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.

Avnish Bajaj

Founder and Managing Director

Tim Barrows

Partner

Diana Kimball Berlin

Partner

Matthew Brown

Partner

Mollie Carter

Marketing Partner

Zhiying Chai

Associate

Heng Deng

Associate

Phyllis Doherty

Administrative Partner

Jingze Feng

Senior Associate

Paul Ferri

Co-Founder

Josh Hannah

General Partner

Leona Hu

Senior Associate

Yuzhou Hu

Associate

Yunqiu Hu

Investment Manager

Jake Jolis

Partner

Zhuyan Li

Vice President

Cui Lin

VP

Zhuang Liu

Director

Patrick Malatack

Partner

Harry Man

Partner

Kojo Osei

Partner

Stan Reiss

Partner

Antonio Rodriguez

Partner

Yibo Shao

Founding Partner

Bo Shao

Founding Managing Partner

David Skok

Partner

Dana Stalder

Partner

Tuong Sing Su

Founding Managing Partner

Ilya Sukhar

Partner

Roger Sun

Director

Andrew Verhalen

Partner

Stella Wang

Director

Bingxing Wang

director

Zhongbao Xia

Investment Manager

Min Xiao

Partner

Kevin Xiong

Partner

Eric Yu

Director

Zhiyun Yu

MD

Ying Zhang

Founding Managing Partner

David Zhang

Founding Managing Partner

Wei Zhou

VP

Joy Zhou

Director

Lingye Zuo

Partner

Past deals in ASIC

BlockSec

Angel Round in 2022
BlockSec focuses on the security of the whole life cycle of smart contracts, digital asset supervision and anti-money laundering, and the security of blockchain architecture based on privacy computing.

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.

Vastai Technologies

Series B in 2021
Vastai Technologies is focused on developing AI chips for the optimization of computer vision and video processing.

API7.ai

Series A in 2021
APISIX is dedicated to building an open source Cloud-Native Microservices API Gateway

Vastai Technologies

Series A in 2021
Vastai Technologies is focused on developing AI chips for the optimization of computer vision and video processing.

Lightmatter

Series B in 2021
Lightmatter, Inc. is an artificial intelligence (AI) hardware company based in Boston, Massachusetts, that specializes in integrated optical technology to develop advanced computing processors. Founded in 2017, the company has created a silicon chip that utilizes light signals for processing, offering a new approach to AI computation. This technology accelerates critical operations in deep neural networks by employing programmable photonic elements alongside traditional transistors, enhancing the speed and efficiency of data processing while minimizing power consumption. Lightmatter's innovations aim to improve various AI applications, including image recognition and natural language processing, contributing to the advancement of next-generation AI-powered computing solutions.

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.

JLSemi

Series B in 2020
JLSemi specializes and excels in high-speed Analog, advanced DSP, and mixed-signal designs. JLSemi is pushing the boundary of Ethernet technology. Innovations in silicon architecture & design coupled with advanced process nodes, its products deliver industry-leading performance in range, resilience, and power consumption.

SENASIC

Series B in 2019
SENASIC is a company based in Shanghai, China, established in 2015, that specializes in the research, development, manufacture, and supply of tire pressure monitoring sensors and other high-performance chips for automotive and industrial IoT applications. Its product lineup includes various tire pressure sensors, such as the SNP729, SNP705, and SNP739, which measure parameters like pressure, temperature, and power supply voltage, as well as the wireless-SNJ306, a sensor ASIC chip equipped with multiple integrated functionalities. SENASIC has developed expertise in low-power microcontrollers, high-precision analog-to-digital converters, and RF transmission, reflecting their commitment to quality and reliability in sensor technology. The company's automotive tire pressure sensors adhere to AEC-Q10 standards, underscoring their focus on meeting automotive industry requirements.

Lightmatter

Series A in 2019
Lightmatter, Inc. is an artificial intelligence (AI) hardware company based in Boston, Massachusetts, that specializes in integrated optical technology to develop advanced computing processors. Founded in 2017, the company has created a silicon chip that utilizes light signals for processing, offering a new approach to AI computation. This technology accelerates critical operations in deep neural networks by employing programmable photonic elements alongside traditional transistors, enhancing the speed and efficiency of data processing while minimizing power consumption. Lightmatter's innovations aim to improve various AI applications, including image recognition and natural language processing, contributing to the advancement of next-generation AI-powered computing solutions.

TokenInsight

Series A in 2018
TokenInsight is a China-based company that specializes in providing data and rating services for cryptocurrency tokens. The firm focuses on delivering accurate and transparent information about cryptocurrency companies through institutional research methodologies. With a comprehensive token database and advanced market research algorithms, TokenInsight aims to serve as an unbiased resource for both individual consumers and professional enterprises. The company's mission is to uphold high standards of reporting in the rapidly evolving cryptocurrency market.

InVault

Angel Round in 2018
InVault is a turn-key Crypto Asset Custodian founded by technical, security, financial, and legal professionals on a global scale. Focusing on institutional clients and qualified investors, InVault provides customizable custody services such as: Decentralized Corporate Wallet, Joint Custody Account, and Segregated Custody Account, which could be applied to a variety of business scenarios, including: Institutional Crypto Custody, Token Fund Custody, Crypto Exchange Custody, and Crypto Loan Collateral Custody.

IronChain Capital

Venture Round in 2018
In 2012, Jonathan Benassaya discovered Bitcoin and blockchain technology through Wences Casares, famed entrepreneur and cryptocurrency advocate. While the notion of cryptocurrency may have seemed outlandish at the time, the technological innovation and potential impact of the blockchain - a worldwide, secure, and distributed system - was nothing short of revolutionary. For the first time in history, a transactional architecture without any physical boundaries or limitations, completely free from governmental oversight or intermediation, was created. In contrast to the birth of Internet, billions of computers and a large communication network already existed, thereby providing the infrastructure for blockchain technology and its native currencies to flourish and thrive. Fast forward to 2017, the digital asset market is experiencing unprecedented and meteoric growth, with application development for the blockchain also occurring at a record pace. The comparisons to the early days of the Internet are not only inevitable, but eerily similar. Reminiscent of the late 1990s, they are embarking on a new world order that is destined to forever change how they view financial services, technology, and governmental involvement. Cryptocurrencies and blockchain technology hold the promise of revolutionizing the global monetary system, just as the Internet permanently altered how they communicate and access information. For the greater population, however this new revolution is challenging to not only understand, but also to participate in. Enter IronChain Capital, a new company focused on a singular and all-important mission: to provide all investors with easy and secure access to the cryptocurrency asset class, on a highly cost-effective and diversified basis.

Lightmatter

Series A in 2018
Lightmatter, Inc. is an artificial intelligence (AI) hardware company based in Boston, Massachusetts, that specializes in integrated optical technology to develop advanced computing processors. Founded in 2017, the company has created a silicon chip that utilizes light signals for processing, offering a new approach to AI computation. This technology accelerates critical operations in deep neural networks by employing programmable photonic elements alongside traditional transistors, enhancing the speed and efficiency of data processing while minimizing power consumption. Lightmatter's innovations aim to improve various AI applications, including image recognition and natural language processing, contributing to the advancement of next-generation AI-powered computing solutions.

Acacia

Series B in 2013
Acacia Communications, Inc. develops, manufactures, and sells high-speed coherent optical interconnect products globally, including markets in the United States, China, Germany, and Thailand. The company offers embedded and pluggable module products that feature optical interconnect modules with transmission speeds ranging from 100 to 1,200 gigabits per second, catering to long-haul, metro, and inter-data center applications. In addition to these modules, Acacia provides semiconductor solutions such as low-power coherent digital signal processor application-specific integrated circuits and silicon photonic integrated circuits, which are integrated into their products. The company markets its offerings through a direct sales force targeting network equipment manufacturers, network operators, and cloud service providers. Founded in 2009, Acacia is headquartered in Maynard, Massachusetts.

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.

Carbon Design Systems

Series E in 2009
Carbon Design Systems, Inc. specializes in virtual prototype solutions that facilitate the development and validation of complex system-on-chip (SoC) designs. The company offers a range of products, including Carbon SoC Designer Plus, which aids in the execution and analysis of virtual system platforms; Carbon Model Studio, which automates the generation and validation of hardware-accurate software models; and Carbon Performance Analysis Kits (CPAK), designed for critical performance modeling of processors, fabric, and memory controllers. Additionally, Carbon Design Systems provides tools for performance optimization, system validation, software execution, and traffic generation and analysis. Their Carbon System Exchange and Carbon IP Exchange further enhance architectural analysis and model management capabilities. Founded in 2002 and based in Acton, Massachusetts, the company serves clients in the systems, semiconductor, and intellectual property sectors, particularly in wireless, networking, and consumer electronics.

Acacia

Series A in 2009
Acacia Communications, Inc. develops, manufactures, and sells high-speed coherent optical interconnect products globally, including markets in the United States, China, Germany, and Thailand. The company offers embedded and pluggable module products that feature optical interconnect modules with transmission speeds ranging from 100 to 1,200 gigabits per second, catering to long-haul, metro, and inter-data center applications. In addition to these modules, Acacia provides semiconductor solutions such as low-power coherent digital signal processor application-specific integrated circuits and silicon photonic integrated circuits, which are integrated into their products. The company markets its offerings through a direct sales force targeting network equipment manufacturers, network operators, and cloud service providers. Founded in 2009, Acacia is headquartered in Maynard, Massachusetts.

Atria Software

Seed Round in 2009
Atria Software is a provider of design engineering services, specializing in medical imaging, multimedia, storage, and networking. The company offers HW/SW intellectual property (IP) products and solutions for multimedia processing and system-on-chip designs. Atria Software was founded in 2008.

Acacia

Seed Round in 2009
Acacia Communications, Inc. develops, manufactures, and sells high-speed coherent optical interconnect products globally, including markets in the United States, China, Germany, and Thailand. The company offers embedded and pluggable module products that feature optical interconnect modules with transmission speeds ranging from 100 to 1,200 gigabits per second, catering to long-haul, metro, and inter-data center applications. In addition to these modules, Acacia provides semiconductor solutions such as low-power coherent digital signal processor application-specific integrated circuits and silicon photonic integrated circuits, which are integrated into their products. The company markets its offerings through a direct sales force targeting network equipment manufacturers, network operators, and cloud service providers. Founded in 2009, Acacia is headquartered in Maynard, Massachusetts.

Carbon Design Systems

Series E in 2008
Carbon Design Systems, Inc. specializes in virtual prototype solutions that facilitate the development and validation of complex system-on-chip (SoC) designs. The company offers a range of products, including Carbon SoC Designer Plus, which aids in the execution and analysis of virtual system platforms; Carbon Model Studio, which automates the generation and validation of hardware-accurate software models; and Carbon Performance Analysis Kits (CPAK), designed for critical performance modeling of processors, fabric, and memory controllers. Additionally, Carbon Design Systems provides tools for performance optimization, system validation, software execution, and traffic generation and analysis. Their Carbon System Exchange and Carbon IP Exchange further enhance architectural analysis and model management capabilities. Founded in 2002 and based in Acton, Massachusetts, the company serves clients in the systems, semiconductor, and intellectual property sectors, particularly in wireless, networking, and consumer electronics.

Carbon Design Systems

Series D in 2007
Carbon Design Systems, Inc. specializes in virtual prototype solutions that facilitate the development and validation of complex system-on-chip (SoC) designs. The company offers a range of products, including Carbon SoC Designer Plus, which aids in the execution and analysis of virtual system platforms; Carbon Model Studio, which automates the generation and validation of hardware-accurate software models; and Carbon Performance Analysis Kits (CPAK), designed for critical performance modeling of processors, fabric, and memory controllers. Additionally, Carbon Design Systems provides tools for performance optimization, system validation, software execution, and traffic generation and analysis. Their Carbon System Exchange and Carbon IP Exchange further enhance architectural analysis and model management capabilities. Founded in 2002 and based in Acton, Massachusetts, the company serves clients in the systems, semiconductor, and intellectual property sectors, particularly in wireless, networking, and consumer electronics.

Ambarella

Series C in 2006
Ambarella is a technology company that specializes in developing semiconductor processing solutions for high-definition video capture, sharing, and display. Its innovative system-on-a-chip designs integrate video processing, image processing, computer vision, and audio processing functionalities, enabling exceptional video and image quality while maintaining low power consumption. The company's products are utilized in various applications, including wearable cameras, automotive cameras, drones, virtual reality devices, and Internet Protocol security cameras for both professional and home use. Ambarella primarily sells its solutions to original design manufacturers and original equipment manufacturers, utilizing both direct sales and distribution channels. Founded in 2004 and headquartered in Santa Clara, California, the company has a significant market presence in Taiwan, as well as in Asia Pacific, Europe, and North America.

Carbon Design Systems

Series C in 2005
Carbon Design Systems, Inc. specializes in virtual prototype solutions that facilitate the development and validation of complex system-on-chip (SoC) designs. The company offers a range of products, including Carbon SoC Designer Plus, which aids in the execution and analysis of virtual system platforms; Carbon Model Studio, which automates the generation and validation of hardware-accurate software models; and Carbon Performance Analysis Kits (CPAK), designed for critical performance modeling of processors, fabric, and memory controllers. Additionally, Carbon Design Systems provides tools for performance optimization, system validation, software execution, and traffic generation and analysis. Their Carbon System Exchange and Carbon IP Exchange further enhance architectural analysis and model management capabilities. Founded in 2002 and based in Acton, Massachusetts, the company serves clients in the systems, semiconductor, and intellectual property sectors, particularly in wireless, networking, and consumer electronics.

Sandburst

Series E in 2005
Sandburst Corporation is a fabless semiconductor company specializing in advanced technology for designing complex integrated circuits. The company focuses on developing very large-scale integration (VLSI) solutions aimed at data communications and IP networking. Sandburst's innovative wire-speed IP packet processing components enable the creation of high-performance systems while significantly reducing development costs and accelerating time-to-market for its customers. By providing tailored semiconductor solutions for scalable packet switching and routing systems, Sandburst positions itself as a key player in the communications and data networking markets.

Ambarella

Series B in 2004
Ambarella is a technology company that specializes in developing semiconductor processing solutions for high-definition video capture, sharing, and display. Its innovative system-on-a-chip designs integrate video processing, image processing, computer vision, and audio processing functionalities, enabling exceptional video and image quality while maintaining low power consumption. The company's products are utilized in various applications, including wearable cameras, automotive cameras, drones, virtual reality devices, and Internet Protocol security cameras for both professional and home use. Ambarella primarily sells its solutions to original design manufacturers and original equipment manufacturers, utilizing both direct sales and distribution channels. Founded in 2004 and headquartered in Santa Clara, California, the company has a significant market presence in Taiwan, as well as in Asia Pacific, Europe, and North America.

Carbon Design Systems

Series B in 2004
Carbon Design Systems, Inc. specializes in virtual prototype solutions that facilitate the development and validation of complex system-on-chip (SoC) designs. The company offers a range of products, including Carbon SoC Designer Plus, which aids in the execution and analysis of virtual system platforms; Carbon Model Studio, which automates the generation and validation of hardware-accurate software models; and Carbon Performance Analysis Kits (CPAK), designed for critical performance modeling of processors, fabric, and memory controllers. Additionally, Carbon Design Systems provides tools for performance optimization, system validation, software execution, and traffic generation and analysis. Their Carbon System Exchange and Carbon IP Exchange further enhance architectural analysis and model management capabilities. Founded in 2002 and based in Acton, Massachusetts, the company serves clients in the systems, semiconductor, and intellectual property sectors, particularly in wireless, networking, and consumer electronics.

Sandburst

Series C in 2004
Sandburst Corporation is a fabless semiconductor company specializing in advanced technology for designing complex integrated circuits. The company focuses on developing very large-scale integration (VLSI) solutions aimed at data communications and IP networking. Sandburst's innovative wire-speed IP packet processing components enable the creation of high-performance systems while significantly reducing development costs and accelerating time-to-market for its customers. By providing tailored semiconductor solutions for scalable packet switching and routing systems, Sandburst positions itself as a key player in the communications and data networking markets.

Sandburst

Series B in 2001
Sandburst Corporation is a fabless semiconductor company specializing in advanced technology for designing complex integrated circuits. The company focuses on developing very large-scale integration (VLSI) solutions aimed at data communications and IP networking. Sandburst's innovative wire-speed IP packet processing components enable the creation of high-performance systems while significantly reducing development costs and accelerating time-to-market for its customers. By providing tailored semiconductor solutions for scalable packet switching and routing systems, Sandburst positions itself as a key player in the communications and data networking markets.

Sandburst

Series A in 2000
Sandburst Corporation is a fabless semiconductor company specializing in advanced technology for designing complex integrated circuits. The company focuses on developing very large-scale integration (VLSI) solutions aimed at data communications and IP networking. Sandburst's innovative wire-speed IP packet processing components enable the creation of high-performance systems while significantly reducing development costs and accelerating time-to-market for its customers. By providing tailored semiconductor solutions for scalable packet switching and routing systems, Sandburst positions itself as a key player in the communications and data networking markets.

Sandburst

Seed Round in 2000
Sandburst Corporation is a fabless semiconductor company specializing in advanced technology for designing complex integrated circuits. The company focuses on developing very large-scale integration (VLSI) solutions aimed at data communications and IP networking. Sandburst's innovative wire-speed IP packet processing components enable the creation of high-performance systems while significantly reducing development costs and accelerating time-to-market for its customers. By providing tailored semiconductor solutions for scalable packet switching and routing systems, Sandburst positions itself as a key player in the communications and data networking markets.

ArrowPoint Communications

Series B in 1998
ArrowPoint Communications is a provider of content switches that optimize the delivery of web content. ArrowPoint's products will provide a new level of intelligence that will enable ISPs, Web hosting companies and other customers to create a faster, more reliable Web experience, and its services can direct traffic based on information such as the content being requested and the frequency of the content request.

ArrowPoint Communications

Series A in 1997
ArrowPoint Communications is a provider of content switches that optimize the delivery of web content. ArrowPoint's products will provide a new level of intelligence that will enable ISPs, Web hosting companies and other customers to create a faster, more reliable Web experience, and its services can direct traffic based on information such as the content being requested and the frequency of the content request.

Xilinx

Pre Seed Round in 1984
Xilinx engages in the design, development, and marketing of programmable logic solutions. Xilinx is the inventor of the FPGA, programmable SoCs, and now, the ACAP. Their highly-flexible programmable silicon, enabled by a suite of advanced software and tools, drives rapid innovation across a wide span of industries and technologies - from consumer to cars to the cloud. Xilinx delivers dynamic processing technology in the industry, enabling rapid innovation with its adaptable, intelligent computing.