Matix provides AI-powered IoT infrastructure and software for industrial mold and die asset management. The platform delivers efficiency analysis, predictive maintenance insights, and supply chain visibility to manufacturing operations. This results in increased Overall Equipment Effectiveness (OEE), extended tooling lifecycles, and reduced unplanned downtime.
Funding
$2.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Manufacturers often lack real-time visibility into the performance and location of their industrial molds, leading to late part delivery, stock shortages, and increased downtime. This lack of insight hinders efficient supply chain management and prevents proactive maintenance, ultimately shortening mold lifespan and increasing operational costs.
Solution
Matix offers an IoT-enabled telemetry solution for industrial mold management, providing real-time monitoring of mold performance and location. The system comprises a wireless IoT sensor that attaches to any mold and a cloud-based platform that processes and visualizes the collected data. By tracking metrics such as shot count, cycle time, uptime, and mold location, Matix enables manufacturers to optimize their time to market, prevent late part delivery, and proactively address maintenance needs. The platform leverages AI and machine learning algorithms to provide in-depth analytics, promote optimal asset management, and enhance supply chain resilience.
Target Audience
The primary target audience includes manufacturing companies that utilize industrial molds, particularly those in the plastics and metal injection molding industries, seeking to improve mold efficiency, reduce downtime, and optimize supply chain management.
Features
- Wireless IoT sensor with a high-precision accelerometer for tracking mold performance
- Narrowband IoT (NB-IoT) connectivity for secure and reliable data transmission to the cloud
- Real-time geolocation tracking of molds
- Cloud-based dashboard accessible from any device (PC, tablet, smartphone)
- Historical data analysis and reporting
- Customizable alarms for production stoppages or tampering
- AI-powered analytics for predictive maintenance and performance optimization
- High heat tolerance (up to 150°C) for use in demanding industrial environments