When was Matrix Industries founded?

Matrix Industries was founded in 2011 and raised its 1st funding round within a year of its incorporation.

Where is Matrix Industries located?

Matrix Industries is headquartered in Menlo Park, United States. It is registered at San Jose, California.

Who is the current CEO of Matrix Industries?

Akram Boukai of Matrix Industries. They have also founded 1 company.

How many employees does Matrix Industries have?

As of Aug 31, 2026, the latest employee count at Matrix Industries is 22.

Is Matrix Industries a funded company?

Matrix Industries is a funded company, having raised a total of $55.7M across 12 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 20, 2011.

When was the latest funding round of Matrix Industries?

Matrix Industries' latest funding was a $***** Series B round on May 12, 2023, with participation from 0 investor.

Where does Matrix Industries rank among its competitors?

Matrix Industries ranks 18th amongst 753 active competitors, of which 104 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Whoop, which secured $575M in Mar, 2026.

Who are the top competitors of Matrix Industries?

Matrix Industries' top competitors include Withings, Whoop and Fitbit. Among them, Whoop secured the most recent funding round in March, 2026.

Matrix Industries - 2026 Company Profile, Team, Funding & Competitors

Matrix Industries is a series B company based in Menlo Park (United States), founded in 2011 by Akram Boukai. It operates as a Developer of smartwatch which charges from body heat. Matrix Industries has raised $55.7M in funding from Khosla Ventures. The company has 753 active competitors, including 104 funded and 51 that have exited. Its top competitors include companies like Withings, Whoop and Fitbit.

Company Details

Developer of smartwatch which charges from body heat. The device uses the company's thermoelectric platform technology which uses temperature gradient to generate electricity that is used to charge the battery of the watch. The company calculates bio-matrices like calories burned, activity level and sleep quality based on the electric power generated. The company's tech can also be used to power implants or sensors.

Website: www.matrixindustries.com/
Social
Email ID: *****@matrixindustries.com
Registered Address: San Jose, California

Key Metrics

Founded Year

2011

Location

Menlo Park, United States

Stage

Series B

Total Funding

$55.7M in 12 rounds

Latest Funding Round

Series B, May 12, 2023, $*****

Investors

Khosla Ventures & 3 more

Ranked

18^th among 753 active competitors

Employee Count

22 as on Aug 31, 2026

Similar Companies

Withings & 1135 more

View Matrix Industries' full profile

Matrix Industries is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
MATRIX INDUSTRIES INC CIN: 453205673 , United States, Active	Dec 31, 2010	-	8 (As on Dec 31, 2024)	-

Matrix Industries has raised a total funding of $55.7M over 12 rounds. Its first funding round was on Oct 20, 2011. Matrix Industries has 4 institutional investors.

Here is the list of recent funding rounds of Matrix Industries:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 12, 2023	7496311	Series B	4223048	5360453	2304616	1630437
Jun 18, 2020	5122569	Series B	9276142	6914647	9065745	5992976
Jul 03, 2018	3443480	Series B	4422301	2646992	7930362	6767196

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View details of Matrix Industries's funding rounds and investors

The founders of Matrix Industries is Akram Boukai. Akram Boukai is the CEO of Matrix Industries.

Here are the details of Matrix Industries' key team members:

Akram Boukai: Co-Founder & CEO of Matrix Industries. They serve on the board of 1 company.
Contact Info: 1 email address

Matrix Industries' Board of Directors

Matrix Industries's board has 14 active members. Vinod Khosla, Sonny Vu, Akram Boukai, Amer F Kasm, Vijit Sabnis, Aly Khan, Antoine Deeb, Tony Deeb, Fred Kish, Douglas Tham, Tram Lai, Elias Atiyyah, Ciaran Connell and Ryan Kottenstette are independent board members.

Here is the list of Matrix Industries' board of directors:

Name	Type	Representing	Status	Duration
Vinod Khosla	Independent board member	-	Current	14y 10m
xhbahto	Independent board member	-	Current	5y 3m
gnfhqnt	Independent board member	-	Current	9y 7m
vycwxxs	Independent board member	-	Current	3y 1m
qwoqodh	Independent board member	-	Current	2y 2m
h{hwyfx	Independent board member	-	Current	2y 6m
mhpjbxc	Independent board member	-	Current	4y 3m
azohvyp	Independent board member	-	Current	6y 5m
gggestp	Independent board member	-	Current	2y 7m
ejgifdp	Independent board member	-	Current	9y 2m
kqsojqs	Independent board member	-	Current	2y 4m
dmbbuhq	Independent board member	-	Current	5y 4m
n{hxx{x	Independent board member	-	Current	2y 1m
tbcqade	Independent board member	-	Current	9y 3m

View details of Matrix Industries's Founder profiles and Board Members

Matrix Industries' employee count trend

Matrix Industries has 22 employees as of Aug 26. Here is Matrix Industries's employee count trend over the years:

Employee count trend for Matrix Industries

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Top competitors of Matrix Industries include Withings, Whoop and Fitbit. Here is the list of Top 10 competitors of Matrix Industries, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Withings 2008, Moulineaux (France), Acquired	Developer of an array of connected products	$93.8M	Bpifrance, Gilde Healthcare & 8 others	82/100
2nd	Whoop 2012, Boston (United States), Series G	Provider of wearable trackers to monitor fitness data	$979M	SoftBank Vision Fund, Collab Fund & 68 others	78/100
3rd	Fitbit 2007, San Francisco (United States), Acquired	Internet-first brand offering smartwatches and fitness trackers	$65.1M	Felicis Ventures, SoftBank Capital & 18 others	78/100
4th	Zepp Labs 2011, San Jose (United States), Acquired	Developer of wearable devices and digital health management platform solutions	$20M	Notable Capital, Connor, Clark & Lunn Financial Group ... & 14 others	75/100
5th	AliveCor 2010, Mountain View (United States), Series F	Developer of remote cardiac monitoring solutions and related analysis software	$114M	Mayo Clinic Business Accelerator, Khosla Ventures ... & 17 others	74/100
6th	Mobvoi 2012, Kowloon (China), Public	Developer of AI-powered voice interaction and generative AI technologies	$255M	Volkswagen China, Sequoia Capital & 1 others	69/100
7th	Shot Scope 2014, Edinburgh (United Kingdom), Series B	Provider of wearable devices for golf performance tracking	$23.3M	Guinness Global Investors, Virgin Money & 34 others	67/100
8th	Garmin International 1989, Olathe (United States), Public	Provider of smartwatches, wearable technology, marine equipment, and aviation products	-	Europa	65/100
9th	Misfit Wearables 2011, Burlingame (United States), Acquired	Provider of wearable devices	$63M	Notable Capital, Founders Fund & 13 others	61/100
10th	STATSports 2008, Newry (United Kingdom), Acquired	Players performance tracking solution	-	Tech Nation	60/100
18th	Matrix Industries 2011, Menlo Park (United States), Series B	Developer of smartwatch which charges from body heat	$55.7M	Khosla Ventures, UCLA Ventures & 2 others	56/100