Matrix Geo Solutions, a company known for its expertise in drone and space technologies, has raised close to $1 million in a recent funding round. This pre-IPO funding came from well-known investors, including Chittorgarh Infotech Limited, Viney Equity Markets LLP, and Tryrock Capital Trust AIF. The investment round was managed by IntelliFin Private Limited as the sole investment banker.
The funds raised will help Matrix Geo Solutions prepare for its upcoming SME IPO, with plans to file its Draft Red Herring Prospectus (DRHP) soon. Founded in 2008 by Amit Sharma and Rahul Jain, the company aims to strengthen its presence in the growing drone services market both in India and globally. The new funding will support the company in scaling up operations and enhancing its leadership in the industry.
Advanced Geospatial Services
Matrix Geo Solutions uses innovative drone and satellite technology to provide valuable services for sectors like railways, roadways, agriculture, mining, urban planning, and solar power. These services help improve planning, monitoring, and decision-making, leading to better efficiency and cost savings. Over the years, the company has worked with various industries, offering solutions for irrigation, hydropower, metro projects, and surveillance.
To promote knowledge in drone and space technologies, Matrix Geo Solutions has launched the Drone Academy of India. This academy provides practical and industry-focused training programs aimed at students, infrastructure companies, and government agencies. This educational initiative is part of the company’s mission to build skills and encourage the use of advanced geospatial technology.
Matrix Geo Solutions’ latest funding round marks an important step in its journey toward an SME IPO and expanding its reach in the drone technology sector. With the new investments, the company is set to scale its operations, boost its educational programs, and reinforce its position as a leader in geospatial technology.
