Matroid raises $10 million Series A co-led by Intel and NEA

Matroid has raised $10 million Series A co-led by Intel and NEA, bringing funding to $13.5M, following a $3.5M seed round from NEA. We are excited to work with Intel and NEA to continue bringing Computer Vision to everyone. Join us! We are hiring at matroid.com/careers

Formal Announcement

Following product launch, Matroid announces $10 Million Series A co-led by NEA and Intel Capital.

Matroid Inc, pioneers in Computer Vision and Machine Learning, today announces $10 Million Series A, bringing total funding to $13.5 million dollars, following a $3.5M seed round from NEA. Founded by Stanford University faculty, the company launched its first Computer Vision product on March 25th. Since launch, the product has gained customers in the TV, media, security, and semiconductor industries. The Matroid product provides a studio allowing users to monitor streams of video data in the cloud and on edge devices.

Regarding the raise, CEO Reza Zadeh said “We founded Matroid knowing we’d have to invent entirely new user interfaces to marry Machine Learning and Computer Vision, leading to the creation and education of new markets. With this new round, we look forward to working with Intel to push the boundaries of what is possible in video analysis on a wide range of computing chips both in the cloud and on edge.”

To sign up and for more information, please visit matroid.com

About New Enterprise Associates (NEA)

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With more than $20 billion in cumulative committed capital since the firm’s founding in 1977, NEA invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of successful investing includes more than 220 portfolio company IPOs and more than 370 acquisitions. For additional information, visit www.nea.com

About Intel Capital

Intel Capital, Intel’s strategic investment organization, invests in innovative startups targeting computing and smart devices, 5G connectivity, cloud, datacenter, artificial intelligence, merged reality, automated driving, the Internet of Things, robotic technologies, immersive entertainment and semiconductor manufacturing. Since 1991, Intel Capital has invested US$12.2 billion in 1,490 companies worldwide, and 636 portfolio companies have gone public or been acquired. Learn more at intelcapital.com or follow @Intelcapital.

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