# Matroid

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/matroid

- Industry: Software
- Headquarters: Palo Alto, US
- Website: http://www.matroid.com
- Total disclosed funding: $34M
- Latest round: Series B (Oct 12, 2020)
- Investors on record: 3

## About

Matroid, Inc. is a technology company specializing in a no-code computer vision platform that allows users to create and deploy visual inspection solutions efficiently across various industries without the need for programming skills.Founded in 2016 and headquartered in Palo Alto, US, Matroid, Inc. provides a no-code platform designed for visual inspection solutions. The company was established by Reza Zadeh, who has a background in founding technology firms. In October 2020, Matroid raised USD 20 mn in Series B funding led by Energize Capital, with contributions from Intel Capital and New Enterprise Associates, totaling USD 20 mn raised to date.Matroid offers a no-code computer vision platform that empowers users to create and deploy advanced visual inspection solutions without requiring programming expertise. The platform focuses on several key functionalities, including defect detection, quality and safety-critical inspections, standard operating procedure (SOP) verification, and cycle time monitoring, enhancing operational efficiency across industries like manufacturing, automotive, aerospace, security, and airport management. The software is compatible with any image or video hardware, allowing flexible deployment in cloud, on-premise, or edge environments, and serves a diverse clientele including corporations like Mercedes.Matroid generates revenue through a subscription-based model, offering clients access to its no-code computer vision software and services. Their revenue structure includes partnerships with enterprises requiring tailored solutions for visual inspection and operational monitoring, allowing organizations to select features that align with their operational goals, catering to both large-scale enterprises and smaller businesses.Matroid plans to utilize the recent USD 20 mn funding from October 2020 to enhance its product offerings and expand into new markets. The company aims to focus on launching additional features that improve operational efficiencies, while targeting growth in North America and Europe by 2022. This funding will facilitate the development of upcoming products designed to address specific industry needs.

## Funding rounds

- Series B, Oct 12, 2020, $20M — New Enterprise Associates, Intel Capital, Energize Capital
- Series A, Aug 25, 2017, $14M — New Enterprise Associates, Intel Capital

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A, Series B
- Energize Capital (https://capitalatlas.ai/funds/energize-capital) — Series B