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 Hardware

MetaX

Series B in 2022
Developer of graphics chips, processors, and semiconductor technology designed for advanced GPU power. The company is mainly engaged in developing advanced GPU chips used in various fields including high-end PCs, data centers, and workstations, providing users with advanced GPU power at a fair cost.

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.

Hookdeck

Seed Round in 2022
Hookdeck is a platform that provides developers with tools to manage webhooks efficiently and reliably. It offers a comprehensive infrastructure that allows users to handle various use cases, including e-commerce, integrations, and automation workflows, all without requiring code changes or extensive onboarding processes. The platform features capabilities such as persistent and unlimited URLs, as well as tools for inspection, troubleshooting, and bookmarking, enabling developers to enhance the reliability and testability of their webhooks. By streamlining the webhook management process, Hookdeck helps save time and improve overall workflow for developers across different industries.

RightHand Robotics

Series C in 2022
RightHand Robotics, Inc. specializes in manufacturing robotic order-picking systems designed for various industrial applications, including e-commerce, food handling, and flexible manufacturing. The company offers innovative products such as the ReFlex SF, which features a 3D-printed palm equipped with servos and compliant fingers, and the ReFlex TakkTile, a tactile sensor that enhances the robots' ability to grasp items gently and make adjustments to avoid errors. Their technology allows robots to automatically grasp a wide range of items from bins and cases, eliminating the need for extensive data-entry or parameter-tuning, thereby making the systems cost-effective and adaptable to the evolving needs of businesses. Founded in 2015, RightHand Robotics is headquartered in Cambridge, Massachusetts, with a sales and business development office located in Frankfurt, Germany.

Trifo

Series C in 2021
Trifo designs and manufactures hardware system with sensing, perception, and decision capabilities. The company also develops software for hardware system which enables people organize and interact with home environments along with Software Development Kit (SDK) for integrating company's product into user projects. Trifo was founded in 2016 and is headquartered in Santa Clara, California with additional offices in Shenzhen and Beijing, China.

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.

Huicang Technology

Series A in 2021
Based on the core technology of high-speed three-dimensional warehousing automation, Huicang Technology focuses on two innovative product lines of standardized and modular high-speed three-dimensional storage and sorting. The company was co-founded by two American professors in the field of robotics and real-time control. The core team has gathered elites in logistics equipment, warehousing operations and other industries, with strong independent research and development strength and perfect production and implementation capabilities. Huicang products are widely used in manufacturing, distribution and terminals. With the outstanding advantages of "saving people and land, and taking both measures", it can save more than 70% of labor and land occupation. Huicang products have the remarkable characteristics of rapid implementation and flexible relocation, and provide customers with warehouse automation solutions with high input-output ratio and high flexibility.

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.

MetaX

Seed Round in 2021
Developer of graphics chips, processors, and semiconductor technology designed for advanced GPU power. The company is mainly engaged in developing advanced GPU chips used in various fields including high-end PCs, data centers, and workstations, providing users with advanced GPU power at a fair cost.

Snapmaker

Series A in 2021
Snapmaker Inc., founded in 2016 and based in China, offers an integrated platform that enables users to create through 3D printing, laser engraving, and CNC carving. The company designs modular 3D printers that transform desktop spaces into versatile workshops. These all-metal printers are user-friendly for beginners while remaining expandable for more experienced makers. By providing an accessible and affordable solution, Snapmaker empowers individuals to engage in creative projects with ease.

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.

Hok Bee

Series A in 2021
Developer of a furniture e-commerce platform. The company operates both online and offline, providing customers around China with convenient and efficient furniture ordering & delivery services.

JLSemi

Series B in 2020
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.

Trifo

Series B in 2020
Trifo designs and manufactures hardware system with sensing, perception, and decision capabilities. The company also develops software for hardware system which enables people organize and interact with home environments along with Software Development Kit (SDK) for integrating company's product into user projects. Trifo was founded in 2016 and is headquartered in Santa Clara, California with additional offices in Shenzhen and Beijing, China.

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.

RightHand Robotics

Series B in 2018
RightHand Robotics, Inc. specializes in manufacturing robotic order-picking systems designed for various industrial applications, including e-commerce, food handling, and flexible manufacturing. The company offers innovative products such as the ReFlex SF, which features a 3D-printed palm equipped with servos and compliant fingers, and the ReFlex TakkTile, a tactile sensor that enhances the robots' ability to grasp items gently and make adjustments to avoid errors. Their technology allows robots to automatically grasp a wide range of items from bins and cases, eliminating the need for extensive data-entry or parameter-tuning, thereby making the systems cost-effective and adaptable to the evolving needs of businesses. Founded in 2015, RightHand Robotics is headquartered in Cambridge, Massachusetts, with a sales and business development office located in Frankfurt, Germany.

Trifo

Series A in 2018
Trifo designs and manufactures hardware system with sensing, perception, and decision capabilities. The company also develops software for hardware system which enables people organize and interact with home environments along with Software Development Kit (SDK) for integrating company's product into user projects. Trifo was founded in 2016 and is headquartered in Santa Clara, California with additional offices in Shenzhen and Beijing, China.

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.

Trifo

Series A in 2017
Trifo designs and manufactures hardware system with sensing, perception, and decision capabilities. The company also develops software for hardware system which enables people organize and interact with home environments along with Software Development Kit (SDK) for integrating company's product into user projects. Trifo was founded in 2016 and is headquartered in Santa Clara, California with additional offices in Shenzhen and Beijing, China.

RightHand Robotics

Series A in 2017
RightHand Robotics, Inc. specializes in manufacturing robotic order-picking systems designed for various industrial applications, including e-commerce, food handling, and flexible manufacturing. The company offers innovative products such as the ReFlex SF, which features a 3D-printed palm equipped with servos and compliant fingers, and the ReFlex TakkTile, a tactile sensor that enhances the robots' ability to grasp items gently and make adjustments to avoid errors. Their technology allows robots to automatically grasp a wide range of items from bins and cases, eliminating the need for extensive data-entry or parameter-tuning, thereby making the systems cost-effective and adaptable to the evolving needs of businesses. Founded in 2015, RightHand Robotics is headquartered in Cambridge, Massachusetts, with a sales and business development office located in Frankfurt, Germany.

Haomuduo

Series A in 2015
Haomuduo Network Technology Co., Ltd is a China-based company that operates an online business-to-business (B2B) trading platform focused on the sale and distribution of building materials, particularly wood products related to construction. By connecting suppliers and buyers in the construction industry, Haomuduo facilitates efficient transactions and sourcing of essential materials for various construction projects.

Vargo

Angel Round in 2014
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.

Xiaomi

Series C in 2012
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.

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.

Solidcore Systems

Series E in 2008
Solidcore Systems, Inc. specializes in change control software designed for information technology infrastructures. The company provides solutions for change audit and configuration control, which help organizations enhance IT service availability and ensure regulatory compliance. Its key products include S3 Control, a comprehensive solution that streamlines the management of IT changes, and S3 Control Embedded, which enables original equipment manufacturers to secure and control devices, particularly those operating on the Windows platform. Founded in 2002 and headquartered in Cupertino, California, Solidcore Systems also has regional offices in major cities worldwide, including London, Tokyo, Delhi, Chicago, New York, Toronto, and Vancouver. As of June 2009, the company operates as a subsidiary of McAfee, Inc.

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.

Solidcore Systems

Series D in 2007
Solidcore Systems, Inc. specializes in change control software designed for information technology infrastructures. The company provides solutions for change audit and configuration control, which help organizations enhance IT service availability and ensure regulatory compliance. Its key products include S3 Control, a comprehensive solution that streamlines the management of IT changes, and S3 Control Embedded, which enables original equipment manufacturers to secure and control devices, particularly those operating on the Windows platform. Founded in 2002 and headquartered in Cupertino, California, Solidcore Systems also has regional offices in major cities worldwide, including London, Tokyo, Delhi, Chicago, New York, Toronto, and Vancouver. As of June 2009, the company operates as a subsidiary of McAfee, Inc.

Solidcore Systems

Series C in 2006
Solidcore Systems, Inc. specializes in change control software designed for information technology infrastructures. The company provides solutions for change audit and configuration control, which help organizations enhance IT service availability and ensure regulatory compliance. Its key products include S3 Control, a comprehensive solution that streamlines the management of IT changes, and S3 Control Embedded, which enables original equipment manufacturers to secure and control devices, particularly those operating on the Windows platform. Founded in 2002 and headquartered in Cupertino, California, Solidcore Systems also has regional offices in major cities worldwide, including London, Tokyo, Delhi, Chicago, New York, Toronto, and Vancouver. As of June 2009, the company operates as a subsidiary of McAfee, Inc.

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.

Solidcore Systems

Series B in 2005
Solidcore Systems, Inc. specializes in change control software designed for information technology infrastructures. The company provides solutions for change audit and configuration control, which help organizations enhance IT service availability and ensure regulatory compliance. Its key products include S3 Control, a comprehensive solution that streamlines the management of IT changes, and S3 Control Embedded, which enables original equipment manufacturers to secure and control devices, particularly those operating on the Windows platform. Founded in 2002 and headquartered in Cupertino, California, Solidcore Systems also has regional offices in major cities worldwide, including London, Tokyo, Delhi, Chicago, New York, Toronto, and Vancouver. As of June 2009, the company operates as a subsidiary of McAfee, Inc.

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.

Solidcore Systems

Series A in 2003
Solidcore Systems, Inc. specializes in change control software designed for information technology infrastructures. The company provides solutions for change audit and configuration control, which help organizations enhance IT service availability and ensure regulatory compliance. Its key products include S3 Control, a comprehensive solution that streamlines the management of IT changes, and S3 Control Embedded, which enables original equipment manufacturers to secure and control devices, particularly those operating on the Windows platform. Founded in 2002 and headquartered in Cupertino, California, Solidcore Systems also has regional offices in major cities worldwide, including London, Tokyo, Delhi, Chicago, New York, Toronto, and Vancouver. As of June 2009, the company operates as a subsidiary of McAfee, Inc.

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.

Spring Tide

Series C in 2000
Spring Tide is a Texas-based computer hardware company.

Alteon Websystems

Venture Round in 1999
Alteon Websystems is a computer network hardware company that provides internet infrastructure solutions enabling e-businesses to meet their increasing demands. The company’s portfolio of web data center products includes switches, server adapters, and software that are optimized to meet the specific challenges of managing web application traffic and provide high performance network infrastructure solutions. Alteo Websystems was founded in 1996 and is headquartered in San Jose, California.

Xilinx

Pre Seed Round in 1984
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

Seed Round in 1977
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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