Matrix Geo Solutions Secures Nearly $1 Million in a pre-IPO Funding

In a pre-IPO investment round, Matrix Geo Solutions is a geospatial business that specializes in drone and space technology, raised around $1 million.

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Prominent investors such as Tryrock Capital Trust AIF, Viney Equity Markets LLP, and Chittorgarh Infotech Limited provided the money. The round's only investment banker was IntelliFin Private Limited.

Preparing for IPO launch

The company, which was founded in 2008 by Rahul Jain and Amit Sharma, is getting ready to submit its Draft Red Herring Prospectus (DRHP) for a SME IPO with the goal of increasing its market position in the rapidly growing drone services industry both domestically and internationally.

The money will go into growing its business and solidifying its position as a leader in the industry.

Innovations in geospatial technology

Matrix Geo Solutions supports industries like solar power, mining, roads, railroads, agriculture, and urban planning by utilizing state-of-the-art drone and satellite technology.

The company's products improve decision-making, monitoring, and planning procedures, which lowers costs and produces better results. Matrix Geo has served a variety of businesses throughout the years, including surveillance, hydropower, irrigation, and metro projects.

Capacity-building through education

The company recently introduced the Drone Academy of India, a program designed to advance drone and space technology education.

Matrix Geo's goal to increase capacity and accelerate the implementation of its technology is in line with the academy's practical, industry-focused training programs for students, infrastructure companies, and governmental organizations.

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