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DeepMatrix raised $1.6 million in an angel funding round led by YourNest and Arali Ventures to accelerate growth and improve product offerings in mining and asset management.

PRIVATEAug 27, 2024

Amount Raised

$1.6 Million

Round Type

Seed

BengaluruSoftwareArtificial IntelligenceAnalyticsGeospatial

Investors

Abhishek GoyalArali VenturesYour Nest

Description

DeepMatrix, a deeptech startup, has secured $1.6 million in a funding round led by YourNest and Arali Ventures. The funds will be utilized to enhance its product offerings and expand in key markets such as the US and Australia.

Quick answer

DeepMatrix raised $1.6 Million in a Seed round, dated August 27, 2024. Investors: Abhishek Goyal, Arali Ventures and Your Nest. DeepMatrix is based in Bengaluru, Karnataka, India.

How much did DeepMatrix raise?
DeepMatrix raised $1.6 Million in a Seed round on August 27, 2024.
Who invested in DeepMatrix?
Abhishek Goyal, Arali Ventures and Your Nest are named as investors in this round.
What does DeepMatrix do?
DeepMatrix is a deep tech startup transforming the utilisation of geospatial data.
Where is DeepMatrix based and how big is it?
DeepMatrix is based in Bengaluru, Karnataka, India. Fundz records about 23 employees.
Who are the decision-makers at DeepMatrix?
Fundz holds 1 contact at DeepMatrix. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Analytics and Geospatial around the same time

Companies in the same sectors as DeepMatrix that raised within 45 days of this round, from Fundz verified event records.

  • xMap raised an undisclosed amount (Pre-Seed) on September 11, 2024.
  • Vectorize raised $3.6M (Seed) on October 8, 2024.
  • Anyformat raised $570K (Pre-Seed) on October 7, 2024.
  • Beeline Holdings raised $56M on October 7, 2024.
  • Zintlr raised $893K (Seed) on September 30, 2024.
  • Briink raised $4.3M (Seed) on September 30, 2024.

Who to call at DeepMatrix, and when

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Company Information

Company

DeepMatrix

Location

Bengaluru, Karnataka, India

About

DeepMatrix is a deep tech startup transforming the utilisation of geospatial data. With its cloud-native SaaS platform and AI-driven business model, the company offers comprehensive capabilities across the entire data life cycle, encompassing data ingestion through to advanced analytics. Our solution is characterized by its scalability and adaptability, catering to a broad range of industries but not limited to Asset Management and Mining. The user-friendly nature of our platform extends to its data-agnostic capability, accommodating various GIS datasets. Furthermore, its ease of use, responsiveness, and efficiency make it an indispensable tool for diverse requirements.

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