Matrix

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.

Ben Altshuler

Partner

Tim Barrows

Partner

Diana Kimball Berlin

Partner

Rahul Chaudhary

Venture Partner

Pranay Desai

Managing Director

Phyllis Doherty

Administrative Partner

Paul J. Ferri

Co-Founder

Jacob Jolis

Partner

Patrick Malatack

Partner

Harry Man

Partner

Kojo Osei

Partner

Kun Qian

Managing Director

Brian Ru

Venture Partner

Varun Singhal

Senior Associate

Dana Stalder

General Partner

David Su

Founding Managing Partner

Ilya Sukhar

General Partner

Sun Linghao

Managing Partner

Huadong Wang

Partner

Kevin Xiong

Partner

Michael Zuo

Partner

T.J. Parker

Partner

Past deals in Internet of Things

Houmo.AI

Series A in 2022
Houmo.AI is a semiconductor company that develops an integrated circuit storage technology for AI computing. The company aims to use disruptive technologies to create AI chips with a "ten-fold effect", to meet the huge computing power demand in the era of true artificial intelligence, and to use unlimited computing power to change the world. Houmo.AI was founded by Dr. Wu Qiang in 2020.

Cygnusemi

Series A in 2022
Cygnus Semi is a semiconductor chip technology company that focuses on 5G IoT applications.

Houmo.AI

Seed Round in 2021
Houmo.AI is a semiconductor company that develops an integrated circuit storage technology for AI computing. The company aims to use disruptive technologies to create AI chips with a "ten-fold effect", to meet the huge computing power demand in the era of true artificial intelligence, and to use unlimited computing power to change the world. Houmo.AI was founded by Dr. Wu Qiang in 2020.

TDengine

Series B in 2021
Beijing TAOS Data Technology Co., Ltd. specializes in the acquisition, storage, and analysis of time-space data, particularly for the Internet of Things (IoT) and connected vehicles. The company has developed TDengine, a big data platform that addresses the challenges posed by the rapid growth of connected devices. TDengine is designed to efficiently collect, store, compute, and analyze time-series data, demonstrating performance that exceeds traditional time-series databases by a significant margin. The platform's core components, including the storage and computing engine, are fully open-sourced, reflecting TAOS Data's commitment to transparency and community-driven development. The company's mission centers on enhancing customer success by providing a comprehensive IoT big data solution that minimizes operational complexity and costs. Headquartered in Beijing, TAOS Data has a team that spans locations in China and California, supported by investors including prominent venture capital firms.

Houmo.AI

Seed Round in 2021
Houmo.AI is a semiconductor company that develops an integrated circuit storage technology for AI computing. The company aims to use disruptive technologies to create AI chips with a "ten-fold effect", to meet the huge computing power demand in the era of true artificial intelligence, and to use unlimited computing power to change the world. Houmo.AI was founded by Dr. Wu Qiang in 2020.

Addx.ai

Series A in 2021
Addx.ai, founded in early 2018, specializes in developing a smart home operating system that integrates artificial intelligence and Internet of Things (AIOT) technology. The company focuses on creating an intelligent platform that offers AI edge computing and video cloud solutions, effectively connecting manufacturers, OEMs, and consumers globally. With a team composed of professionals from esteemed organizations such as Amazon and Tsinghua University, Addx.ai provides a range of smart hardware and solutions. Their offerings include integrated home security systems, device control, energy management, and advanced visual and speech recognition capabilities, all aimed at enhancing consumer protection and convenience in home environments.

Xuelangyun

Series A in 2020
Xuelangyun is a general platform for industrial Internet. It is developed and operated by Wuxi Xuelang Digital Technology Co., Ltd. The company is committed to building a national-level industrial Internet platform and creating an independent and controllable industrial data operating system. The core team is from Alibaba Cloud, and the founder is the head of the former Alibaba Cloud ET Industrial Brain.

Smart Fabric

Series C in 2019
Smart Fabric is a technology company based in Shenzhen, Guangdong, China, that specializes in transforming the textile production and trade process through its cloud-based ERP system. Established in November 2014, Smart Fabric focuses on the downstream segment of the clothing industry, connecting customer orders from brands and garment factories with upstream partners such as spinning mills and dyeing factories. Utilizing the Internet of Things, Smart Fabric enables these factories to collaborate effectively, optimizing the fabric production process. The company's intelligent, data-driven manufacturing solutions help textile manufacturers digitize their workflows, improve supply chain management, and enhance overall efficiency. By providing innovative services and products, Smart Fabric addresses the evolving demands of suppliers, manufacturers, and factories in the textile sector.

RootCloud

Series B in 2019
RootCloud is a cloud computing platform based in Beijing, China, that focuses on industrial applications and the internet of things (IoT). Founded in 2016, it provides a comprehensive suite of services for machine manufacturers, equipment users, government agencies, and other organizations. The platform facilitates online management of industrial assets through a multi-layered architecture that includes connection, platform, and application layers. It offers solutions in areas such as smart manufacturing, research and development, energy management, and industrial artificial intelligence. RootCloud specializes in delivering IoT and big data services, enabling large-scale manufacturing enterprises to achieve digital transformation and improve operational efficiency. Through its service-as-a-service model hosted on the public cloud, RootCloud supports clients in enhancing product quality and reinforcing core competencies.

RootCloud

Series B in 2019
RootCloud is a cloud computing platform based in Beijing, China, that focuses on industrial applications and the internet of things (IoT). Founded in 2016, it provides a comprehensive suite of services for machine manufacturers, equipment users, government agencies, and other organizations. The platform facilitates online management of industrial assets through a multi-layered architecture that includes connection, platform, and application layers. It offers solutions in areas such as smart manufacturing, research and development, energy management, and industrial artificial intelligence. RootCloud specializes in delivering IoT and big data services, enabling large-scale manufacturing enterprises to achieve digital transformation and improve operational efficiency. Through its service-as-a-service model hosted on the public cloud, RootCloud supports clients in enhancing product quality and reinforcing core competencies.

Ruixin Smart Medical

Series A in 2019
Ruixin Smart Medical develops real-time monitoring equipment for the detection of cardiovascular and cerebrovascular diseases. It is researching and developing intelligent medical platforms based on artificial intelligence, simulation, and cloud computing, so as to deeply mine the information in medical data to more accurately assess the condition and guide treatment. The company was founded in 2017 and is headquartered in Shenzhen.

iOranges Automation

Series B in 2018
iOranges Automation is a company based in Shenzhen, China, specializing in the development of machine vision positioning systems. The firm operates at the intersection of artificial intelligence and robotics, focusing on innovative solutions that enhance automation processes. Through its advanced technology, iOranges Automation aims to improve efficiency and precision in various industrial applications.

Internet of Services

Initial Coin Offering in 2018
The Internet of Services (IOS) offers a secure & scalable infrastructure for online service providers. Its high TPS, scalable and secure blockchain, and privacy protection provide infinite possibilities for online service providers to serve their customer base. IOST has offices in Beijing and San Francisco.

RootCloud

Series A in 2018
RootCloud is a cloud computing platform based in Beijing, China, that focuses on industrial applications and the internet of things (IoT). Founded in 2016, it provides a comprehensive suite of services for machine manufacturers, equipment users, government agencies, and other organizations. The platform facilitates online management of industrial assets through a multi-layered architecture that includes connection, platform, and application layers. It offers solutions in areas such as smart manufacturing, research and development, energy management, and industrial artificial intelligence. RootCloud specializes in delivering IoT and big data services, enabling large-scale manufacturing enterprises to achieve digital transformation and improve operational efficiency. Through its service-as-a-service model hosted on the public cloud, RootCloud supports clients in enhancing product quality and reinforcing core competencies.

Smart Fabric

Series B in 2018
Smart Fabric is a technology company based in Shenzhen, Guangdong, China, that specializes in transforming the textile production and trade process through its cloud-based ERP system. Established in November 2014, Smart Fabric focuses on the downstream segment of the clothing industry, connecting customer orders from brands and garment factories with upstream partners such as spinning mills and dyeing factories. Utilizing the Internet of Things, Smart Fabric enables these factories to collaborate effectively, optimizing the fabric production process. The company's intelligent, data-driven manufacturing solutions help textile manufacturers digitize their workflows, improve supply chain management, and enhance overall efficiency. By providing innovative services and products, Smart Fabric addresses the evolving demands of suppliers, manufacturers, and factories in the textile sector.

iOranges Automation

Series A in 2017
iOranges Automation is a company based in Shenzhen, China, specializing in the development of machine vision positioning systems. The firm operates at the intersection of artificial intelligence and robotics, focusing on innovative solutions that enhance automation processes. Through its advanced technology, iOranges Automation aims to improve efficiency and precision in various industrial applications.
Mor.AI is an artificial intelligence company focusing on Cognitive Computing and Natural Language Understanding technology. It serves as a Conversational Services Search Platform, based on in-house voice interaction of ‘Noise reduction+Automatic Speech Recognition + Multi-round dialogue+Knowledge Graph’. In the cloud, Mor.AI connected services and contents of 50+ fields and provided 10+ transaction services. Through mainly voice interaction and with the Conversational Services Search Platform, Mor.AI built Internet of Things and Internet of Vehicles. In the home appliance industry, Mor.AI is in in-depth cooperation with manufacturers such as vivo, Konka, TCL and Sharp. In the automotive industry, it is in partnership with a number of international and local car manufacturers, for instance, Mercedes-Benz and SAIC MAXUS.

Internet of Services

Series A in 2016
The Internet of Services (IOS) offers a secure & scalable infrastructure for online service providers. Its high TPS, scalable and secure blockchain, and privacy protection provide infinite possibilities for online service providers to serve their customer base. IOST has offices in Beijing and San Francisco.

Phantom

Series A in 2013
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

Series C in 2012
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.

OATSystems

Series B in 2006
OATSystems, Inc. is a leader in radio-frequency identification (RFID) technology, providing software solutions that enhance business operations across various industries. With a focus on delivering real-time visibility, OATSystems automates and streamlines processes on the manufacturing floor, integrating seamlessly with enterprise resource planning (ERP), warehouse management systems (WMS), and supply-chain execution systems. The company has established itself as a pioneer in the RFID field, achieving significant milestones in large-scale deployments and innovative enterprise-wide solutions. OATSystems serves a diverse international clientele, including over 50 customers in sectors such as retail, consumer packaged goods, electronics, manufacturing, life sciences, and aerospace. Headquartered in Waltham, Massachusetts, the company has additional offices in Austin, Chicago, London, and Bangalore.

OATSystems

Series A in 2005
OATSystems, Inc. is a leader in radio-frequency identification (RFID) technology, providing software solutions that enhance business operations across various industries. With a focus on delivering real-time visibility, OATSystems automates and streamlines processes on the manufacturing floor, integrating seamlessly with enterprise resource planning (ERP), warehouse management systems (WMS), and supply-chain execution systems. The company has established itself as a pioneer in the RFID field, achieving significant milestones in large-scale deployments and innovative enterprise-wide solutions. OATSystems serves a diverse international clientele, including over 50 customers in sectors such as retail, consumer packaged goods, electronics, manufacturing, life sciences, and aerospace. Headquartered in Waltham, Massachusetts, the company has additional offices in Austin, Chicago, London, and Bangalore.

OATSystems

Series A in 2003
OATSystems, Inc. is a leader in radio-frequency identification (RFID) technology, providing software solutions that enhance business operations across various industries. With a focus on delivering real-time visibility, OATSystems automates and streamlines processes on the manufacturing floor, integrating seamlessly with enterprise resource planning (ERP), warehouse management systems (WMS), and supply-chain execution systems. The company has established itself as a pioneer in the RFID field, achieving significant milestones in large-scale deployments and innovative enterprise-wide solutions. OATSystems serves a diverse international clientele, including over 50 customers in sectors such as retail, consumer packaged goods, electronics, manufacturing, life sciences, and aerospace. Headquartered in Waltham, Massachusetts, the company has additional offices in Austin, Chicago, London, and Bangalore.

Nauticus Networks

Series B in 2002
Nauticus Networks, Inc. is a networking company that creates powerful infrastructure products to deliver the next generation Internet. The new generation of application switches enables enterprises and service providers to deliver high performance network and security services.

Nauticus Networks

Series A in 2001
Nauticus Networks, Inc. is a networking company that creates powerful infrastructure products to deliver the next generation Internet. The new generation of application switches enables enterprises and service providers to deliver high performance network and security services.

Internet Generation Storage

Venture Round in 2000
Internet Generation Storage
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.