Matrix Geo Solutions, a geospatial technology company specializing in drone and satellite-based solutions, has raised close to $1 million in its pre-IPO round. The funding comes from Chittorgarh Infotech Limited, Viney Equity Markets LLP, and Tryrock Capital Trust AIF. The Delhi-based company plans to utilize the proceeds to drive growth and expand its market share in India’s rapidly advancing drone services sector and abroad.
Co-founded by Amit Sharma and Rahul Jain in 2008, Matrix Geo Solutions leverages advanced drone and satellite technologies to support its customers in planning, monitoring, and management. The company’s solutions enhance efficiency, reduce costs, and facilitate informed decision-making across diverse industries.
Matrix Geo has delivered services to sectors such as Railways, Roadways, Agriculture, Hydropower, Mining, Urban Planning, Solar Power, and more. These efforts have solidified its reputation as a trusted partner in critical infrastructure and development projects.
In its latest expansion efforts, the company launched the Drone Academy of India, an initiative to build a skilled workforce in drone and space technology. The academy offers hands-on, industry-relevant training to students, government bodies, and major infrastructure firms, helping to bridge the talent gap in this emerging field.
With plans to file its Draft Red Herring Prospectus (DRHP) for an SME IPO soon, Matrix Geo Solutions aims to capitalize on the growing global demand for drone technology. This announcement comes amid a surge in the drone sector, highlighted by recent funding rounds, such as Airbound’s $1.7 million seed funding led by Lightspeed Ventures.
As the drone services market continues to expand, Matrix Geo Solutions is positioning itself to be a leading player in both technological innovation and capacity building.
