Matrix Partners
Matrix Partners is a venture capital firm founded in 1977 and based in San Francisco that backs early-stage and Series A technology companies across sectors such as artificial intelligence, B2B software, consumer technology, fintech, health tech, infrastructure, and semiconductors. The firm emphasizes practical, founder-centered collaboration, often supporting concepts from idea stage through Series A and taking board seats to help portfolio companies scale. It operates globally, including Matrix Partners China, which focuses on long-term relationships with entrepreneurs in China and has a track record of IPOs and strategic exits. The team combines former founders and experienced investors to bring local execution and global perspective. Notable investments span across the technology landscape, reflecting a history of involvement with companies like FedEx, Apple, Oculus, Canva, Zendesk, HubSpot, Postmates, Fivetran, Sila, and GOAT, illustrating the firm’s ability to support companies from early development to scale.
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Past deals in Smart Home
Trifo
Series C in 2021
Trifo is a technology company that specializes in designing and manufacturing AI-powered home robots to enhance everyday living. Established in 2016 and headquartered in Santa Clara, California, with additional offices in Shenzhen and Beijing, Trifo develops integrated hardware and software systems equipped with advanced sensing, perception, and decision-making capabilities. Its robots are capable of autonomously organizing and interacting with home environments by understanding physical, geometric, and semantic elements. Additionally, Trifo provides a Software Development Kit (SDK), allowing users to integrate its products into personal projects. The company's innovative solutions aim to improve household efficiency and ease, continually adapting through advanced artificial intelligence technologies.
Ambilight Technology
Series B in 2021
Ambilight Inc., founded in 2017 and headquartered in Shenzhen, China, specializes in the research, development, and production of flexible smart films. The company is at the forefront of thin-film innovation, encompassing material synthesis, manufacturing processes, and product design. Ambilight operates two innovation centers in Shenzhen and the United States, collaborating strategically with various Fortune Global 500 companies. Its technology has applications across multiple sectors, including automotive, architecture, consumer electronics, and augmented reality. Ambilight's advancements focus on enhancing energy efficiency through electrochromic materials and optical film technologies, aiming to meet the needs of modern enterprises while promoting sustainability and reducing emissions.
Zhuizhi Technology
Series A in 2021
Zhuizhi Technology specializes in providing technology services tailored for fast-selling retail companies, focusing on smart retail integrated solutions. The company offers a range of products, including payment access services, mobile management assistant applets, and smart cash registers, all designed to facilitate intelligent management and enhance sales efficiency for retailers. Zhuizhi Technology's expertise encompasses store digitization, optimization of offline to online traffic, precision marketing for members, and improvements in both shopping experiences and store floor efficiency. By addressing the needs of the retail industry through innovative solutions for middle and front desk operations, Zhuizhi Technology supports merchants in managing their businesses effectively.
Addx.ai
Series A in 2021
Addx.ai, founded in early 2018, is a developer of a smart home operating system focused on creating an AI-driven Internet of Things (AIOT) platform. The company specializes in AI edge computing and video cloud solutions, aiming to connect end-product manufacturing brands, original equipment manufacturers (OEMs), and consumers globally. Addx.ai's offerings include a range of smart hardware and solutions that integrate AI technology into home products. Their product lineup features integrated home security, device control, energy management, and intelligent visual and speech recognition systems, all designed to enhance protection and convenience for consumers in their homes. The founding team comprises individuals with backgrounds from prominent organizations such as Amazon and esteemed institutions like Tsinghua University and the Swiss Federal Institute of Technology.
Zhuizhi Technology
Seed Round in 2020
Zhuizhi Technology specializes in providing technology services tailored for fast-selling retail companies, focusing on smart retail integrated solutions. The company offers a range of products, including payment access services, mobile management assistant applets, and smart cash registers, all designed to facilitate intelligent management and enhance sales efficiency for retailers. Zhuizhi Technology's expertise encompasses store digitization, optimization of offline to online traffic, precision marketing for members, and improvements in both shopping experiences and store floor efficiency. By addressing the needs of the retail industry through innovative solutions for middle and front desk operations, Zhuizhi Technology supports merchants in managing their businesses effectively.
Trifo
Series B in 2020
Trifo is a technology company that specializes in designing and manufacturing AI-powered home robots to enhance everyday living. Established in 2016 and headquartered in Santa Clara, California, with additional offices in Shenzhen and Beijing, Trifo develops integrated hardware and software systems equipped with advanced sensing, perception, and decision-making capabilities. Its robots are capable of autonomously organizing and interacting with home environments by understanding physical, geometric, and semantic elements. Additionally, Trifo provides a Software Development Kit (SDK), allowing users to integrate its products into personal projects. The company's innovative solutions aim to improve household efficiency and ease, continually adapting through advanced artificial intelligence technologies.
Trifo
Series A in 2018
Trifo is a technology company that specializes in designing and manufacturing AI-powered home robots to enhance everyday living. Established in 2016 and headquartered in Santa Clara, California, with additional offices in Shenzhen and Beijing, Trifo develops integrated hardware and software systems equipped with advanced sensing, perception, and decision-making capabilities. Its robots are capable of autonomously organizing and interacting with home environments by understanding physical, geometric, and semantic elements. Additionally, Trifo provides a Software Development Kit (SDK), allowing users to integrate its products into personal projects. The company's innovative solutions aim to improve household efficiency and ease, continually adapting through advanced artificial intelligence technologies.
Xpeng Motors
Series B in 2018
Xpeng Motors is a Chinese electric vehicle and technology company that specializes in the design and manufacture of smart cars. The company emphasizes local market needs and prioritizes consumer experience, integrating advanced autonomous driving features and internet-connected technologies into its vehicles. This approach aims to enhance the overall functionality and appeal of their cars, making them more than just traditional vehicles. Additionally, Xpeng Motors has a subsidiary, Xpeng Robotics, which focuses on developing smart robots as part of its broader mobility ecosystem.
Xpeng Motors
Series A in 2017
Xpeng Motors is a Chinese electric vehicle and technology company that specializes in the design and manufacture of smart cars. The company emphasizes local market needs and prioritizes consumer experience, integrating advanced autonomous driving features and internet-connected technologies into its vehicles. This approach aims to enhance the overall functionality and appeal of their cars, making them more than just traditional vehicles. Additionally, Xpeng Motors has a subsidiary, Xpeng Robotics, which focuses on developing smart robots as part of its broader mobility ecosystem.
Meiweishenghuo (Delicious Life)
Series A in 2017
Meiweishenghuo, also known as Delicious Life, is a Beijing-based company that specializes in the manufacturing and operation of smart vending machines across urban centers in China. Founded by a former manager from Meituan-Dianping, the company provides a checkout-free shopping experience that enables customers to purchase fresh produce, including lunchboxes, fruits, salads, snacks, and beverages, by simply scanning a QR code. Meiweishenghuo collaborates with leading merchants to ensure high-quality offerings, utilizing full cold-chain distribution to maintain the freshness and preservation of its products. The company is focused on establishing the largest offline platform for intelligent vending machines in China, making fine food easily accessible to consumers.
Trifo
Series A in 2017
Trifo is a technology company that specializes in designing and manufacturing AI-powered home robots to enhance everyday living. Established in 2016 and headquartered in Santa Clara, California, with additional offices in Shenzhen and Beijing, Trifo develops integrated hardware and software systems equipped with advanced sensing, perception, and decision-making capabilities. Its robots are capable of autonomously organizing and interacting with home environments by understanding physical, geometric, and semantic elements. Additionally, Trifo provides a Software Development Kit (SDK), allowing users to integrate its products into personal projects. The company's innovative solutions aim to improve household efficiency and ease, continually adapting through advanced artificial intelligence technologies.
Raven Tech
Series A in 2016
Raven Tech, Inc., founded in 2014 and based in Beijing, China, is a technology company specializing in developing innovative app prototypes and creative projects. The company offers a range of tools and solutions, including Logonator for creating logo shapes, Convertor for converting images into triangle pixel grids, Vinput for real-time video input conversion, Asky for interpreting abstract ideas through text embedding, Tribrush for icon design and illustrations, Mojifest for animated communication symbols, and Re:morse for encryption using a unique font. Raven Tech also focuses on artificial intelligence, big data, and next-generation operating systems, with notable products like the smart home control system Raven H-1 and the Flow operating system featuring an AI voice assistant named Eva. The company is a subsidiary of Baidu, Inc., and has been part of prestigious accelerator programs such as Microsoft Venture Accelerator and Y Combinator.
Leanvision.cn
Series A in 2015
Leanvision.cn is a smart socket and energy saving systems developer company.
Raven Tech
Series A in 2015
Raven Tech, Inc., founded in 2014 and based in Beijing, China, is a technology company specializing in developing innovative app prototypes and creative projects. The company offers a range of tools and solutions, including Logonator for creating logo shapes, Convertor for converting images into triangle pixel grids, Vinput for real-time video input conversion, Asky for interpreting abstract ideas through text embedding, Tribrush for icon design and illustrations, Mojifest for animated communication symbols, and Re:morse for encryption using a unique font. Raven Tech also focuses on artificial intelligence, big data, and next-generation operating systems, with notable products like the smart home control system Raven H-1 and the Flow operating system featuring an AI voice assistant named Eva. The company is a subsidiary of Baidu, Inc., and has been part of prestigious accelerator programs such as Microsoft Venture Accelerator and Y Combinator.
Raven Tech
Angel Round in 2014
Raven Tech, Inc., founded in 2014 and based in Beijing, China, is a technology company specializing in developing innovative app prototypes and creative projects. The company offers a range of tools and solutions, including Logonator for creating logo shapes, Convertor for converting images into triangle pixel grids, Vinput for real-time video input conversion, Asky for interpreting abstract ideas through text embedding, Tribrush for icon design and illustrations, Mojifest for animated communication symbols, and Re:morse for encryption using a unique font. Raven Tech also focuses on artificial intelligence, big data, and next-generation operating systems, with notable products like the smart home control system Raven H-1 and the Flow operating system featuring an AI voice assistant named Eva. The company is a subsidiary of Baidu, Inc., and has been part of prestigious accelerator programs such as Microsoft Venture Accelerator and Y Combinator.
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 that provides hardware, software, and Internet services globally. It operates through segments including Smartphones, IoT and Lifestyle Products, and Internet Services. Xiaomi offers a wide range of products such as smartphones, smart TVs, laptops, AI speakers, smart routers, and various IoT devices. The company also provides advertising services and other internet value-added services.
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