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 Smart Home

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.

Casana

Series B in 2022
Casana is a healthcare technology company focused on heart health monitoring. It has developed the Heart Seat, an innovative product that integrates a toilet seat with a cardiovascular monitoring system. This device allows patients to conveniently track essential heart health metrics such as heart rate, blood pressure, cardiac output, ECG, and blood oxygenation from the comfort of their homes. The Heart Seat operates on a cloud-connected platform, enabling seamless data capture and analysis. Founded in 2018 and based in Rochester, New York, Casana aims to enhance heart health monitoring by providing a user-friendly solution that minimizes the need for active patient engagement.

Collov

Seed Round in 2021
Developer of a SaaS-based virtual interior design and shopping platform designed to provide an interactive interior design experience. The company's platform transforms homes with artificial intelligence and virtual reality technology with an AI algorithm-driven e-commerce platform to correspond to home decoration design solutions, enabling clients to provide a wide selection of interior design homes to homeowners.

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.

Ambilight

Series B in 2021
Ambilight Inc., founded in 2017 and headquartered in Shenzhen, China, specializes in the research, development, and production of flexible smart films. The company is recognized for its innovative technologies in material synthesis, manufacturing processes, and product design, serving a range of applications such as car canopies, side windows, anti-glare rearview mirrors, building curtain walls, and augmented reality glasses. Ambilight operates two innovation centers, one in Shenzhen and another in the United States, collaborating strategically with multiple Fortune Global 500 companies. Through its advancements in electrochromic materials and optical film production, Ambilight aims to enhance energy efficiency and reduce emissions across various industries.

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.

Addx.ai

Series A in 2021
Addx.ai, founded in early 2018, specializes in developing a smart home operating system that integrates artificial intelligence and Internet of Things (AIOT) technology. The company focuses on creating an intelligent platform that offers AI edge computing and video cloud solutions, effectively connecting manufacturers, OEMs, and consumers globally. With a team composed of professionals from esteemed organizations such as Amazon and Tsinghua University, Addx.ai provides a range of smart hardware and solutions. Their offerings include integrated home security systems, device control, energy management, and advanced visual and speech recognition capabilities, all aimed at enhancing consumer protection and convenience in home environments.

SmartX

Series B in 2020
SmartX is a leading provider of hyperconverged infrastructure and software-defined storage solutions. The company specializes in delivering fully software-driven systems that are scalable across all x86 appliances. SmartX serves a diverse clientele, including major cloud builders, telecommunications companies, and hyperscalers in China. Their infrastructure is designed to be distributed, highly reliable, and limitlessly scalable, catering to the needs of demanding enterprises and IoT companies.

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.

Smart Fabric

Series C in 2019
Smart Fabric is a technology company based in Shenzhen, Guangdong, China, that specializes in transforming the textile production and trade process through its cloud-based ERP system. Established in November 2014, Smart Fabric focuses on the downstream segment of the clothing industry, connecting customer orders from brands and garment factories with upstream partners such as spinning mills and dyeing factories. Utilizing the Internet of Things, Smart Fabric enables these factories to collaborate effectively, optimizing the fabric production process. The company's intelligent, data-driven manufacturing solutions help textile manufacturers digitize their workflows, improve supply chain management, and enhance overall efficiency. By providing innovative services and products, Smart Fabric addresses the evolving demands of suppliers, manufacturers, and factories in the textile sector.

Ruixin Smart Medical

Series A in 2019
Ruixin Smart Medical develops real-time monitoring equipment for the detection of cardiovascular and cerebrovascular diseases. It is researching and developing intelligent medical platforms based on artificial intelligence, simulation, and cloud computing, so as to deeply mine the information in medical data to more accurately assess the condition and guide treatment. The company was founded in 2017 and is headquartered in Shenzhen.

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.

Stanza Living

Venture Round in 2018
Stanza Living is a high-quality, shared living concept which is seeking to disrupt the multi-billion-dollar student housing and co-living market in India by putting the new-age migrant consumer at the heart of the product and service design, development, and execution. At 55,000 beds under management, across 14 cities, it is India's largest shared living company. As a full-stack, end-to-end managed, tech-enabled operator, Stanza Living is focused on delivering a hassle-free daily living experience to consumers. The company is backed by global investors like Equity International, Falcon Edge Capital, Sequoia India, Matrix, Accel Partners, and Alteria Capital. Stanza Living was founded in 2017 and is headquartered in New Delhi, India.

XGimi

Corporate Round in 2018
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.

Smart Fabric

Series B in 2018
Smart Fabric is a technology company based in Shenzhen, Guangdong, China, that specializes in transforming the textile production and trade process through its cloud-based ERP system. Established in November 2014, Smart Fabric focuses on the downstream segment of the clothing industry, connecting customer orders from brands and garment factories with upstream partners such as spinning mills and dyeing factories. Utilizing the Internet of Things, Smart Fabric enables these factories to collaborate effectively, optimizing the fabric production process. The company's intelligent, data-driven manufacturing solutions help textile manufacturers digitize their workflows, improve supply chain management, and enhance overall efficiency. By providing innovative services and products, Smart Fabric addresses the evolving demands of suppliers, manufacturers, and factories in the textile sector.

Misspao

Series A in 2017
Misspao is a Chinese start-up that offers fully automated mini fitness rooms designed for convenient, self-service exercise. Users can easily find and reserve nearby fitness pods through a mobile app, gaining access to the facilities by scanning their smartphones. Each mini-gym accommodates 1 to 2 individuals and is equipped with essential exercise equipment, including a treadmill, as well as amenities like an air cleaner, a solar power supply system, and an Internet-connected TV for entertainment. This innovative approach allows users to work out on their own schedule, providing a flexible and accessible solution for fitness enthusiasts.

Misspao

Angel Round in 2017
Misspao is a Chinese start-up that offers fully automated mini fitness rooms designed for convenient, self-service exercise. Users can easily find and reserve nearby fitness pods through a mobile app, gaining access to the facilities by scanning their smartphones. Each mini-gym accommodates 1 to 2 individuals and is equipped with essential exercise equipment, including a treadmill, as well as amenities like an air cleaner, a solar power supply system, and an Internet-connected TV for entertainment. This innovative approach allows users to work out on their own schedule, providing a flexible and accessible solution for fitness enthusiasts.

SmartX

Series B in 2017
SmartX is a leading provider of hyperconverged infrastructure and software-defined storage solutions. The company specializes in delivering fully software-driven systems that are scalable across all x86 appliances. SmartX serves a diverse clientele, including major cloud builders, telecommunications companies, and hyperscalers in China. Their infrastructure is designed to be distributed, highly reliable, and limitlessly scalable, catering to the needs of demanding enterprises and IoT companies.

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.
Mor.AI is an artificial intelligence company focusing on Cognitive Computing and Natural Language Understanding technology. It serves as a Conversational Services Search Platform, based on in-house voice interaction of ‘Noise reduction+Automatic Speech Recognition + Multi-round dialogue+Knowledge Graph’. In the cloud, Mor.AI connected services and contents of 50+ fields and provided 10+ transaction services. Through mainly voice interaction and with the Conversational Services Search Platform, Mor.AI built Internet of Things and Internet of Vehicles. In the home appliance industry, Mor.AI is in in-depth cooperation with manufacturers such as vivo, Konka, TCL and Sharp. In the automotive industry, it is in partnership with a number of international and local car manufacturers, for instance, Mercedes-Benz and SAIC MAXUS.

Kujiale

Series C in 2016
Kujiale is an online platform based in Hangzhou, China, that specializes in home decoration and furnishing design. Founded by Hang Chen, the platform allows users to easily generate design sketches and visualize their interior design choices through advanced technologies such as augmented reality and virtual reality. Kujiale's software enables the creation of 3D models, texture swapping, and detailed floor planning, providing users with a comprehensive tool for designing and furnishing their homes. The platform also offers information and reviews related to the home decor industry, enhancing the user experience with valuable insights and resources.

AmberStudent

Seed Round in 2016
AmberStudent is a platform dedicated to assisting international students in finding suitable accommodation while studying abroad. It caters to the needs of approximately five million students by offering a comprehensive service that includes booking, payment, and necessary paperwork. The platform helps users discover various housing options, including furnished rooms, studios, and flats, all located near universities and schools. AmberStudent emphasizes convenience by allowing students to secure housing without requiring a local credit score or engaging in offline payment processes, thereby simplifying the accommodation search and booking experience.

Housejoy

Series A in 2015
Housejoy is an online platform designed to assist homeowners in finding and booking reliable service providers for various household needs. The platform connects users with local technicians specializing in services such as plumbing, electrical work, home cleaning, beauty treatments, and computer repairs. By streamlining the process of hiring professionals, Housejoy aims to enhance the customer experience, making it easier for homeowners to access quality services at competitive prices. This approach not only addresses the challenges of sourcing trustworthy service providers but also simplifies scheduling and booking for users.

To8to

Series C in 2015
Founded in Shenzhen in July 2008, To8to provides services for users to find contractors to renovate and decorate their apartments. The platform currently has nearly 60,000 decoration companies and 700,000 designers from 80 cities in China. To8to previously received several millions U.S. dollars series A funding from Matrix Partners in 2011.

Kujiale

Series B in 2014
Kujiale is an online platform based in Hangzhou, China, that specializes in home decoration and furnishing design. Founded by Hang Chen, the platform allows users to easily generate design sketches and visualize their interior design choices through advanced technologies such as augmented reality and virtual reality. Kujiale's software enables the creation of 3D models, texture swapping, and detailed floor planning, providing users with a comprehensive tool for designing and furnishing their homes. The platform also offers information and reviews related to the home decor industry, enhancing the user experience with valuable insights and resources.

To8to

Series B in 2014
Founded in Shenzhen in July 2008, To8to provides services for users to find contractors to renovate and decorate their apartments. The platform currently has nearly 60,000 decoration companies and 700,000 designers from 80 cities in China. To8to previously received several millions U.S. dollars series A funding from Matrix Partners in 2011.

Phantom

Series A in 2013
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.

To8to

Series A in 2013
Founded in Shenzhen in July 2008, To8to provides services for users to find contractors to renovate and decorate their apartments. The platform currently has nearly 60,000 decoration companies and 700,000 designers from 80 cities in China. To8to previously received several millions U.S. dollars series A funding from Matrix Partners in 2011.

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.

To8to

Series A in 2011
Founded in Shenzhen in July 2008, To8to provides services for users to find contractors to renovate and decorate their apartments. The platform currently has nearly 60,000 decoration companies and 700,000 designers from 80 cities in China. To8to previously received several millions U.S. dollars series A funding from Matrix Partners in 2011.
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