About Matic
Matic Robots specializes in advanced floor cleaning solutions with its main 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 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 homes.
Mountain View, CaliforniaHeadquarters
2017Year Founded
$28.8MTotal Funding
SERIES_ACompany Stage
Robotics & Automation, Consumer GoodsIndustries
51-200Employees
Benefits
Health Insurance
401(k) Retirement Plan
Wellness Program
Risks
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.
Differentiation
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.
Upsides
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.
Funding
Total raised$28.79 M
Latest valuation$120.00 M
StageSERIES_A
SERIES A
10/31/2023$24
$120.00 M