5Y News | Data Intelligence Startup "MatrixOrigin" Raises Eight-Figure USD Angel Round
Explore the origins of the digital world.
Matrix Origin (Shenzhen) Information Technology Co., Ltd. (Matrix Origin) recently announced the completion of a multi-million-dollar angel funding round, led by 5Y Capital, with participation from K2VC, Yuanlai Capital, and WeLight Capital. The proceeds will be fully devoted to R&D for MatrixOne, a new-generation big data engine, and to building its open-source community.
Liu Kai, Partner at 5Y Capital, said: "5Y has long been bullish on digitalization and intelligentization, and we've invested in numerous outstanding companies in these areas. However, in the industrial sector, enterprises have for a long time devoted most of their investment to hardware upgrades and automation equipment, with very low willingness to invest in digital intelligence. We believe this is a massive blue-ocean market, but one that also demands fundamentally different infrastructure and application capabilities. The founding team at Matrix Origin brings rich industrial experience, and we look forward to the company carving out a completely different path in industrial digital intelligence."
Wang Long, founder of Matrix Origin, said: "Over the next 20 years, industrial internet, industry internet, and digital twins will be the key scenarios for digital transformation. The rapid growth of distributed cloud, 5G, edge intelligence, and the Internet of Everything will lead to explosive growth in computing, storage, and data analytics demands. To better adapt to infrastructure changes and meet surging application scenarios, we need a future-oriented big data engine."
The Matrix Origin team brings deep experience in distributed infrastructure, big data, artificial intelligence, and databases, comprising experts across product, R&D, solutions, ecosystem, and open-source community.
As a newly designed next-generation big data engine for cloud-edge heterogeneous collaboration, MatrixOne is committed to providing developers with simple, flexible data analytics tools, and delivering partners and customers a data intelligence platform with optimal efficiency and out-of-the-box usability. At the same time, MatrixOne will fully embrace the existing ecosystem, remaining open-source and open, gathering community users to jointly explore the path of future digitalization, and building an open-source technology community that fully supports the digitalization of tomorrow's world.
5Y Capital (formerly Morningside Venture Capital) currently manages approximately $5 billion across USD and RMB dual-currency funds. We believe the world would be a better place if the "crazy" you that others see starts to be believed.
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