MATRIXX delivers a cloud-native digital commerce solution that unifies IT and networks to provide commercial and operational agility for consumer services, wholesale and enterprise marketplaces. The company offers a multi-cloud monetization platform and a network-grade converged charging system (CCS) designed to support hyper-scaling of infrastructure. MATRIXX has grown over 60% year over year and reported a more than 60% increase in contracted subscribers alongside a 50% increase in total customers in the last eighteen months. Key operator customers and expansions include Dish, Telefonica/O2 Germany and Telstra. MATRIXX plans to use new funding to accelerate R&D, evolve and expand product capabilities, and solidify its leadership position. The company is also targeting expansion into adjacent customer segments and industries enabled by 5G, including cloud, edge and private networks and sectors such as transport, logistics and healthcare. MATRIXX Software offers a next-generation Digital Commerce platform that reinvents telco business support systems by unifying product design, customer engagement, service delivery and monetization into a single platform. The multi-patented platform was built from scratch to serve next-generation digital IT architectures and is packaged to avoid multi-year transformation projects. MATRIXX is Silicon Valley–based and led by founder, CEO and CTO Dave Labuda. The company reported 130% year-over-year growth and has been adding customers across North America, the UK, Europe, the Middle East and Asia. MATRIXX plans to use the newly raised capital to fuel rapid global expansion and accelerate customer deployments. The platform is positioned to help operators simplify backend operations and compete with agile digital rivals. Matrixx Software is a US-based provider of real-time, integrated infrastructure for the business of digital service providers. Its core offering supplies integrated, real-time infrastructure capabilities to support digital service operators. The company is positioned to serve operators and other digital-service businesses. The article does not include operating metrics or financial performance data. Philippine venture capital firm PLDT Capital invested $5 million in Matrixx Software. The report does not disclose the financing instrument or additional investors. MATRIXX Software develops real-time charging, policy and analytics solutions designed for the intensive demands of the digital services environment. Its platform gives communications service providers instant visibility, intelligence and control of services to enable transformation from traditional communications to digital services. The company positions service providers to support LTE deployments and create high-touch, low cost-to-serve applications and personalized pricing plans. MATRIXX’s technology is described as delivering up to a 100 times increase in efficiency and scalability. The company says its offering empowers subscribers in the moment and supports the emerging digital economy. MATRIXX’s CEO and founder Dave Labuda highlights the critical importance of real-time technology for service provider success. MATRIXX Software delivers real-time processing for telecommunications, giving communications service providers instant visibility, intelligence, and control of services across mobile networks. The company combines patent-pending smart-charging technology with mobile apps and dashboards to transform network traffic into actionable information as smart devices proliferate. MATRIXX says its technology yields a 100x increase in performance and efficiency, making convergent real-time deployable at commercial scale. The solution is positioned to let CSPs reap the benefits of real-time customer interaction without incurring the massive investments required by traditional real-time systems. The product suite emphasizes charging, policy, and insight to support interactive, highly responsive service management and monetization.

Total raised

$116M

Funding rounds

7

Latest round

Equity

Latest activity

Oct 2021