DeepMatrix Raises $1.6M to Revolutionize Geospatial Data Management

YourNest and Arali Ventures have led the round of $1.6 million raised by deeptech startup DeepMatrix. Angel investors in the round include Abhishek Goyal, the founder of data-intelligence platform Tracxn.

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Founded in 2022, DeepMatrix has continued to blaze a trail in the technology industry with its groundbreaking innovations in the management of geospatial data.

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This funding will be used to accelerate DeepMatrix’s path for growth, product advancement to offer improved products, and to increase its footprint in the US and Australia.

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The firm plans to use this capital to unlock the full potential of geospatial data through best-in-breed artificial intelligence and computing powers.

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This round of funding becomes a significant milestone in Indian geospatial deeptech and will likely be the harbinger of momentous progress in this field.

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The startup’s platform is designed to manage geospatial data efficiently for any business through the generation of cost reductions, enhancing safety, and optimization of resources.

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YourNest and Arali Ventures have led the round of $1.6 million raised by deeptech startup DeepMatrix. Angel investors in the round include Abhishek Goyal, the founder of data-intelligence platform Tracxn