About Matter Venture Partners
Matter Venture Partners, an accelerator and incubator program founded in 2023, is based in Menlo Park, United States. With a presence in 1 country, it has supported around 12 startups in sectors like High Tech, Enterprise Applications. As of Aug 2026, Matter Venture Partners has 1 unicorn under its belt. Most notable companies in
its portfolio include Lumafield, Alpha Design AI and CesiumAstro. The program is backed by a team of 10 people who primarily support Series A startups based in United States. Its latest investment was a $43M Seed round in TylSemi on Jul 14, 2026, which also saw participation from Viola Group and Global Hands-On VC.
Key Metrics
Founded Year
2023
Location
Menlo Park, United States
Portfolio Companies
Sectors of Investment
Stages of Investment
Series A, Seed & 3 more
Locations of Investment
Unicorn in Portfolio
Matter Venture Partners' List of Top Investments
Matter Venture Partners has a portfolio of 12 companies, one of which is a Unicorn. Their most notable investments are in Eridu AI and Path Robotics.Their portfolio spans across and United States. They have invested in High Tech, Enterprise Applications, Semiconductors and 7 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by Matter Venture Partners:
1. Lumafield
Provider of industrial X-ray CT scanners and cloud-based analysis software. It offers industrial CT scanning solutions for engineering and manufacturing applications. The company provides X-ray CT scanners for inspecting internal and external structures of objects in three dimensions. It also offers cloud-based software for part inspection, automated analysis, and collaboration.
Key facts about Lumafield
- Founded Year: 2019
- Location: Cambridge (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $142M
- Employee Count: 162 as on Jun 30, 2026
- Investors: Kleiner Perkins, Future Shape and 12 Others
- Latest Funding Round: Conventional Debt, Nov 20, 2025, $*****
- Highlight: Editors' Pick
Provider of agentic AI platforms for semiconductor chip design and verification. It provides AI agents integrated into code editors that accelerate RTL design, testbench generation, waveform debugging, and functional verification by using natural language prompts and autonomous workflows. It is designed to enhance various aspects of chip development, from code refactoring to testbench generation and bug detection. The focus is on integrating AI agents to create an effective chip design process.
Key facts about Alpha Design AI
- Founded Year: 2024
- Location: San Jose (United States)
- Stage: Series A
- Total Funding till date: $134M
- Employee Count: 62 as on Jun 30, 2026
- Investors: Ericsson, Bessemer Venture Partners and 11 Others
- Latest Funding Round: Series A, Jul 08, 2026, $*****
- Highlight: Editors' Pick
3. CesiumAstro
Developer of communication systems for space, air, and ground missions. The company provides full-stack, multi-mission hardware and software products. Offerings include integrated LEO satellites and active phased array payloads. Products support beam steering, dynamic frequencies, and on-orbit reconfigurability. The company’s systems facilitate inter-satellite links, mission-data downlink, and multi-beam connectivity.
Key facts about CesiumAstro
- Founded Year: 2017
- Location: Austin (United States)
- Stage: Series C
- Total Funding till date: $426M
- Employee Count: 478 as on Jun 30, 2026
- Investors: Janus Henderson Investors, Quanta Computer and 23 Others
- Latest Funding Round: Series C, Feb 02, 2026, $*****
- Highlight: Editors' Pick
Manufacturer of intelligent welding cells using physical artificial intelligence technology. The company's cells adapt in real-time for agile welding, even with part variations. These cells automate fabrication for industries including manufacturing, critical infrastructure, defense, and heavy industry. The technology facilitates the construction of structures such as ship hulls, utility poles, data centers, and mining equipment.
Key facts about Path Robotics
- Founded Year: 2014
- Location: Columbus (United States)
- Stage: Series D
- Total Funding till date: $271M
- Employee Count: 235 as on Jun 30, 2026
- Investors: Tiger Global Management, SVB and 10 Others
- Latest Funding Round: Series D, Oct 14, 2024, $*****
- Highlight: Editors' Pick
5. Kargo
Provider of automated shipping and receiving solutions for warehouse operations. The company offers systems for appointment scheduling, driver check-in, and dock door allocation. It provides automated scanning, damage detection, and shipment verification. The company's solutions also include inventory management, visibility, and traceability features.
Key facts about Kargo
- Founded Year: 2019
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $91.4M
- Employee Count: 157 as on May 31, 2026
- Investors: Summit Partners, Sozo Ventures and 18 Others
- Latest Funding Round: Series B, Dec 22, 2025, $*****
- Highlight: Editors' Pick
Matter Venture Partners' Year-on-Year Investment Trends
In 2025, it made 5 investments, while as of Jul 2026, it has made 6 investments in this year. Its most recent first time investment was in TylSemi and most recent follow-on round was in Kargo.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 6 | 0 | 6 |
2025 | 2 | 3 | 5 |
2024 | 4 | 0 | 4 |
Matter Venture Partners' Investments by Stage
Matter Venture Partners has made 6 investments in Series A stage with an average round size of $129M, 3 investments in Seed stage with an average round size of $19.3M, 1 investment in Series B stage with an average round size of $65M, 1 investment in Series C stage with an average round size of $75M and 1 investment in Series D stage with an average round size of $100M.Stage of entry | No. of Investments |
|---|---|
Series A | 6 |
Seed | 3 |
Series B | 1 |
Series C | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
Matter Venture Partners' Investments by Sector
Matter Venture Partners has a diverse portfolio, with companies operating in the High Tech, Industrial Goods and Manufacturing, Enterprise Applications, Semiconductors and Business Services. Notably, it has invested in 11 Enterprise (B2B) companies, 11 Tech companies, 8 Software companies and at least 8 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
High Tech | 7 |
Industrial Goods and Manufacturing | 5 |
Enterprise Applications | 4 |
Semiconductors | 3 |
Business Services | 2 |
Others | 7 |
Note: We have considered here, only first round of investments
Matter Venture Partners' Investments by Geography
Matter Venture Partners has made most investments in United States (12).Matter Venture Partners' recent investments
Matter Venture Partners has made 6 investments in 2026 so far. TylSemi and OpenLight are the latest among them.Here are the most recent investments by Matter Venture Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 14, 2026 | United States | Seed | 7121 | [+2] | |
Apr 28, 2026 | United States | Series A | 4775 | [+5] | |
Apr 03, 2026 | United States | Series A | 3811 | [+2] | |
Mar 10, 2026 | United States | Series A | 4003 | [+7] | |
Mar 06, 2026 | United States | Series A | 8301 | [+9] |
Unicorns in Matter Venture Partners' Portfolio
Matter Venture Partners has 1 unicorn in its portfolio - Rhoda. The most recent unicorn in their portfolio is Rhoda which became a unicorn in 2026.Here is a list of unicorns in Matter Venture Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
57 | Developer of robotic systems utilizing video pre-training for industrial automation | 2024 | Palo Alto | Series A | nvkcgnk |
Team profile of Matter Venture Partners
Matter Venture Partners has a team of 10 members including 3 Partners and 3 Principals located in United States. Matter Venture Partners' team sits on the board of 3 companies.Here is a list of all team members in Matter Venture Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Menlo Park | Qumulo, CesiumAstro and 1 more | - | |
Partner | - | - | ||
Partner | - | - | ||
Principal | Palo Alto | - | - | |
Principal | - | - | ||
Principal | San Diego | - | - |
Co-investors of Matter Venture Partners
Over the past 2 years, 111 investors have co-invested in Matter Venture Partners's portfolio companies. This includes funds and angels.
- Invested before Matter Venture Partners: Kleiner Perkins, Spark Capital and 44 others have invested in rounds before Matter Venture Partners. There are 2 companies where Kleiner Perkins has invested before Matter Venture Partners and 1 company where Spark Capital has invested before Matter Venture Partners.
- Top Co-investors of Matter Venture Partners: 42 investors entered a company along with Matter Venture Partners. These include investors like Capricorn (2 companies).
- Invested after Matter Venture Partners: A total of 23 investors have invested in Matter Venture Partners's portfolio after their investments. Top Investors include B Capital (2 companies) and Woven Capital (2 companies).
Recent News related to Matter Venture Partners
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Matter Venture leads AI startup TYLsemi's $43m funding roundTech in Asia•Jul 15, 2026•Matter Venture Partners, Egis Technology, Viola Group, Global Hands-On VC
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OpenLight Secures $50 Million Series A-1 Funding RoundSemiconductor Today•Apr 29, 2026•Matter Venture Partners, OpenLight, Acclimate Ventures, Catapult Ventures and 2 others
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Eridu Raises $200 Million in Series A for AI Network Switch Chips and SystemsStartup Log•Mar 11, 2026•Eridu AI, HRT, Matter Venture Partners, Capricorn and 6 others
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ChipAgents Secures $50M in Funding to Accelerate Agentic Chip DesignSiliconAngle•Feb 19, 2026•Alpha Design AI, Matter Venture Partners, Bessemer Venture Partners, Ericsson and 5 others
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Render Raises $100M Series C Extension, Valued at $1.5B, Betting Big on the AI-Native CloudTechnologies.org•Feb 18, 2026•Render, Addition, 01 Advisors, Georgian and 7 others
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Australian start-up Breaker raises A$9 million in seed fundingAsia Pacific Defence Reporter•Feb 17, 2026•Breaker, Main Sequence, Bessemer Venture Partners, Alpha Design AI and 4 others
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Kargo.ai Raises $42M Series B to Scale Global Warehouse Deployment with Enterprise Clientsintelligence360•Jan 06, 2026•Matter Venture Partners, Sozo Ventures, Avenir Growth Capital, Hearst and 3 others
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Kargo.ai Raises $42M Series B to Scale Global Warehouse Deployment with Enterprise ClientsBusiness Wire•Dec 22, 2025•Matter Venture Partners, Hearst, Lightbank, Sozo Ventures and 5 others
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Tacta Systems Announces $75 million in Funding to Bring Dextrous Intelligence to Robotsintelligence360•Jul 02, 2025•Tacta Systems, AFF, SBVA, Matter Venture Partners and 8 others
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Tacta Systems Secures $75 Million Funding for Dextrous Intelligence in RoboticsRoboticstomorrow•Jun 27, 2025•Tacta Systems, Matter Venture Partners, AFF, SBVA and 7 others
