iMatrix Systems has completed an initial round of angel funding exceeding $2 million to launch a complete SaaS iMatrix Cloud IoT solution, including a portfolio of wireless sensors. Initial offerings include Cold Chain solutions for temperature, humidity, door open/close alerts, leak detection, and Hydroponic Farming related sensors for the emerging Industrial Internet of Things (IIoT) and Internet of Things (IoT) markets. The company focuses on IoT-related systems involving Environmental Sensors, Agriculture and Building management controls, and sensors. iMatrix cloud can also operate on-premise for customers needing to maintain complete data control.
The company debuts the iMatrix Micro Gateway bridge to enable all wireless sensor configuration, control, monitoring, and analytics managed through the iMatrix proprietary cloud services. This breakthrough technology leverages robust cloud services for monitoring and effective edge management for various markets. iMatrix is an ideal monitoring/management security solution for agriculture, residential and commercial buildings, the emerging commercial cannabis industry, water and irrigation systems, heating/ventilation and air conditioning (HVAC) systems, and critical infrastructure.
Founder and serial entrepreneur Greg Phillips has spent more than 35 years in executive roles in product development explicitly targeting communications products, including SCADA systems, IoT, Cloud Computing Platforms, Broadband wireless equipment ranging from Base Station to multi-radio meshed network gateways and subscriber units. He founded the first Australia-wide Internet Service provider and successfully exited with a sale to Asia Online at the peak of the dial-up Internet Access market. Phillips has designed and licensed communications products for industry leaders, including Analog Devices, Nortel, IBM, Toshiba, GEC, Telstra.
"IoT and IIoT devices power our global economy with billions in revenue today and expect to reach $1.6 trillion by 2025," said Phillips. "Currently, we're nearing 30 billion IoT devices in use, with as many as 60 billion or higher by the close of 2025. These devices can do everything from monitoring ambient conditions, creating a home or corporate security system, remotely controlling our cars, and much more. And we believe the iMatrix suite of offerings is an ideal fit for the highest growth markets of this decade.
"We have spent the last two years building a team of amazing engineers building a massively scalable cloud sensor collection and tracking system. The well hierarchically structured and clean User Interface design provides the mobile and Web-based user with concise monitoring, configuration, including a sophisticated multi-layer notification system for alarm conditions."
Target markets for iMatrix products include the temperature logger vertical, medical markets for the blood supply and biospecimen chain, restaurant, and hospitality for food and spirits, the shipping industry (in the temperature-controlled Cold Chain environment), home and health (including RVs, hotels, vacation homes), temperature loggers for business locations, and agriculture (including cannabis) and food supply chain.
"Consider the fact that IoT devices have intimate access to the closest details of our lives and our businesses," said Phillips. "With access to a leak monitoring, and freezer and refrigeration systems, a hacker can view and record anything the sensors can see. Suppose a hacker intercepts data packets during transmission and creates false flags, either fabricating false locations or sensor readings or preventing real emergencies from being detected. In these cases, they can steal the crucial information your business relies on to keep you safe and ahead of competitors. iMatrix's secure data collection system keeps our customer's data secure."
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