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.
JLSemi is a company focused on the development of high-speed Ethernet communication chips, specializing in gigabit Ethernet analog and system-on-chip (SoC) semiconductors. The firm excels in high-speed analog, advanced digital signal processing (DSP), and mixed-signal designs, pushing the boundaries of Ethernet technology. By leveraging innovations in silicon architecture and design along with advanced process nodes, JLSemi delivers products that offer industry-leading performance in terms of range, resilience, and power consumption. Its advanced connectivity solutions cater to various industries, positioning the company as a key player in the fast-speed communication market.
Guangzhou Asensing Electronics Co., Ltd. specializes in the development of inertial navigation and optoelectronic technology solutions. Founded in 2014 and based in Guangzhou, China, the company offers a range of products including vertical gyros, inertial measurement units, attitude heading reference systems, and GPS/INS integrated navigation systems. These products are utilized across various sectors such as aerospace, marine, and industrial applications, serving customers in the fields of aircraft, ships, robots, and somatosensory terminals. In addition to standard offerings, Asensing provides customized solutions, particularly in the areas of UAV platforms and night vision technology. The company's advanced inertial and optoelectronic products enhance dynamic attitude measurement, motion control, and positioning algorithms, contributing to safer and more precise navigation systems.
CTRL-labs Corporation, founded in 2015 and based in New York City, is at the forefront of developing non-invasive neural interface technology. The company's flagship product, the CTRL-kit, is a wireless electromyography device that translates neural signals into control, enabling users to interact with digital devices through a wristband equipped with sensors. This technology aims to enhance immersion and control in areas such as virtual reality, augmented reality, robotics, and productivity. By providing developers with a software development kit (SDK) and application programming interface (API), CTRL-labs facilitates the integration of neural control into various applications. The company's long-term vision is to enable widespread consumer adoption of this technology, creating a new universal controller that allows individuals to use their thoughts and movements to operate machines seamlessly.
NASN Automotive Electronics is committed to providing advanced and complete chassis electronic control products, ADAS and autonomous driving related core technologies for the Chinese automotive market. The main products include NBooster intelligent brake system, brushless electric steering EPS controller and wire control system. It is a scientific and technological innovation enterprise integrating R&D, production and sales.
PayRange Inc. is a company that specializes in mobile payment solutions for automated retail, particularly in vending machines, laundries, and amusement devices. Founded in 2013 and headquartered in Portland, Oregon, PayRange offers a device called BluKey, which can be easily installed in machines to enable mobile payment via Bluetooth. The installation process requires no tools and can be completed in under a minute, making it accessible for operators. The system consists of low-cost hardware, a free mobile application, and back-end services that facilitate seamless payment processing. Designed to simplify transactions for consumers, the PayRange platform allows users to make payments using their smartphones while ensuring that credit card processing is managed by a PCI compliant provider.
CTRL-labs Corporation, founded in 2015 and based in New York City, is at the forefront of developing non-invasive neural interface technology. The company's flagship product, the CTRL-kit, is a wireless electromyography device that translates neural signals into control, enabling users to interact with digital devices through a wristband equipped with sensors. This technology aims to enhance immersion and control in areas such as virtual reality, augmented reality, robotics, and productivity. By providing developers with a software development kit (SDK) and application programming interface (API), CTRL-labs facilitates the integration of neural control into various applications. The company's long-term vision is to enable widespread consumer adoption of this technology, creating a new universal controller that allows individuals to use their thoughts and movements to operate machines seamlessly.
Chengdu XGimi Technology Co., Ltd. is a manufacturer based in Chengdu, China, specializing in high-performance smart projectors and laser TVs. Established in 2012, the company develops a range of products, including the XGIMI MoGo, XGIMI MoGo Pro, XGIMI Halo, and XGIMI H2 Global Version SCREENLESS TV, along with various accessories. XGimi's projectors are designed to offer high-definition viewing experiences and are often equipped with features such as embedded Android operating systems and three-dimensional viewing capabilities. The company's mission focuses on creating accessible and innovative giant-screen projection solutions for consumers worldwide.
PayRange Inc. is a company that specializes in mobile payment solutions for automated retail, particularly in vending machines, laundries, and amusement devices. Founded in 2013 and headquartered in Portland, Oregon, PayRange offers a device called BluKey, which can be easily installed in machines to enable mobile payment via Bluetooth. The installation process requires no tools and can be completed in under a minute, making it accessible for operators. The system consists of low-cost hardware, a free mobile application, and back-end services that facilitate seamless payment processing. Designed to simplify transactions for consumers, the PayRange platform allows users to make payments using their smartphones while ensuring that credit card processing is managed by a PCI compliant provider.
CTRL-labs Corporation, founded in 2015 and based in New York City, is at the forefront of developing non-invasive neural interface technology. The company's flagship product, the CTRL-kit, is a wireless electromyography device that translates neural signals into control, enabling users to interact with digital devices through a wristband equipped with sensors. This technology aims to enhance immersion and control in areas such as virtual reality, augmented reality, robotics, and productivity. By providing developers with a software development kit (SDK) and application programming interface (API), CTRL-labs facilitates the integration of neural control into various applications. The company's long-term vision is to enable widespread consumer adoption of this technology, creating a new universal controller that allows individuals to use their thoughts and movements to operate machines seamlessly.
PayRange Inc. is a company that specializes in mobile payment solutions for automated retail, particularly in vending machines, laundries, and amusement devices. Founded in 2013 and headquartered in Portland, Oregon, PayRange offers a device called BluKey, which can be easily installed in machines to enable mobile payment via Bluetooth. The installation process requires no tools and can be completed in under a minute, making it accessible for operators. The system consists of low-cost hardware, a free mobile application, and back-end services that facilitate seamless payment processing. Designed to simplify transactions for consumers, the PayRange platform allows users to make payments using their smartphones while ensuring that credit card processing is managed by a PCI compliant provider.
ETCP is the world's leading brand of intelligent parking industry, the wisdom of China's parking industry, founder and leader. Under the care and guidance of the relevant ministries and commissions of the state, Beijing Yuechang Technology Co., Ltd. was established in Beijing in 2012 with the guidance of the Chinese Government's strategy of building a smart city to enhance the urban public service management capability. The Group is headquartered in Beijing CBD Business, in the United States, Hong Kong and China a second-tier cities with core (sub) nearly 20 companies, holding and equity participation in more than 10 industry-related enterprises, the size of thousands of employees, enterprise market value of more than 4 billion yuan.
Eqingdan (“The List”) is a life style product guide similar to “Consumer Reports” for the uprising middle class Chinese who want better high-quality of life experience. Currently, “The List” has been launched on various hardware and content platforms, such as PC, Apps and Wechat Public account. Eqingdan is growing at an impressive speed with millions of users. The company leverages user-generated content within its editorial media to enhance content coverage and viewpoint while maintaining its authentic and enriched commercial guides.
Vargo (Shanghai) Co., Ltd. operates as an Internet company, which provides mobile data secure transmission and storage solutions to its users. It offers security system, which includes software and hardware products such as Vargo Kaifan 2, Vargo Zhuo Yue 2, 24 inch i5/i7 programmer, 24 inch i3 business office, 34 inch one machine, Vargo box, Mobile phone, Mobile Power, bluetooth headset, VagoVE102 Rui Feng BI Vargo, Vargo wireless keyboard; and Zhuo Yue os, and Kai Fan os. It also offers cloud and after sale services. The company was founded in 2012 and is based in Shanghai, China.
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 Corporation is an internet company based in Beijing that specializes in the manufacture and distribution of smartphones, consumer electronics, and internet services. Founded in 2010, Xiaomi operates through several segments, including Smartphones, IoT and Lifestyle Products, Internet Services, and Others. The Smartphones segment focuses on selling a range of mobile devices, while the IoT and Lifestyle Products segment includes smart TVs, laptops, AI speakers, and various lifestyle items. The Internet Services segment offers advertising and value-added services, and the Others segment provides hardware repair services. Xiaomi aims to create a comprehensive user experience by integrating user feedback into product design and continuously innovating its offerings. It also engages in wholesale and retail activities, software and hardware development, and operates retail stores and service centers in multiple countries, including India, Russia, and various European nations. The company's commitment to providing high-quality products at competitive prices has fostered a loyal customer base both in China and internationally.
ConvenientPower HK Limited specializes in the design and development of wireless power applications tailored for mobile electronics users. The company offers wireless QI charging pads compatible with QI-certified receiver devices, available through retail outlets. Founded in 2006 and located in Shatin, Hong Kong, ConvenientPower HK has established strategic alliances with notable corporations, including Philips & Lite-On Digital Solutions Corp and ON Semiconductor Corporation.
ConvenientPower HK Limited specializes in the design and development of wireless power applications tailored for mobile electronics users. The company offers wireless QI charging pads compatible with QI-certified receiver devices, available through retail outlets. Founded in 2006 and located in Shatin, Hong Kong, ConvenientPower HK has established strategic alliances with notable corporations, including Philips & Lite-On Digital Solutions Corp and ON Semiconductor Corporation.
EDAN Instruments, Inc. is a distributor of professional medical electronic instruments with self-managing import and export rights. The company is focused on the research and development of medical electronic instruments while also manufacturing, commercializing, and providing other related services. There are many doctors, returnees, postgraduates, and undergraduates from famous universities who work from local homes and abroad for the company. It also has experienced senior and professional engineers working in-house. With an annual growth rate of nearly 50%, EDAN Instruments has maintained stable development. EDAN Instruments was established in 2002.
Euclid Media has developed a technology for brand placements inserted directly into video after they have been produced. This digital insertion technology allows advertisement graphics (such as logos or billboards) be inserted long after a video has been published.
TimeLab Corp. develops and supplies integrated digital semiconductors. It provides timing processor units that generate clock signals in electronic products. TimeLab Corp. was founded in 2001 and is based in Andover, Massachusetts.
RealChip Communications
Series B in 2001
RealChip Communications is a Electronics/Chips & Semiconductors company based in Sunnyvale, California. RealChip Communications' investors include Matrix Partners and Comstellar Technologies. RealChip Communications Inc. went out of business as per its Chapter 7 liquidation filing under bankruptcy.
Cascade Communications
Venture Round in 1992
Cascade Communications Corp. offers development, manufacture, marketing, and support of a family of multi service wide area network switches.
SanDisk LLC is a multinational corporation that specializes in designing, developing, manufacturing, and marketing data storage solutions globally. The company offers a wide range of products, including solid state drives (SSDs) for client computing, removable cards for digital cameras and smartphones, and embedded products for mobile devices and automotive applications. Its SSDs are available in various brands such as SanDisk Ultra II, SanDisk Extreme, and SanDisk Extreme PRO, catering to both consumer and enterprise markets. Additionally, SanDisk provides universal serial bus flash drives, digital media players under the Sansa brand, and wireless media products. The company distributes its products through multiple channels, including direct sales, original equipment manufacturers, and various retail outlets, ensuring a broad market reach. Founded in 1988 and headquartered in Milpitas, California, SanDisk operates as a subsidiary of Western Digital Corporation.
Xilinx, Inc. designs and develops programmable devices and associated technologies for a global market. The company specializes in integrated circuits, including programmable logic devices, programmable system on chips, and adaptive compute acceleration platforms. Xilinx also provides software design tools, development kits, and hardware solutions to support various applications across industries such as data centers, aerospace, automotive, and consumer electronics. In addition to its core products, Xilinx offers technical support, customer training, and a range of intellectual property licenses for key interfaces and domain-specific applications. The company markets its solutions through a network of distributors and direct sales to original equipment manufacturers. Founded in 1984 and headquartered in San Jose, California, Xilinx also has a venture capital arm, Xilinx Technology Ventures, which invests in startups and growing companies within the programmable logic ecosystem, focusing on technology advancements across multiple sectors.
Apple is a multinational corporation based in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. The company designs, manufactures, and markets a wide range of consumer electronics, including smartphones, computers, and media devices, along with related software and online services. Its flagship products include the iPhone, iPad, Mac, and Apple Watch, all of which are integrated into a cohesive ecosystem that enhances user experience. Apple is recognized for its innovation, particularly with the introduction of the Macintosh, the first widely sold personal computer with a graphical user interface. The company sells its products through various channels, including retail stores, online platforms, and third-party retailers, reaching customers globally. Apple also develops its own software and semiconductors, collaborating with subcontractors for manufacturing. Over the years, it has expanded its offerings to include services like streaming video and subscription bundles, continuing to shape its reputation as a leader in technology and design.
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