.31M across 13 funding rounds to date. The company's 1st funding round was a Series B of $250K, raised on Oct 20, 2011.
How many employees does Matrix Industries have?
As of Dec 31, 2023, the latest employee count at Matrix Industries is 8.
What does Matrix Industries do?
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.
Who are the top competitors of Matrix Industries?
What products or services does Matrix Industries offer?
Matrix Industries offers Perceptive, Proximity, and Prometheus.
Who are Matrix Industries's investors?
Matrix Industries has 1 investor. Key investors include Khosla Ventures.
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