Overview

Matroid simplifies the use of computer vision technology, allowing users to create custom detectors that identify people, objects, and events in images and video streams without needing programming skills. Their platform is designed for various industries, including construction, manufacturing, security, and media. For example, in manufacturing, Matroid's technology can automate defect detection, enhancing safety and efficiency. In security, it can monitor live video feeds for real-time detection of suspicious activities. Matroid operates on a software-as-a-service (SaaS) model, where clients subscribe to create and deploy their custom detectors. The company recently raised $20 million in Series B financing to expand its reach and further develop its technology. Matroid's goal is to make advanced computer vision accessible to a wide range of industries, improving efficiency and safety through real-time visual data analysis.

Simplify's Take

What believers are saying

• Rising demand for AI-driven video analytics in retail presents new opportunities.
• Edge computing enhances Matroid's real-time detection capabilities by reducing latency.
• AI in healthcare offers lucrative potential for Matroid's technology expansion.

What critics are saying

• Emerging competition from startups like Chooch AI threatens Matroid's market share.
• Rapid AI advancements require constant platform updates, straining resources.
• Ethical concerns in surveillance could lead to regulatory scrutiny impacting operations.

What makes Matroid unique

• Matroid offers a no-code platform for creating custom computer vision detectors.
• The company serves diverse industries like construction, manufacturing, and media.
• Matroid's SaaS model allows easy deployment and scaling of computer vision solutions.

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Funding

Total Funding

$33.5M

Below

Industry Average

Funded Over

3 Rounds

Notable Investors:

New Enterprise Associates

Notable Investors:

New Enterprise Associates

$20,000,000

Series B

Oct 2020

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$20M

$30M

$45M

$65M

$100M

View all funding stages