- DeepMatrix has secured $1.6 million in pre-Series A funding, led by YourNest and Arali Ventures.
- Funding to boost growth, enhance mining and asset management products, and expand to the US and Australia.
- DeepMatrix’s AI-driven platform simplifies drone and satellite imagery analysis for various industries.
GIS startup DeepMatrix has raised $1.6 million in a pre-Series A funding round led by YourNest and Arali Ventures, with additional participation from lead angels and Abhishek Goyal, Founder of Traxcn.
According to the company, this infusion of equity capital is instrumental in accelerating DeepMatrix's growth, enhancing product offerings in Mining and Asset Management, and expanding its presence in key markets, including the United States and Australia.
“The pre-series round of DeepMatrix marks a significant landmark in Indian geospatial DeepTech and will lay the foundation of utilising the full potential of geospatial data using advanced AI and compute capabilities,” said Naresh Soni, CEO of DeepMatrix.
“There is an increased demand in the industry and this funding will help in developing breakthrough innovative solutions to solve customer problems. We have experienced good traction in the Indian market and are looking to work with enterprises and governments in developed markets like the US, Australia, Europe, etc.”
DeepMatrix simplifies the use of drones and satellite imagery for mapping in industries like mining, agriculture, construction, and energy. Their cloud-native platform streamlines data ingestion, analysis, and visualization, making it easy for enterprises to manage large volumes of geospatial data efficiently.
Founded by experts with 20+ years of experience, DeepMatrix helps reduce costs, enhance safety, and optimize resources. Their AI-driven platform saves businesses time by accelerating geospatial data analysis and supports a range of industries, including asset management and mining.
Edited by Harshajit Sarmah
