Matrix

Matrix Partners, established in 1977, is a prominent venture capital firm headquartered in San Francisco, California. The firm focuses on early-stage and early-growth investments, partnering with entrepreneurs to build significant, industry-leading companies. With a global perspective and local expertise, Matrix combines the insights of former entrepreneurs and experienced investors to guide its portfolio companies. The firm has a proven track record, having invested in over 500 companies, with 50 going public and 75 achieving profitable M&A exits. Notable investments include Baidu, Apple, and Oculus. Matrix invests across various sectors, including applied AI, B2B SaaS, digital health, and sustainable-defined hardware.

Ben Altshuler

Partner

Timothy Barrows

General Partner

Diana Kimball Berlin

Partner

Phyllis Doherty

Administrative Partner

Paul Ferri

Co-Founder

Wan Haoji

Partner

Kun Qian

Managing Director

Stan Reiss

General Partner

Brian Ru

Venture Partner

Bo Shao

Founding Managing Partner

Paul Sherer

Venture Partner

David Skok

General Partner

David Su

Founding Managing Partner

Ilya Sukhar

Partner

Sun Linghao

Managing Partner

Tong Ti

Vice President

Kevin Xiong

Partner

Eric YU

Director

Past deals in Smart Cities

Flock Safety

Series F in 2025
Flock Safety is a company that specializes in security solutions through the use of automated license plate recognition (ALPR) cameras. Its primary product, the ALPR camera system, is designed for use by neighborhoods, law enforcement agencies, and businesses to capture and analyze vehicle license plates. This technology aids in both preventing and solving crimes by providing actionable data to local authorities. Flock Safety's platform emphasizes community collaboration, integrating efforts from cities, businesses, schools, and law enforcement to enhance public safety. The company's full-service, maintenance-free technology is trusted by various communities as a means to deter crime and promote a safer environment for residents. Additionally, the system proactively alerts police when stolen vehicles enter monitored areas, enabling faster response and community involvement in crime prevention.

U Power

Series B in 2023
U Power is an intelligent electric vehicle company based in Xuhui District, Shanghai, China. Founded in 2021, the company focuses on developing vehicles tailored for specific scenarios, allowing clients to customize cars through its standardized UP super chassis. U Power aims to facilitate the implementation of Car as a Service (CaaS) capabilities, empowering clients to integrate automotive solutions into their projects effectively.

MetaX

Series B in 2022
Muxi is dedicated to providing full-stack GPU chips and heterogeneous computing solutions that can be widely used in cutting-edge fields such as artificial intelligence, smart cities, data centers, cloud computing, autonomous driving, digital twins, metaverse, and so on. It builds full-stack GPU chip products, launching MXN series GPUs (Xi Si) for AI reasoning, MXC series GPUs (Xi Yun) for AI training and general computing, and MXG series GPUs (Xi Cai) for graphics rendering, Meet the computing power requirements of data centers for "high energy efficiency" and "high versatility". Mu Xi's products all use independently developed GPU IP, have instruction sets and architectures with completely independent intellectual property rights, and are outfitted with a complete software stack (MACAMACA) compatible with mainstream GPU ecosystems. In September 2020, the company was founded in Shanghai, and it has wholly-owned subsidiaries and R&D centers in Beijing, Nanjing, Chengdu, Hangzhou, Shenzhen, and Wuhan.

CYGNUSEMI

Series A in 2022
Cygnus Semi is a semiconductor chip technology company that specializes in developing solutions for 5G Internet-of-Things (IoT) applications. The company focuses on creating advanced connectivity capabilities for smart devices and smart cities. Its products are designed to enhance the performance of electronic devices, allowing manufacturers to integrate high-quality chip technology into their smart products. Through its innovations, Cygnus Semi aims to support the growing demand for enhanced connectivity in various sectors.

Flock Safety

Series E in 2022
Flock Safety is a company that specializes in security solutions through the use of automated license plate recognition (ALPR) cameras. Its primary product, the ALPR camera system, is designed for use by neighborhoods, law enforcement agencies, and businesses to capture and analyze vehicle license plates. This technology aids in both preventing and solving crimes by providing actionable data to local authorities. Flock Safety's platform emphasizes community collaboration, integrating efforts from cities, businesses, schools, and law enforcement to enhance public safety. The company's full-service, maintenance-free technology is trusted by various communities as a means to deter crime and promote a safer environment for residents. Additionally, the system proactively alerts police when stolen vehicles enter monitored areas, enabling faster response and community involvement in crime prevention.

Flock Safety

Series D in 2021
Flock Safety is a company that specializes in security solutions through the use of automated license plate recognition (ALPR) cameras. Its primary product, the ALPR camera system, is designed for use by neighborhoods, law enforcement agencies, and businesses to capture and analyze vehicle license plates. This technology aids in both preventing and solving crimes by providing actionable data to local authorities. Flock Safety's platform emphasizes community collaboration, integrating efforts from cities, businesses, schools, and law enforcement to enhance public safety. The company's full-service, maintenance-free technology is trusted by various communities as a means to deter crime and promote a safer environment for residents. Additionally, the system proactively alerts police when stolen vehicles enter monitored areas, enabling faster response and community involvement in crime prevention.

MetaX

Seed Round in 2021
Muxi is dedicated to providing full-stack GPU chips and heterogeneous computing solutions that can be widely used in cutting-edge fields such as artificial intelligence, smart cities, data centers, cloud computing, autonomous driving, digital twins, metaverse, and so on. It builds full-stack GPU chip products, launching MXN series GPUs (Xi Si) for AI reasoning, MXC series GPUs (Xi Yun) for AI training and general computing, and MXG series GPUs (Xi Cai) for graphics rendering, Meet the computing power requirements of data centers for "high energy efficiency" and "high versatility". Mu Xi's products all use independently developed GPU IP, have instruction sets and architectures with completely independent intellectual property rights, and are outfitted with a complete software stack (MACAMACA) compatible with mainstream GPU ecosystems. In September 2020, the company was founded in Shanghai, and it has wholly-owned subsidiaries and R&D centers in Beijing, Nanjing, Chengdu, Hangzhou, Shenzhen, and Wuhan.

Poi-Tech

Series A in 2021
Poi-Tech is an industrial Internet company that focuses on enhancing innovation and competitiveness for advanced sectors such as paper, ceramics, cement, glass, and food. The company utilizes an intelligent information platform that leverages Internet of Things (IoT), cloud computing, and big data technologies to deliver data analysis and application services. With a commitment to independent innovation and a foundation in basic research, Poi-Tech aims to redefine industry standards through its extensive experience in process manufacturing and modeling. It has established itself as a reliable partner for the digital transformation of numerous large-scale process manufacturing enterprises in China, offering professional consulting services that enhance production efficiency and reduce operational costs.

Flock Safety

Series C in 2020
Flock Safety is a company that specializes in security solutions through the use of automated license plate recognition (ALPR) cameras. Its primary product, the ALPR camera system, is designed for use by neighborhoods, law enforcement agencies, and businesses to capture and analyze vehicle license plates. This technology aids in both preventing and solving crimes by providing actionable data to local authorities. Flock Safety's platform emphasizes community collaboration, integrating efforts from cities, businesses, schools, and law enforcement to enhance public safety. The company's full-service, maintenance-free technology is trusted by various communities as a means to deter crime and promote a safer environment for residents. Additionally, the system proactively alerts police when stolen vehicles enter monitored areas, enabling faster response and community involvement in crime prevention.

Flock Safety

Series B in 2020
Flock Safety is a company that specializes in security solutions through the use of automated license plate recognition (ALPR) cameras. Its primary product, the ALPR camera system, is designed for use by neighborhoods, law enforcement agencies, and businesses to capture and analyze vehicle license plates. This technology aids in both preventing and solving crimes by providing actionable data to local authorities. Flock Safety's platform emphasizes community collaboration, integrating efforts from cities, businesses, schools, and law enforcement to enhance public safety. The company's full-service, maintenance-free technology is trusted by various communities as a means to deter crime and promote a safer environment for residents. Additionally, the system proactively alerts police when stolen vehicles enter monitored areas, enabling faster response and community involvement in crime prevention.

Flock Safety

Series A in 2018
Flock Safety is a company that specializes in security solutions through the use of automated license plate recognition (ALPR) cameras. Its primary product, the ALPR camera system, is designed for use by neighborhoods, law enforcement agencies, and businesses to capture and analyze vehicle license plates. This technology aids in both preventing and solving crimes by providing actionable data to local authorities. Flock Safety's platform emphasizes community collaboration, integrating efforts from cities, businesses, schools, and law enforcement to enhance public safety. The company's full-service, maintenance-free technology is trusted by various communities as a means to deter crime and promote a safer environment for residents. Additionally, the system proactively alerts police when stolen vehicles enter monitored areas, enabling faster response and community involvement in crime prevention.

Flock Safety

Series A in 2018
Flock Safety is a company that specializes in security solutions through the use of automated license plate recognition (ALPR) cameras. Its primary product, the ALPR camera system, is designed for use by neighborhoods, law enforcement agencies, and businesses to capture and analyze vehicle license plates. This technology aids in both preventing and solving crimes by providing actionable data to local authorities. Flock Safety's platform emphasizes community collaboration, integrating efforts from cities, businesses, schools, and law enforcement to enhance public safety. The company's full-service, maintenance-free technology is trusted by various communities as a means to deter crime and promote a safer environment for residents. Additionally, the system proactively alerts police when stolen vehicles enter monitored areas, enabling faster response and community involvement in crime prevention.

Sensingtech

Series B in 2018
Beijing Sensing Technology is a high-tech company focused on artificial intelligence, specializing in the development, production, and sale of facial recognition technology. The company strives to advance its deep learning-based facial recognition capabilities to create customized solutions across various industries, including intelligent security, finance, building management, transportation, medicine, and community services. Collaborating with academic institutions such as Tsinghua University and Beihang University, Sensing Technology leverages talent and advanced technology to deliver intelligent security solutions to government entities, communities, and educational institutions. By integrating mega data analysis with its products, the company aims to provide comprehensive artificial intelligence solutions and services that meet the evolving needs of its customers.

Didi

Private Equity Round in 2018
Didi Chuxing, founded in 2012 in Beijing, is a leading mobile transportation platform providing app-based services such as taxi hailing, private car-hailing, social ride-sharing, car rental, and enterprise solutions. With over 450 million users and daily orders reaching 25 million, Didi offers a variety of mobility options to optimize resource allocation through big data-driven algorithms. The company aims to address transportation, environmental, and employment challenges by collaborating with communities and partners. Acquiring Uber China in 2016, Didi has over 21 million drivers and car owners on its platform, generating income while offering convenient transportation solutions to users worldwide.

Misspao

Series A in 2017
Misspao is a Chinese start-up that specializes in the development of fully automated mini fitness rooms, designed for convenience and self-service. Users can easily locate and reserve nearby fitness rooms through a mobile application, gaining access by scanning their smartphones upon arrival. Each mini gymnasium, which accommodates 1 to 2 individuals, is equipped with essential exercise equipment, including a treadmill, along with amenities such as an air cleaner, a solar power supply system, and an Internet-connected TV for entertainment. This innovative approach allows users to exercise at their convenience, promoting a flexible fitness experience.

Misspao

Angel Round in 2017
Misspao is a Chinese start-up that specializes in the development of fully automated mini fitness rooms, designed for convenience and self-service. Users can easily locate and reserve nearby fitness rooms through a mobile application, gaining access by scanning their smartphones upon arrival. Each mini gymnasium, which accommodates 1 to 2 individuals, is equipped with essential exercise equipment, including a treadmill, along with amenities such as an air cleaner, a solar power supply system, and an Internet-connected TV for entertainment. This innovative approach allows users to exercise at their convenience, promoting a flexible fitness experience.

Sensingtech

Series A in 2017
Beijing Sensing Technology is a high-tech company focused on artificial intelligence, specializing in the development, production, and sale of facial recognition technology. The company strives to advance its deep learning-based facial recognition capabilities to create customized solutions across various industries, including intelligent security, finance, building management, transportation, medicine, and community services. Collaborating with academic institutions such as Tsinghua University and Beihang University, Sensing Technology leverages talent and advanced technology to deliver intelligent security solutions to government entities, communities, and educational institutions. By integrating mega data analysis with its products, the company aims to provide comprehensive artificial intelligence solutions and services that meet the evolving needs of its customers.

ETCP

Series A in 2015
ETCP is a leading brand in the intelligent parking industry, recognized for its innovative approach to parking management. Founded in 2012 and headquartered in Beijing, the company operates under the guidance of the Chinese government's smart city initiative, which aims to improve urban public service management. ETCP has established a robust presence with nearly 20 affiliated companies across major cities in China and internationally, employing thousands of individuals. The company specializes in developing a smart parking application that utilizes big data and cloud computing, allowing users to search for and reserve parking spaces in real time, as well as facilitating automatic online payments. With a market value exceeding 4 billion yuan, ETCP continues to shape the future of parking solutions.

Tigo Energy

Series C in 2010
Tigo Energy, Inc. specializes in developing module-level power electronics and module optimizer technology for the solar industry. The company offers solar optimizers and comprehensive software solutions that include module-level monitoring for utility, commercial, and residential photovoltaic (PV) arrays, as well as a mobile application for solar management. Tigo Energy also provides communication solutions, such as gateways and a Maximizer Management Unit, which facilitate communication between optimizers and inverters. Its products cater to a diverse range of markets, including residential, commercial, utility, third-party finance, schools, and government sectors, and are distributed through various channels. Founded in 2007 and headquartered in Campbell, California, with an additional office in Tuscany, Italy, Tigo Energy operates globally across the United States, Europe, Japan, China, Australia, Brazil, and the Middle East. The company's focus is on enhancing safety, increasing energy yield, and reducing operating costs, ultimately improving the efficiency and reliability of solar installations.

Tigo Energy

Series B in 2009
Tigo Energy, Inc. specializes in developing module-level power electronics and module optimizer technology for the solar industry. The company offers solar optimizers and comprehensive software solutions that include module-level monitoring for utility, commercial, and residential photovoltaic (PV) arrays, as well as a mobile application for solar management. Tigo Energy also provides communication solutions, such as gateways and a Maximizer Management Unit, which facilitate communication between optimizers and inverters. Its products cater to a diverse range of markets, including residential, commercial, utility, third-party finance, schools, and government sectors, and are distributed through various channels. Founded in 2007 and headquartered in Campbell, California, with an additional office in Tuscany, Italy, Tigo Energy operates globally across the United States, Europe, Japan, China, Australia, Brazil, and the Middle East. The company's focus is on enhancing safety, increasing energy yield, and reducing operating costs, ultimately improving the efficiency and reliability of solar installations.

Tigo Energy

Series A in 2008
Tigo Energy, Inc. specializes in developing module-level power electronics and module optimizer technology for the solar industry. The company offers solar optimizers and comprehensive software solutions that include module-level monitoring for utility, commercial, and residential photovoltaic (PV) arrays, as well as a mobile application for solar management. Tigo Energy also provides communication solutions, such as gateways and a Maximizer Management Unit, which facilitate communication between optimizers and inverters. Its products cater to a diverse range of markets, including residential, commercial, utility, third-party finance, schools, and government sectors, and are distributed through various channels. Founded in 2007 and headquartered in Campbell, California, with an additional office in Tuscany, Italy, Tigo Energy operates globally across the United States, Europe, Japan, China, Australia, Brazil, and the Middle East. The company's focus is on enhancing safety, increasing energy yield, and reducing operating costs, ultimately improving the efficiency and reliability of solar installations.
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