NEW DELHI: DeepMatrix, a leading innovator in geospatial analytics, has successfully raised ₹134 million in a pre-Series A funding round. The round was led by YourNest and Arali Ventures, with additional support from lead angels and Abhishek Goyal, Founder of Tracxn.
This fresh infusion of equity capital will play a pivotal role in driving DeepMatrix’s growth, enhancing its product offerings in mining and asset management, and expanding its footprint in key international markets, including the United States and Australia.
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The global geospatial analytics market, valued at ₹7,201 billion in 2022, is projected to grow at a robust compound annual growth rate (CAGR) of 12.6% from 2024 to 2030. DeepMatrix is strategically positioned to capitalize on this growth trend, offering enterprises a cutting-edge platform designed to eliminate friction and significantly reduce the time required for geospatial data analysis.
Since its inception in 2022, the company has mapped vast acres of land and conducted extensive hours of data collection, delivering critical insights for urban land, forests, quarries, mines, and key infrastructure assets such as transmission towers and highways. Founded by a team with over 20 years of deep technology and data experience, DeepMatrix’s platform allows enterprises to manage all geospatial data in one centralized location.
This capability helps organizations reduce costs, enhance safety, and optimize resource management. The platform’s fully managed, cloud-native architecture has already saved enterprises thousands of hours by accelerating the analysis of massive geospatial datasets.
As drones and satellite imagery become increasingly vital for spatial mapping across industries like mining, agriculture, construction, and energy—including oil & gas, power transmission, and renewable energy—DeepMatrix addresses the complex challenges of data annotation, labeling, analysis, and reporting.
The platform unifies and simplifies data ingestion, analysis, and visualization, providing enterprises with an intuitive solution to efficiently manage and interpret large volumes of geospatial data. DeepMatrix is poised to revolutionize geospatial analytics, leveraging cutting-edge technology to empower businesses and drive insightful decision-making.