Diligence memo · auto-generated · as of July 2, 2026
MatX Inc.
MatX Inc. looks fair against its niche peers and is active on financing cadence.
Businessfiled
MatX Inc. operates in Other Technology, based in Mountain View.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
MatX Inc. has raised $648M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $528M on 2026-02-18.
Most recent recorded round closed around 2026-02-18.
Valuation (modeled)modeled
Provath models MatX Inc. at approximately $5.0B (range $4.0B–$5.6B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.00× the median modeled value of Growth/Late Other Technology companies in 2025–2027 (9 peers) — value vs value, same stage and era. Within the normal band (100% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 13 months.
Last raise 4 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 5.6× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 100% of Other Technology peers (21302 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: EssentaTor Inc., Kalshi Inc., nFusz, Inc., Rarestep, Inc., Fluidstack Ltd.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.