2019
Bengaluru (India)
Seed
UrbanMatrix Technologies Pvt. Ltd. is a pioneering drone technology company based in Bangalore, India, founded in 2019 by a team of engineers from IIT Madras. The company specializes in developing end-to-end drone solutions for various industrial applications, including inspections, surveys, and security operations.
Drone Solutions: UrbanMatrix focuses on autonomous aerial technology, providing drones for sectors such as infrastructure, agriculture, surveillance, and asset inspection.
Product Line: Their notable product includes the UMT Hawk4G drone, which has received type certification from the Directorate General of Civil Aviation (DGCA) in India. This certification marks a significant achievement as it positions UrbanMatrix as a leading manufacturer in the Indian drone industry.
Research and Development: The company has established an R&D partnership with Orxa Energies to develop high-performance drone battery packs, enhancing their product offerings for civil applications.
UrbanMatrix has partnered with several key players in the industry, including:
ISRO: Collaborating on advanced drone technologies.
Paras Aerospace and ATV: Engaging in joint ventures to enhance operational capabilities.
The co-founders of UrbanMatrix include Rishabh Verma, Ashutosh Kumar, Divyanshu Pundir, and Ajay Karthik. They bring a wealth of experience and expertise from their backgrounds at IIT Madras.
UrbanMatrix stands out as one of India's premier drone technology companies, recognized for its cutting-edge systems and proprietary software infrastructure. The company aims to address the growing demand for drone solutions across various industries while leveraging cloud technology to scale operations effectively.
In summary, UrbanMatrix Technologies is at the forefront of India's drone industry, focusing on innovative solutions that cater to diverse industrial needs while fostering growth through strategic partnerships and technological advancements.
$1.24Million
2
$722.0K, Seed
as of October 26, 2023
$3.31Million
as of N/A
6.94
as of N/A
LetsVenture
and 4 more11
insideFPV
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Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
October 26, 2023 | Seed | $722.0K | - | $119.0K | - | Inflection Point Ventures |
February 27, 2021 | Seed | $518.0K | $3.3Million | $11.2K | 249.4x | O2 Angels Network, Angel Scions , SARA ELGI, LetsVenture, Q Business, Integrated Logistic Services, P R Integrated Logistics |