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 Austin, TX

Concerto

Venture Round in 2022
Concerto Card is a company created to power credit card partnerships that enhance the user and product experience for consumers and businesses.

Upside Financing

Seed Round in 2021
Upside Financing addresses a significant challenge in the consumer packaged goods (CPG) industry: mismatched payment terms. The company has developed a cash flow management platform designed to reduce cash drain and support business growth. This platform seamlessly integrates with existing workflows and partners with accounting software to automate processes, thereby alleviating the burden of cash flow management. By doing so, Upside Financing helps companies unlock blocked inventory and free up cash flow, allowing them to invest in their operations more efficiently and effectively.

Steadily

Series A in 2021
Steadily Insurance Agency, Inc. is an online platform that provides property insurance services specifically tailored for landlords. Founded in 2019 and based in Austin, Texas, the company offers coverage for various types of damages, including fire, water, liability, medical expenses, settlement costs, volcanic eruptions, and explosions. By leveraging technology, Steadily simplifies the insurance purchasing process by pre-filling essential data points, such as property size and construction year, allowing landlords to obtain quotes and secure insurance directly through a mobile interface, eliminating the need for traditional agents.

Steadily

Seed Round in 2020
Steadily Insurance Agency, Inc. is an online platform that provides property insurance services specifically tailored for landlords. Founded in 2019 and based in Austin, Texas, the company offers coverage for various types of damages, including fire, water, liability, medical expenses, settlement costs, volcanic eruptions, and explosions. By leveraging technology, Steadily simplifies the insurance purchasing process by pre-filling essential data points, such as property size and construction year, allowing landlords to obtain quotes and secure insurance directly through a mobile interface, eliminating the need for traditional agents.

Bee Cave Games

Series A in 2015
Bee Cave Games is a social and mobile game developer based in Austin, Texas. They develop connected games for web, Facebook, iOS (iPhone and iPad), Android (phone and tablet), and other gaming platforms. The company's Bee Cave Blackjack and Slots features world-class Blackjack and Slots games, supports 18 languages, and is available at the Facebook App Center, Apple iOS App Store, Google Play Store or the Kindle Fire App Store.

Bee Cave Games

Seed Round in 2014
Bee Cave Games is a social and mobile game developer based in Austin, Texas. They develop connected games for web, Facebook, iOS (iPhone and iPad), Android (phone and tablet), and other gaming platforms. The company's Bee Cave Blackjack and Slots features world-class Blackjack and Slots games, supports 18 languages, and is available at the Facebook App Center, Apple iOS App Store, Google Play Store or the Kindle Fire App Store.

Care

Series E in 2012
Care.com is dedicated to enhancing the lives of families and caregivers by facilitating reliable connections between them. The platform serves as a comprehensive marketplace, enabling families to make informed decisions regarding quality care for children, parents, pets, and other loved ones. By providing access to a wide range of caregivers, Care.com aims to be the leading destination for quality care providers, helping them find meaningful employment and career opportunities worldwide. The service has gained rapid popularity among families seeking care solutions, reflecting its commitment to fulfilling the essential human need for caregiving.

Vectra

Series A in 2012
Vectra AI, Inc. is a cybersecurity company based in San Jose, California, specializing in artificial intelligence-based solutions for detecting and responding to cyberattacks across cloud, data center, and enterprise infrastructures. Established in 2010, Vectra focuses on safeguarding cloud and data center workloads as well as user and IoT devices. Its flagship Cognito platform enhances threat detection and investigation by leveraging AI to collect, store, and enrich network metadata, enabling real-time detection and analysis of both known and unknown threats. The company offers three key applications within the Cognito platform: Cognito Stream, which transmits security-enriched metadata to data lakes and SIEMs; Cognito Recall, a cloud-based tool for storing and investigating threats; and Cognito Detect, designed to swiftly reveal and prioritize hidden attackers. Vectra AI also has research and development centers in Dublin, Ireland; Austin, Texas; and Cambridge, Massachusetts.

Care

Series D in 2011
Care.com is dedicated to enhancing the lives of families and caregivers by facilitating reliable connections between them. The platform serves as a comprehensive marketplace, enabling families to make informed decisions regarding quality care for children, parents, pets, and other loved ones. By providing access to a wide range of caregivers, Care.com aims to be the leading destination for quality care providers, helping them find meaningful employment and career opportunities worldwide. The service has gained rapid popularity among families seeking care solutions, reflecting its commitment to fulfilling the essential human need for caregiving.

Care

Series C in 2010
Care.com is dedicated to enhancing the lives of families and caregivers by facilitating reliable connections between them. The platform serves as a comprehensive marketplace, enabling families to make informed decisions regarding quality care for children, parents, pets, and other loved ones. By providing access to a wide range of caregivers, Care.com aims to be the leading destination for quality care providers, helping them find meaningful employment and career opportunities worldwide. The service has gained rapid popularity among families seeking care solutions, reflecting its commitment to fulfilling the essential human need for caregiving.

BuyWithMe

Series B in 2010
BuyWithMe is a group-buying platform that connects local merchants with consumers through exclusive, limited-time offers. The mobile application functions as a digital wallet, enabling users to manage balances and make payments using various cryptocurrencies, including Facebook Libra coins, Bitcoin, and Ethereum. Customers can easily pay in physical stores by scanning QR codes and can also transfer funds between accounts without the need for traditional point-of-sale infrastructure. The app notifies users of nearby deals across a wide range of categories, such as dining, entertainment, and personal services, helping them save money. Transactions are processed in real-time, with offline transactions recorded for later blockchain upload. Founded in New York City, BuyWithMe was established by Andrew Moss and later refounded by Zsolt Sasdi. The company also has an office in Austin.

BuyWithMe

Series A in 2010
BuyWithMe is a group-buying platform that connects local merchants with consumers through exclusive, limited-time offers. The mobile application functions as a digital wallet, enabling users to manage balances and make payments using various cryptocurrencies, including Facebook Libra coins, Bitcoin, and Ethereum. Customers can easily pay in physical stores by scanning QR codes and can also transfer funds between accounts without the need for traditional point-of-sale infrastructure. The app notifies users of nearby deals across a wide range of categories, such as dining, entertainment, and personal services, helping them save money. Transactions are processed in real-time, with offline transactions recorded for later blockchain upload. Founded in New York City, BuyWithMe was established by Andrew Moss and later refounded by Zsolt Sasdi. The company also has an office in Austin.

Hyper9

Series B in 2009
Hyper9, Inc. provides virtualization management solutions. It offers virtual infrastructure search and analytics solutions, which includes consolidated view, environment monitoring, analytics, and collaboration. Hyper9, Inc. was formerly known as InovaWave, Inc. and changed its name in February 2006. The company was founded in 2006 and is based in Austin, Texas.

Care

Series B in 2008
Care.com is dedicated to enhancing the lives of families and caregivers by facilitating reliable connections between them. The platform serves as a comprehensive marketplace, enabling families to make informed decisions regarding quality care for children, parents, pets, and other loved ones. By providing access to a wide range of caregivers, Care.com aims to be the leading destination for quality care providers, helping them find meaningful employment and career opportunities worldwide. The service has gained rapid popularity among families seeking care solutions, reflecting its commitment to fulfilling the essential human need for caregiving.

Care

Series A in 2007
Care.com is dedicated to enhancing the lives of families and caregivers by facilitating reliable connections between them. The platform serves as a comprehensive marketplace, enabling families to make informed decisions regarding quality care for children, parents, pets, and other loved ones. By providing access to a wide range of caregivers, Care.com aims to be the leading destination for quality care providers, helping them find meaningful employment and career opportunities worldwide. The service has gained rapid popularity among families seeking care solutions, reflecting its commitment to fulfilling the essential human need for caregiving.

Hyper9

Series B in 2007
Hyper9, Inc. provides virtualization management solutions. It offers virtual infrastructure search and analytics solutions, which includes consolidated view, environment monitoring, analytics, and collaboration. Hyper9, Inc. was formerly known as InovaWave, Inc. and changed its name in February 2006. The company was founded in 2006 and is based in Austin, Texas.

Care

Series A in 2007
Care.com is dedicated to enhancing the lives of families and caregivers by facilitating reliable connections between them. The platform serves as a comprehensive marketplace, enabling families to make informed decisions regarding quality care for children, parents, pets, and other loved ones. By providing access to a wide range of caregivers, Care.com aims to be the leading destination for quality care providers, helping them find meaningful employment and career opportunities worldwide. The service has gained rapid popularity among families seeking care solutions, reflecting its commitment to fulfilling the essential human need for caregiving.

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.

ColdWatt

Series B in 2006
ColdWatt, Inc. specializes in the design, development, and manufacture of power converters tailored for computing, telecommunications, and networking applications. The company provides its products to original equipment manufacturers (OEMs), IT managers, and systems designers. Headquartered in Austin, Texas, ColdWatt also maintains offices in Taiwan, San Jose, California, and Houston, Texas, along with operations in Shenzen, China, and design centers in Dallas, Texas, and Bangalore, India. Originally established as GTI Power Systems in 2004, the company rebranded in March 2005 to better reflect its focus on power conversion technologies.

ColdWatt

Series A in 2005
ColdWatt, Inc. specializes in the design, development, and manufacture of power converters tailored for computing, telecommunications, and networking applications. The company provides its products to original equipment manufacturers (OEMs), IT managers, and systems designers. Headquartered in Austin, Texas, ColdWatt also maintains offices in Taiwan, San Jose, California, and Houston, Texas, along with operations in Shenzen, China, and design centers in Dallas, Texas, and Bangalore, India. Originally established as GTI Power Systems in 2004, the company rebranded in March 2005 to better reflect its focus on power conversion technologies.

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.
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