Matic Raises $29.6M in Funding

Matic, a Mountain View, CA-based technology company providing AI-driven indoor robots, raised $29.6M in funding.

The amount of $29.6M in funding included:

  • a recent $24M Series A, led by Nat Freidman (GitHub), Daniel Gross (Cue, Pioneer, YC), and John and Patrick Collison (Stripe), and
  • a $5.6M in unannounced seed funding back in 2019 led by Nest co-founder Matt Rogers with support from John & Patrick Collison, Adam D’Angelo, Jack Dorsey, Brian Pokorny, Adam Nash, Naval Ravikant, Avichal Garg, Joe Lonsdale (8VC), Nickhil Jakatdar, Ayo Omojola, and few others.

The company intends to use the funds to expand operations and its development efforts to support the general availability of its product in early 2024.

Matic is advancing an AI-driven indoor robot that can expertly navigate any home to clean like a human. It mimics human perception and self-learning through cameras and Neural Networks (NNs) that power image recognition, decision making and 3D mapping. Robot relies on 5-RGB cameras and NNs with all the processing on the edge device. This keeps privacy at the forefront, because everything is processed directly on the device and nothing leaves the home.

Matic, a Mountain View, CA-based technology company providing AI-driven indoor robots, raised $29.6M in funding. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.

Shishir Gupta, The Founder & CEO of StartupLanes

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