Matrix Partners is a venture capital firm established in 1977, with offices in San Francisco, Cambridge, Shanghai, Beijing, Mumbai, and Bangalore. The firm focuses on seed, early-stage, late-stage, and growth capital investments across various sectors, including software, communications, artificial intelligence, fintech, digital health, and clean technology. With a commitment to building long-term relationships with entrepreneurs, Matrix Partners aims to support visionary founders in developing significant, industry-leading companies. The firm has a strong track record, having participated in hundreds of investments, with many of its portfolio companies achieving successful IPOs or profitable mergers and acquisitions. The team at Matrix Partners combines local insights with global expertise, comprising both former entrepreneurs and seasoned investors.
Trifo designs and manufactures hardware system with sensing, perception, and decision capabilities. The company also develops software for hardware system which enables people organize and interact with home environments along with Software Development Kit (SDK) for integrating company's product into user projects. Trifo was founded in 2016 and is headquartered in Santa Clara, California with additional offices in Shenzhen and Beijing, China.
Nanjing SemiDrive Technology Ltd. is a semiconductor company based in Nanjing, China, established in 2018. The firm specializes in designing and manufacturing core processor chips for the automotive industry, focusing on applications such as advanced driver assistance systems (ADAS) and autonomous driving. Its product lineup includes the X9 chip for high-performance eCockpit applications, the V9 chip for ADAS and autonomous driving, and the G9 chip, which serves as a vehicle central gateway connecting multiple domains. SemiDrive also offers research and development services for intelligent core processors and provides system-level turnkey solutions. The company operates with a fabless manufacturing model, with additional R&D facilities in Beijing and an office in Shenzhen, addressing the growing demand for smart driving technologies and high-performance industrial microprocessors in the automotive sector.
X-EPIC
Series A in 2021
X-EPI is a Nanjing city-based startup aimed at building up China’s own EDA (Electronic Design Automation) industrial software technology.
Ambilight Inc., founded in 2017 and headquartered in Shenzhen, China, specializes in the research, development, and production of flexible smart films. The company is recognized for its innovative technologies in material synthesis, manufacturing processes, and product design, serving a range of applications such as car canopies, side windows, anti-glare rearview mirrors, building curtain walls, and augmented reality glasses. Ambilight operates two innovation centers, one in Shenzhen and another in the United States, collaborating strategically with multiple Fortune Global 500 companies. Through its advancements in electrochromic materials and optical film production, Ambilight aims to enhance energy efficiency and reduce emissions across various industries.
JLSemi is a company focused on the development of high-speed Ethernet communication chips, specializing in gigabit Ethernet analog and system-on-chip (SoC) semiconductors. The firm excels in high-speed analog, advanced digital signal processing (DSP), and mixed-signal designs, pushing the boundaries of Ethernet technology. By leveraging innovations in silicon architecture and design along with advanced process nodes, JLSemi delivers products that offer industry-leading performance in terms of range, resilience, and power consumption. Its advanced connectivity solutions cater to various industries, positioning the company as a key player in the fast-speed communication market.
Nanjing SemiDrive Technology Ltd. is a semiconductor company based in Nanjing, China, established in 2018. The firm specializes in designing and manufacturing core processor chips for the automotive industry, focusing on applications such as advanced driver assistance systems (ADAS) and autonomous driving. Its product lineup includes the X9 chip for high-performance eCockpit applications, the V9 chip for ADAS and autonomous driving, and the G9 chip, which serves as a vehicle central gateway connecting multiple domains. SemiDrive also offers research and development services for intelligent core processors and provides system-level turnkey solutions. The company operates with a fabless manufacturing model, with additional R&D facilities in Beijing and an office in Shenzhen, addressing the growing demand for smart driving technologies and high-performance industrial microprocessors in the automotive sector.
Lightelligence builds optical chips that offer orders of magnitude improvement in terms of high speed, low latency, and low power consumption compared to traditional electronic architectures.
Trifo designs and manufactures hardware system with sensing, perception, and decision capabilities. The company also develops software for hardware system which enables people organize and interact with home environments along with Software Development Kit (SDK) for integrating company's product into user projects. Trifo was founded in 2016 and is headquartered in Santa Clara, California with additional offices in Shenzhen and Beijing, China.
Nanjing SemiDrive Technology Ltd. is a semiconductor company based in Nanjing, China, established in 2018. The firm specializes in designing and manufacturing core processor chips for the automotive industry, focusing on applications such as advanced driver assistance systems (ADAS) and autonomous driving. Its product lineup includes the X9 chip for high-performance eCockpit applications, the V9 chip for ADAS and autonomous driving, and the G9 chip, which serves as a vehicle central gateway connecting multiple domains. SemiDrive also offers research and development services for intelligent core processors and provides system-level turnkey solutions. The company operates with a fabless manufacturing model, with additional R&D facilities in Beijing and an office in Shenzhen, addressing the growing demand for smart driving technologies and high-performance industrial microprocessors in the automotive sector.
Sila Nanotechnologies Inc. specializes in developing advanced materials for batteries that enhance energy density. The company serves various sectors, including automotive, consumer electronics, electric utilities, and aerospace, by providing innovative battery materials chemistry. Founded in 2011 and based in Alameda, California, Sila collaborates closely with leading original equipment manufacturers (OEMs) to support their product development timelines and partners with battery manufacturers to facilitate commercial cell production.
Guangzhou Asensing Electronics Co., Ltd. specializes in the development of inertial navigation and optoelectronic technology solutions. Founded in 2014 and based in Guangzhou, China, the company offers a range of products including vertical gyros, inertial measurement units, attitude heading reference systems, and GPS/INS integrated navigation systems. These products are utilized across various sectors such as aerospace, marine, and industrial applications, serving customers in the fields of aircraft, ships, robots, and somatosensory terminals. In addition to standard offerings, Asensing provides customized solutions, particularly in the areas of UAV platforms and night vision technology. The company's advanced inertial and optoelectronic products enhance dynamic attitude measurement, motion control, and positioning algorithms, contributing to safer and more precise navigation systems.
CTRL-labs Corporation, founded in 2015 and based in New York City, is at the forefront of developing non-invasive neural interface technology. The company's flagship product, the CTRL-kit, is a wireless electromyography device that translates neural signals into control, enabling users to interact with digital devices through a wristband equipped with sensors. This technology aims to enhance immersion and control in areas such as virtual reality, augmented reality, robotics, and productivity. By providing developers with a software development kit (SDK) and application programming interface (API), CTRL-labs facilitates the integration of neural control into various applications. The company's long-term vision is to enable widespread consumer adoption of this technology, creating a new universal controller that allows individuals to use their thoughts and movements to operate machines seamlessly.
NASN Automotive Electronics is committed to providing advanced and complete chassis electronic control products, ADAS and autonomous driving related core technologies for the Chinese automotive market. The main products include NBooster intelligent brake system, brushless electric steering EPS controller and wire control system. It is a scientific and technological innovation enterprise integrating R&D, production and sales.
Trifo designs and manufactures hardware system with sensing, perception, and decision capabilities. The company also develops software for hardware system which enables people organize and interact with home environments along with Software Development Kit (SDK) for integrating company's product into user projects. Trifo was founded in 2016 and is headquartered in Santa Clara, California with additional offices in Shenzhen and Beijing, China.
Sila Nanotechnologies Inc. specializes in developing advanced materials for batteries that enhance energy density. The company serves various sectors, including automotive, consumer electronics, electric utilities, and aerospace, by providing innovative battery materials chemistry. Founded in 2011 and based in Alameda, California, Sila collaborates closely with leading original equipment manufacturers (OEMs) to support their product development timelines and partners with battery manufacturers to facilitate commercial cell production.
CTRL-labs Corporation, founded in 2015 and based in New York City, is at the forefront of developing non-invasive neural interface technology. The company's flagship product, the CTRL-kit, is a wireless electromyography device that translates neural signals into control, enabling users to interact with digital devices through a wristband equipped with sensors. This technology aims to enhance immersion and control in areas such as virtual reality, augmented reality, robotics, and productivity. By providing developers with a software development kit (SDK) and application programming interface (API), CTRL-labs facilitates the integration of neural control into various applications. The company's long-term vision is to enable widespread consumer adoption of this technology, creating a new universal controller that allows individuals to use their thoughts and movements to operate machines seamlessly.
CTRL-labs Corporation, founded in 2015 and based in New York City, is at the forefront of developing non-invasive neural interface technology. The company's flagship product, the CTRL-kit, is a wireless electromyography device that translates neural signals into control, enabling users to interact with digital devices through a wristband equipped with sensors. This technology aims to enhance immersion and control in areas such as virtual reality, augmented reality, robotics, and productivity. By providing developers with a software development kit (SDK) and application programming interface (API), CTRL-labs facilitates the integration of neural control into various applications. The company's long-term vision is to enable widespread consumer adoption of this technology, creating a new universal controller that allows individuals to use their thoughts and movements to operate machines seamlessly.
Trifo designs and manufactures hardware system with sensing, perception, and decision capabilities. The company also develops software for hardware system which enables people organize and interact with home environments along with Software Development Kit (SDK) for integrating company's product into user projects. Trifo was founded in 2016 and is headquartered in Santa Clara, California with additional offices in Shenzhen and Beijing, China.
Qualtré, Inc., founded in 2008 and based in Marlborough, Massachusetts, specializes in developing solid-state silicon micro-electro-mechanical systems (MEMS) motion sensor solutions for various markets including industrial, mobile, consumer, and automotive. The company offers both analog and digital output three-axis angular rate sensors and single-axis MEMS gyroscopes. To address the growing demand in the $4.8 billion gyro market, Qualtré is advancing its next-generation motion sensors based on proprietary bulk acoustic wave (BAW) MEMS gyroscope technology, which aims to deliver high performance at a competitive cost while ensuring environmental durability. The company holds an extensive intellectual property portfolio with around 20 patents that cover a range of product architectures and processes. Qualtré's management team possesses significant experience in the MEMS and semiconductor sectors, emphasizing the importance of strong engineering capabilities across all facets of MEMS product development. The company's location near Boston provides access to top engineering talent in the MEMS field, enhancing its capacity for innovation and product development.
Qualtré, Inc., founded in 2008 and based in Marlborough, Massachusetts, specializes in developing solid-state silicon micro-electro-mechanical systems (MEMS) motion sensor solutions for various markets including industrial, mobile, consumer, and automotive. The company offers both analog and digital output three-axis angular rate sensors and single-axis MEMS gyroscopes. To address the growing demand in the $4.8 billion gyro market, Qualtré is advancing its next-generation motion sensors based on proprietary bulk acoustic wave (BAW) MEMS gyroscope technology, which aims to deliver high performance at a competitive cost while ensuring environmental durability. The company holds an extensive intellectual property portfolio with around 20 patents that cover a range of product architectures and processes. Qualtré's management team possesses significant experience in the MEMS and semiconductor sectors, emphasizing the importance of strong engineering capabilities across all facets of MEMS product development. The company's location near Boston provides access to top engineering talent in the MEMS field, enhancing its capacity for innovation and product development.
Phantom Smart is a research and development design service provider of autonomic 2.4G network-based household products. The company’s flagship product is the Phantom Smart Maiden Voyage Set that includes two smart lights (Nova), a wireless switch (Stick and press), an environmental control (EcoTower), and a gateway (TelePort). These products allow users to remotely control the AC, check home temperature and humidity, and check if there are harmful gases present in homes. Through digitization of homes, Phantom Smart provides more life possibilities for users.
Xiaomi Corporation is an internet company based in Beijing that specializes in the manufacture and distribution of smartphones, consumer electronics, and internet services. Founded in 2010, Xiaomi operates through several segments, including Smartphones, IoT and Lifestyle Products, Internet Services, and Others. The Smartphones segment focuses on selling a range of mobile devices, while the IoT and Lifestyle Products segment includes smart TVs, laptops, AI speakers, and various lifestyle items. The Internet Services segment offers advertising and value-added services, and the Others segment provides hardware repair services. Xiaomi aims to create a comprehensive user experience by integrating user feedback into product design and continuously innovating its offerings. It also engages in wholesale and retail activities, software and hardware development, and operates retail stores and service centers in multiple countries, including India, Russia, and various European nations. The company's commitment to providing high-quality products at competitive prices has fostered a loyal customer base both in China and internationally.
Sila Nanotechnologies Inc. specializes in developing advanced materials for batteries that enhance energy density. The company serves various sectors, including automotive, consumer electronics, electric utilities, and aerospace, by providing innovative battery materials chemistry. Founded in 2011 and based in Alameda, California, Sila collaborates closely with leading original equipment manufacturers (OEMs) to support their product development timelines and partners with battery manufacturers to facilitate commercial cell production.
ConvenientPower HK Limited specializes in the design and development of wireless power applications tailored for mobile electronics users. The company offers wireless QI charging pads compatible with QI-certified receiver devices, available through retail outlets. Founded in 2006 and located in Shatin, Hong Kong, ConvenientPower HK has established strategic alliances with notable corporations, including Philips & Lite-On Digital Solutions Corp and ON Semiconductor Corporation.
Qualtré, Inc., founded in 2008 and based in Marlborough, Massachusetts, specializes in developing solid-state silicon micro-electro-mechanical systems (MEMS) motion sensor solutions for various markets including industrial, mobile, consumer, and automotive. The company offers both analog and digital output three-axis angular rate sensors and single-axis MEMS gyroscopes. To address the growing demand in the $4.8 billion gyro market, Qualtré is advancing its next-generation motion sensors based on proprietary bulk acoustic wave (BAW) MEMS gyroscope technology, which aims to deliver high performance at a competitive cost while ensuring environmental durability. The company holds an extensive intellectual property portfolio with around 20 patents that cover a range of product architectures and processes. Qualtré's management team possesses significant experience in the MEMS and semiconductor sectors, emphasizing the importance of strong engineering capabilities across all facets of MEMS product development. The company's location near Boston provides access to top engineering talent in the MEMS field, enhancing its capacity for innovation and product development.
Qualtré, Inc., founded in 2008 and based in Marlborough, Massachusetts, specializes in developing solid-state silicon micro-electro-mechanical systems (MEMS) motion sensor solutions for various markets including industrial, mobile, consumer, and automotive. The company offers both analog and digital output three-axis angular rate sensors and single-axis MEMS gyroscopes. To address the growing demand in the $4.8 billion gyro market, Qualtré is advancing its next-generation motion sensors based on proprietary bulk acoustic wave (BAW) MEMS gyroscope technology, which aims to deliver high performance at a competitive cost while ensuring environmental durability. The company holds an extensive intellectual property portfolio with around 20 patents that cover a range of product architectures and processes. Qualtré's management team possesses significant experience in the MEMS and semiconductor sectors, emphasizing the importance of strong engineering capabilities across all facets of MEMS product development. The company's location near Boston provides access to top engineering talent in the MEMS field, enhancing its capacity for innovation and product development.
Tigo Energy, Inc. specializes in developing module level power electronics (MLPE) and module optimizer technology for the solar industry. The company provides solar optimizers and software solutions, including module-level monitoring software for various photovoltaic (PV) arrays, as well as a mobile application for managing solar installations. Tigo also offers communication solutions, such as gateways and the Maximizer Management Unit, which facilitates communication between optimizers and inverters, alongside Cloud Connect for on-site management of solar components. Serving residential, commercial, utility, and government markets, Tigo Energy enhances the efficiency and reliability of solar installations, leading to improved output and reduced costs. The company distributes its products globally, with operations in the United States, Europe, Japan, China, Australia, Brazil, and the Middle East. Founded in 2007 and headquartered in Campbell, California, Tigo Energy also maintains an office in Tuscany, Italy.
ConvenientPower HK Limited specializes in the design and development of wireless power applications tailored for mobile electronics users. The company offers wireless QI charging pads compatible with QI-certified receiver devices, available through retail outlets. Founded in 2006 and located in Shatin, Hong Kong, ConvenientPower HK has established strategic alliances with notable corporations, including Philips & Lite-On Digital Solutions Corp and ON Semiconductor Corporation.
EDAN Instruments, Inc. is a distributor of professional medical electronic instruments with self-managing import and export rights. The company is focused on the research and development of medical electronic instruments while also manufacturing, commercializing, and providing other related services. There are many doctors, returnees, postgraduates, and undergraduates from famous universities who work from local homes and abroad for the company. It also has experienced senior and professional engineers working in-house. With an annual growth rate of nearly 50%, EDAN Instruments has maintained stable development. EDAN Instruments was established in 2002.
Xtalic Corporation, founded in 2005 and based in Marlborough, Massachusetts, specializes in developing and manufacturing advanced metal coatings for various applications, primarily in the electronics sector. The company offers innovative nanostructured coatings that enhance corrosion and wear resistance while providing exceptional aesthetics. Notable products include XTRONIC, a barrier layer designed to improve durability, and LUNA, which serves as a gold replacement for electrical connectors. Xtalic's electroplating process is environmentally friendly, eliminating the use of hexavalent chromium, thereby reducing compliance costs and safety risks for workers. By enabling clients to decrease reliance on expensive raw materials and replace hazardous substances, Xtalic contributes to more sustainable manufacturing practices in both decorative and functional metal finishing.
Qualtré, Inc., founded in 2008 and based in Marlborough, Massachusetts, specializes in developing solid-state silicon micro-electro-mechanical systems (MEMS) motion sensor solutions for various markets including industrial, mobile, consumer, and automotive. The company offers both analog and digital output three-axis angular rate sensors and single-axis MEMS gyroscopes. To address the growing demand in the $4.8 billion gyro market, Qualtré is advancing its next-generation motion sensors based on proprietary bulk acoustic wave (BAW) MEMS gyroscope technology, which aims to deliver high performance at a competitive cost while ensuring environmental durability. The company holds an extensive intellectual property portfolio with around 20 patents that cover a range of product architectures and processes. Qualtré's management team possesses significant experience in the MEMS and semiconductor sectors, emphasizing the importance of strong engineering capabilities across all facets of MEMS product development. The company's location near Boston provides access to top engineering talent in the MEMS field, enhancing its capacity for innovation and product development.
Tigo Energy, Inc. specializes in developing module level power electronics (MLPE) and module optimizer technology for the solar industry. The company provides solar optimizers and software solutions, including module-level monitoring software for various photovoltaic (PV) arrays, as well as a mobile application for managing solar installations. Tigo also offers communication solutions, such as gateways and the Maximizer Management Unit, which facilitates communication between optimizers and inverters, alongside Cloud Connect for on-site management of solar components. Serving residential, commercial, utility, and government markets, Tigo Energy enhances the efficiency and reliability of solar installations, leading to improved output and reduced costs. The company distributes its products globally, with operations in the United States, Europe, Japan, China, Australia, Brazil, and the Middle East. Founded in 2007 and headquartered in Campbell, California, Tigo Energy also maintains an office in Tuscany, Italy.
TimeLab Corp. develops and supplies integrated digital semiconductors. It provides timing processor units that generate clock signals in electronic products. TimeLab Corp. was founded in 2001 and is based in Andover, Massachusetts.
Analysts forecast that the Wireless LAN market will grow from 8 million users in 2002 to 80 million users by 2007. This explosive rate of WLAN adoption is driving the need for high capacity WLAN infrastructure within the enterprise. Additionally, as enterprise deployments continue to grow, IT Managers need WLAN infrastructure products that offer enhanced functional capabilities to reduce deployment complexity, increase network robustness and reduce operational costs. Today’s WLAN silicon is optimized for client applications and not for high capacity WLAN infrastructure applications. By allowing simultaneous communications on all WLAN channels, Engim’s Multi-Channel WLAN Switching Engine chipset enables a new generation of very high performance, cost-effective access points. These chipsets apply Wideband Spectral Processing to standards-based WLAN infrastructure products for the first time, thereby dramatically increasing bandwidth and data throughput and making a whole new range of features and functionality available to users at low cost.
Equipe Communications
Series C in 2002
Equipe Communications designs, develops, and markets asynchronous transfer mode (ATM) and multiprotocol label switching (MPLS) products to telecom carriers and service providers. The company's products assist local exchange carriers (ILECs) and interexchange carriers (IXCs) in transition from ATM architecture to IP/MPLS. The company also offers network management design, engineering, furnishing and installation, lifecycle tools, and rapid deployment services. Equipe Communications was founded in 1999 and is based in Acton, Massachusetts.
RealChip Communications
Series B in 2001
RealChip Communications is a Electronics/Chips & Semiconductors company based in Sunnyvale, California. RealChip Communications' investors include Matrix Partners and Comstellar Technologies. RealChip Communications Inc. went out of business as per its Chapter 7 liquidation filing under bankruptcy.
Equipe Communications
Series B in 2000
Equipe Communications designs, develops, and markets asynchronous transfer mode (ATM) and multiprotocol label switching (MPLS) products to telecom carriers and service providers. The company's products assist local exchange carriers (ILECs) and interexchange carriers (IXCs) in transition from ATM architecture to IP/MPLS. The company also offers network management design, engineering, furnishing and installation, lifecycle tools, and rapid deployment services. Equipe Communications was founded in 1999 and is based in Acton, Massachusetts.
Equipe Communications
Series A in 1999
Equipe Communications designs, develops, and markets asynchronous transfer mode (ATM) and multiprotocol label switching (MPLS) products to telecom carriers and service providers. The company's products assist local exchange carriers (ILECs) and interexchange carriers (IXCs) in transition from ATM architecture to IP/MPLS. The company also offers network management design, engineering, furnishing and installation, lifecycle tools, and rapid deployment services. Equipe Communications was founded in 1999 and is based in Acton, Massachusetts.
Xilinx, Inc. designs and develops programmable devices and associated technologies for a global market. The company specializes in integrated circuits, including programmable logic devices, programmable system on chips, and adaptive compute acceleration platforms. Xilinx also provides software design tools, development kits, and hardware solutions to support various applications across industries such as data centers, aerospace, automotive, and consumer electronics. In addition to its core products, Xilinx offers technical support, customer training, and a range of intellectual property licenses for key interfaces and domain-specific applications. The company markets its solutions through a network of distributors and direct sales to original equipment manufacturers. Founded in 1984 and headquartered in San Jose, California, Xilinx also has a venture capital arm, Xilinx Technology Ventures, which invests in startups and growing companies within the programmable logic ecosystem, focusing on technology advancements across multiple sectors.
Apple is a multinational corporation based in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. The company designs, manufactures, and markets a wide range of consumer electronics, including smartphones, computers, and media devices, along with related software and online services. Its flagship products include the iPhone, iPad, Mac, and Apple Watch, all of which are integrated into a cohesive ecosystem that enhances user experience. Apple is recognized for its innovation, particularly with the introduction of the Macintosh, the first widely sold personal computer with a graphical user interface. The company sells its products through various channels, including retail stores, online platforms, and third-party retailers, reaching customers globally. Apple also develops its own software and semiconductors, collaborating with subcontractors for manufacturing. Over the years, it has expanded its offerings to include services like streaming video and subscription bundles, continuing to shape its reputation as a leader in technology and design.
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