iMatrix Systems Raises Over $2M in Initial Funding

iMatrix Systems, a Lake Tahoe, NV-based Industrial Internet of Things (IIoT) solutions provider, raised over $2M in initial funding.

The backers were not disclosed.

The company intends to use the funds to launch its SaaS iMatrix Cloud IoT solution, including a portfolio of wireless sensors.

Led by Greg Phillips, iMatrix is advancing a SaaS iMatrix Cloud IoT solution, including a portfolio of wireless sensors. Initial offerings include Cold Chain solutions for temperature, humidity, door open/close alerts, leak detection, and Hydroponic Farming related sensors for the emerging Industrial Internet of Things (IIoT) and Internet of Things (IoT) markets.

iMatrix is an ideal monitoring/management security solution for agriculture, residential and commercial buildings, the emerging commercial cannabis industry, water and irrigation systems, heating/ventilation and air conditioning (HVAC) systems, and critical infrastructure.

Target markets include the temperature logger vertical, medical markets for the blood supply and biospecimen chain, restaurant, and hospitality for food and spirits, the shipping industry (in the temperature-controlled Cold Chain environment), home and health (including RVs, hotels, vacation homes), temperature loggers for business locations, and agriculture (including cannabis) and food supply chain.

FinSMEs

22/02/2022