Matroid

Platform for custom computer vision detection

Palo Alto, California, United States

About Matroid

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 the security sector, 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 services and further develop its technology. Matroid's goal is to make advanced computer vision accessible to businesses, helping them improve operational efficiency and safety through real-time visual data analysis.

Palo Alto, CaliforniaHeadquarters
2016Year Founded
$32.6MTotal Funding
SERIES_BCompany Stage
Industrial & Manufacturing, Enterprise Software, AI & Machine LearningIndustries
11-50Employees

Benefits

Gym Membership
Professional Development Budget
Free lunch, snacks, and caffeine every day

Risks

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.

Differentiation

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.

Upsides

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.

Funding

Total raised$32.59 M
Latest valuation$100.00 M
StageSERIES_B