Deeptech startup DeepMatrix has raised $1.6 million in a pre-Series A funding  led by YourNest and Arali Ventures along with participation from lead angels and Tracxn founder Abhishek Goyal.

Company said in press release , That the latest funds will be allocated towards accelerating its growth, enhancing product offerings in mining and asset management, and expanding presence in key markets including the United States and Australia.

It was founded in 2022 by Naresh Soni and Kaustubh Tripathy, DeepMatrix enables enterprises to manage all geospatial data in one place, helping them reduce costs, enhance safety, and optimize resource management. The platform claims that its cloud-native platform has already saved enterprises thousands of hours by accelerating the analysis of massive geospatial datasets.

According to firm, it offers enterprises a cutting-edge platform that eliminates friction and significantly reduces the time required for geospatial data analysis. The company also claims to have mapped extensive acres of land and completed hours of data collection, providing critical insights for urban land, forests, quarries, mines and key infrastructure assets such as transmission towers, highways and more.

DeepMatrix addresses the challenges of data annotation, labeling, analysis and reporting. It unifies and simplifies data ingestion, analysis and visualization, providing an intuitive solution for enterprises to manage and interpret large volumes of geospatial data efficiently.

 

visit: gamicaltech.com deepmatrix