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About Matic
Industries
Robotics & Automation
Consumer Goods
Company Size
51-200
Company Stage
Series A
Total Funding
$28.8M
Headquarters
Mountain View, California
Founded
2017
Overview
Matic Robots specializes in advanced floor cleaning solutions with its product, the Matic robot, which combines mopping and vacuuming functions. The robot uses computer vision technology to sense its environment and automatically switch between cleaning modes, allowing it to navigate around obstacles like wires and toys. This makes the cleaning process efficient and user-friendly. Matic Robots primarily targets tech-savvy consumers and busy families who appreciate convenience in household chores. Unlike many competitors, Matic focuses on privacy, quiet operation, and continuous cleaning capabilities. The company's goal is to simplify everyday cleaning tasks through effective robotics, integrating seamlessly into modern smart home systems.
Simplify's Take
What believers are saying
- Matic raised $30M, indicating strong investor confidence in AI-driven robotics.
- The demand for multi-functional cleaning robots is rising, benefiting Matic's product offering.
- Direct-to-consumer sales model aligns with growing trends in smart home devices.
What critics are saying
- High competition from established brands like iRobot and Dyson could challenge Matic.
- Matic's high price point may limit its appeal to a broader consumer base.
- Reliance on direct-to-consumer sales may restrict Matic's market reach.
What makes Matic unique
- Matic owns the full stack from software to hardware, ensuring seamless integration.
- The company uses stereo cameras and SLAM for 3D navigation, enhancing robot autonomy.
- Founders' expertise in computer vision and robotics gives Matic a competitive edge.
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Funding
Total Funding
$28.8M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Health Insurance
401(k) Retirement Plan
Wellness Program
Growth & Insights and Company News
6 month growth
↓ -8%1 year growth
↑ 0%2 year growth
↓ -3%Matic announces its first robot vacuum cleaner.
Launching in 2024, Matic previewed its new robotic vacuum cleaner that, while it carries a large price tag, is designed to never get trapped or stuck like existing smart home vacuums.
Matic raised $24M. Check out our slides! Matic is the first AI-driven indoor robot that can expertly navigate any home, without sending data to the cloud…
VentureBeat presents: AI Unleashed - An exclusive executive event for enterprise data leaders. Network and learn with industry peers. Learn More. They’re so commonplace now that they are scarcely worth mentioning, but robotic vacuum cleaners were at one point a revolutionary new device. The idea of a vacuum that could move around a home independently and suck up dust and debris reliably without a human guiding it seemed like sci-fi come to life, back when MIT AI researchers formed the company iRobot in 1990, and again when they debuted the Roomba back in 2002. “Roomba” has since become a widely recognizable brand name up there with Kleenex, Tylenol and Band-Aid, and many other brands have jumped in to offer competing products at higher and lower price points, including vacuum stalwart Dyson and Anker with its Eufy brand
Matic, a Mountain View, CA-based technology company providing AI-driven indoor robots, raised $29.6M in funding
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About Matic
Industries
Robotics & Automation
Consumer Goods
Company Size
51-200
Company Stage
Series A
Total Funding
$28.8M
Headquarters
Mountain View, California
Founded
2017
Matic is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today