Geospatial analytics co. DeepMatrix raises $1.6 M from YourNest, Arali, others

Bengaluru-based geospatial analytics startup DeepMatrix has raised USD 1.6 million (INR 13.28 crore) in a pre-Series A funding round co-led by YourNest and Arali Ventures, with participation from a host of angel investors, including Abhishek Goyal.The company plans to use the fresh capital to boost its product stack, scale up offerings in mining and asset management and expand to the US and Australia.Founded in 2022, DeepMatrix offers a cloud-native SaaS platform that unifies and simplifies data ingestion, analysis and visualisation for geospatial data.