Beijing Matrix Intelligent secures several tens of millions of RMB in Series A financing led by SIG Asia to enhance its low-code machine vision development platform.

Target Company Overview

Beijing Matrix Intelligent Technology Co., Ltd., referred to as 'Matrix Intelligent', recently announced the completion of a Series A financing round, raising several tens of millions of RMB. Founded in 2018, Matrix Intelligent focuses on providing a low-code development platform for machine vision, adhering to its core philosophy of 'zero code, zero barriers, zero hardware, and zero cost'. This innovative approach empowers engineering teams across various industries to implement machine vision technologies more effectively.

Matrix Intelligent's platform includes deep learning algorithms and integrates 2D/3D vision capabilities alongside services as a software and application platform (aPaaS). With a development toolchain encompassing over one hundred tools, the platform has grown its client base to over ten thousand with a customer growth rate of 600% annually. The company plans to use the funds raised in this financing round for product iteration, technological upgrades, and market expansion.

Industry Overview

The machine vision sector has seen a reluctance in adoption, with only 5% of potential users leveraging the technology, leaving a substantial 95% untapped potential within the market. This discrepancy signals a significant opportunity within the global ma