Matriq

Matriq

Marking takes place directly in the manufacturing machine, whether in injection molding, blow molding or thermoforming. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$19m (Public information from Jul 2024)
Company register number CHE-390.940.924
St. Gallen Canton of St. Gallen (HQ)
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DateInvestorsAmountRound
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N/A

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N/A

Spinout
N/A

CHF1.8m

Seed
*
N/A

CHF1.8m

Series A
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CHF4.2m

Early VC
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N/A

CHF1.0m

Valuation: CHF21.0m

Seed
*

CHF1.0m

Valuation: CHF21.0m

Seed
Total Funding$8.9m

Recent News about Matriq

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Matriq AG, a spin-off from the Eastern Switzerland University of Applied Sciences OST, specializes in innovative marking solutions for plastic parts. Founded in October 2019 and headquartered in St. Gallen, Switzerland, the company has developed a groundbreaking technology called DynamicMold. This technology enables the customized marking and coding of plastic parts directly during the injection molding process.

DynamicMold integrates an 8 mm diameter insert into each cavity of an injection mold, which can be easily adopted by any mold maker or injection molder. The system includes a controller on the mold's exterior to operate the inserts and a power supply unit called LinQ, which also serves as a user interface. This setup allows for the direct marking of injection-molded parts with a 2D DataMatrix code during the forming process, enhancing efficiency, reliability, and counterfeit protection.

Matriq serves a diverse range of clients in the plastics manufacturing industry, including automotive, medical, and consumer goods sectors. These clients benefit from the ability to mark their products with unique identifiers directly during production, which is crucial for traceability, quality control, and anti-counterfeiting measures.

The company operates in the industrial manufacturing market, focusing on the niche of polymer marking solutions. Matriq's business model revolves around selling and licensing its DynamicMold technology to injection molders and mold makers. Revenue is generated through the sale of the inserts, controllers, and LinQ units, as well as through ongoing support and maintenance services.

In summary, Matriq AG is revolutionizing the plastics industry with its innovative marking technology, providing a reliable and efficient solution for product identification and traceability.

Keywords: DynamicMold, plastic marking, injection molding, DataMatrix code, anti-counterfeiting, traceability, industrial manufacturing, polymer solutions, innovation, St. Gallen.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.