# Matrix Industries

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/matrix-industries

- Industry: Electronics
- Headquarters: Menlo Park, US
- Website: www.siliciumenergy.com
- Total disclosed funding: $4.2M
- Latest round: Series A (May 18, 2016)
- Investors on record: 1

## About

Matrix Industries, Inc. specializes in innovative silicon-based energy solutions, focusing on advanced solar panel technology and energy storage systems to promote sustainability.Matrix Industries, Inc. was founded in 2011 and is headquartered in Menlo Park, US. The company develops cutting-edge technology in energy solutions, specifically silicon solar panels and energy storage systems. The CEO, Akram Boukai, leads the firm, which has successfully raised USD 2.66 mn in Series A funding from Khosla Ventures on May 18, 2016, bringing the total amount raised to USD 2.66 mn and the current valuation to USD 21.09 mn.Matrix Industries, Inc. offers innovative energy solutions, focusing on silicon-based technologies. Their main products include advanced silicon solar panels and energy storage systems that enhance energy efficiency for both residential and commercial applications, catering to the growing demand for renewable energy.Matrix Industries, Inc. generates revenue through direct sales of its silicon solar panels and energy storage systems. The company engages in direct-to-consumer sales and partnerships with contractors and energy service providers, offering customers options for outright purchases or long-term service contracts. Pricing plans are tiered to meet various customer needs, reinforcing their commitment to customer satisfaction and quality assurance in the renewable energy sector.The company plans to leverage the recent Series A funding of USD 2.66 mn to enhance its product lineup and expand market reach. They are focused on launching new products designed to improve energy efficiency and exploring entry into new geographic markets, particularly across North America and Europe, to meet the rising demand for sustainable energy solutions.

## Funding rounds

- Series A, May 18, 2016, $2.7M — Khosla Ventures
- Seed, Nov 8, 2011, $1.6M — Khosla Ventures

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed, Series A