Total amount raised
$12 Millions
Latest funding date
11/01/2024
Location
Matter Intelligence is pioneering the collection of unprecedented data on natural and artificial materials through advanced sensor technology. Their platform leverages hyperspectral imaging, thermal imaging, and digital elevation models to capture data beyond the visible spectrum.
Keep reading to explore the intricacies of Matter Intelligence's fundraising journey and the investors backing this innovative platform.
What Is Matter Intelligence?
Matter Intelligence operates in the sensor technology and data capture industry. The company is dedicated to building new sensor infrastructure to capture unprecedented data on natural and artificial materials. Their technology aims to reveal critical details by seeing beyond the visible spectrum.
Located at coordinates 37.7314° N, 119.6379° W, Matter Intelligence uses advanced sensors to measure shape, composition, and temperature globally. Their goal is to create a comprehensive material encyclopedia powered by real data, which can be used for various commercial and national security applications.
How Much Funding Has Matter Intelligence Raised?
- Round Name: Seed Round
- Amount Raised: $12M
- Date: October 2024
- Lead Investors: Lowercarbon Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development of Matter’s sensing infrastructure and launch space sensors capable of capturing unprecedented data about all matter on Earth.
- Round Name: Non-Equity Assistance
- Amount Raised: -
- Date: November 2024
- Lead Investors: International Research Centre on Artificial Intelligence
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and resources from the International Research Centre on Artificial Intelligence.
Total Amount Raised: $12M
Current Valuation: Not publicly disclosed
Key Investors
- Lowercarbon Capital
- Details: Lowercarbon Capital is a global multi-billion dollar venture fund founded by Chris Sacca. The firm focuses on companies that reduce carbon dioxide emissions.
- Investment Focus Areas: Climate change mitigation, clean energy, sustainable technologies
- Notable Investments: Companies focused on carbon capture, renewable energy, sustainable agriculture
- Toyota Ventures
- Details: Toyota Ventures is the venture capital arm of Toyota, investing in early-stage startups. They focus on sectors like mobility, automation, and artificial intelligence.
- Investment Focus Areas: Mobility, automation, artificial intelligence, advanced technologies
- Notable Investments: Joby Aviation, Nuro
- Pear
- Details: Pear is a seed-stage venture capital firm that partners with founders from the earliest stages of company building. They have a track record of investing in high-growth potential startups.
- Investment Focus Areas: Early-stage startups, various sectors
- Notable Investments: DoorDash, Guardant Health
- Mark Cuban
- Details: Mark Cuban is a well-known entrepreneur and investor, owner of the Dallas Mavericks, and a prominent figure on the TV show "Shark Tank."
- Investment Focus Areas: Technology, sports, entertainment
- Notable Investments: Magnolia Pictures, AXS TV, various startups featured on "Shark Tank"
- E2MC
- Details: E2MC is a venture capital firm specializing in space and related technologies. They invest in companies that are innovating in the space sector.
- Investment Focus Areas: Space technologies, related innovations
- Notable Investments: Space technology companies (specific names not mentioned)
What's Next for Matter Intelligence?
Matter Intelligence is poised to revolutionize the remote sensing industry with its advanced hyperspectral and thermal imaging sensors. The company aims to create a comprehensive global dataset of Earth's material composition, offering significant opportunities in natural resource management, agriculture, environmental monitoring, and national security. The potential market for these applications is substantial, given the increasing demand for high-resolution Earth observation data.
Future fundraising efforts are likely, as the company continues to scale its operations and technology development. The successful seed round and ambitious goals suggest that additional funding rounds, including Series A, may be on the horizon. Strategic partnerships and investments from industries that benefit from advanced remote sensing data could also play a crucial role in their growth.
However, Matter Intelligence may face challenges such as high costs associated with satellite development and deployment, competition from other remote sensing companies, and ensuring the accuracy and reliability of their data. Overcoming these hurdles will be essential for the company to maintain its competitive edge and achieve its long-term vision.
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