Matrix iQ
Founded Year
2001Stage
Private Equity | AliveMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+306 points in the past 30 days
About Matrix iQ
Matrix iQ provides telematics and IoT solutions for the fleet management and insurance sectors. The company offers services including vehicle tracking, driver risk management, fleet efficiency optimization, advanced video monitoring, and asset recovery devices. Matrix iQ serves businesses aiming to improve the safety of their fleet and protect their assets. The company was formerly known as Matrix Telematics. It was founded in 2001 and is based in Altrincham, England.
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Expert Collections containing Matrix iQ
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Matrix iQ is included in 3 Expert Collections, including Auto Tech.
Auto Tech
2,715 items
Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.
ITC Vegas 2024 - Exhibitors and Sponsors
699 items
Created 9/9/24. Updated 10.22.24. Company list source: ITC Vegas. Check ITC Vegas' website for final list: https://events.clarionevents.com/InsureTech2024/Public/EventMap.aspx?shMode=E&ID=84001
Supply Chain & Logistics Tech
4,664 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Latest Matrix iQ News
Jul 29, 2025
QBE has entered into a strategic partnership with Matrix iQ to provide fleet-operating clients with real-time insights into driver behaviour, claims trends and operational risk using connected vehicle and behavioural data. Through the agreement, QBE customers will have access to Matrix iQ's technology platform, which integrates with existing telematics systems. The solution consolidates multiple data sources into a dashboard wherein fleet managers can monitor performance-based trends. The platform also incorporates environmental, social and governance (ESG) metrics, enabling users to track vehicle emissions and monitor sustainability performance alongside operational risk data. Jon Dye, director of underwriting, motor, for QBE Europe, said the collaboration gives customers greater visibility into emerging risks and driver behaviour patterns. He noted that the platform will support more informed fleet management and aligns with QBE's broader aim to deliver services that go beyond traditional insurance cover. Dylan Taylor, insurance partnership manager at Matrix iQ, said the initiative is intended to enhance risk insight for customers by supporting improvements in road safety, environmental performance and operational resilience. The system is currently being rolled out to selected QBE clients, with broader access expected in the coming months. The announcement comes amid continued pressure on the UK's commercial motor insurance market. Fleet operators are facing sustained cost pressures due to claims inflation, supply chain disruptions, and the rising frequency of large losses. The fleet insurance segment remains one of the largest components of the UK motor insurance market, covering vehicles from light commercial vans to large goods fleets. Insurers are increasingly turning to telematics, analytics and third-party data to better understand risk exposures, improve underwriting accuracy and manage claims. QBE's collaboration with Matrix iQ is part of this wider industry trend. The deal also follows QBE's recent agreement with Ki, a Lloyd's-based digital underwriting platform. From March 2025, QBE capacity is being made available across multiple open market classes via Ki's algorithm-driven platform, including property, cargo, energy and cyber. The arrangement forms part of QBE's broader push into digital distribution and data-led underwriting. Fetching comments... Keep up with the latest news and events Join our mailing list, it's free!
Matrix iQ Frequently Asked Questions (FAQ)
When was Matrix iQ founded?
Matrix iQ was founded in 2001.
Where is Matrix iQ's headquarters?
Matrix iQ's headquarters is located at Matrix House Merlin Court, Atlantic Stt, Altrincham.
What is Matrix iQ's latest funding round?
Matrix iQ's latest funding round is Private Equity.
Who are the investors of Matrix iQ?
Investors of Matrix iQ include Bridges Fund Management.
Who are Matrix iQ's competitors?
Competitors of Matrix iQ include Netradyne and 8 more.
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Compare Matrix iQ to Competitors
Lightfoot is a company specializing in fleet management solutions within the transportation sector. They offer a suite of products including in-cab driver coaching technology, a telematics suite, and AI-powered dashcams. Lightfoot's solutions aim to assist businesses with fuel consumption, emissions, and vehicle downtime. It was founded in 2013 and is based in Exeter, England.
Motive provides a platform for fleet operations within the physical economy. The platform includes services such as driver safety, fleet management, equipment monitoring, spend management, workforce management, and AI vision solutions. The technology is designed to offer insights and automation to improve operations. Motive was formerly known as KeepTruckin. It was founded in 2013 and is based in San Francisco, California.
LightMetrics provides video telematics solutions for the automotive ecosystem and focuses on fleet safety and efficiency. The company offers real-time driver coaching and safety analytics through a platform that integrates with various dashcam hardware, utilizing edge AI technology to analyze driver behavior and provide alerts. LightMetrics serves the automotive ecosystem, including OEMs, Tier-1 suppliers, and telematics service providers, by enabling them to offer driver safety offerings without the need for dedicated hardware. It was founded in 2015 and is based in Bengaluru, India.
Driver Technologies focuses on automotive software and cloud technology for connected vehicles in the automotive industry. The company provides a mobile application that turns smartphones into dash cams, using artificial intelligence to offer safety alerts and monitor driver behavior. Driver Technologies serves individual drivers looking for vehicle safety and connectivity. It was founded in 2018 and is based in New York, New York.
Nexar develops smart artificial intelligence (AI) dashboard cameras. Its main offerings include AI-enabled dashboard cameras and a companion application, which records drives, backs up important videos to the cloud, and provides immediate evidence to the user's phone. It primarily sells to the public sector, the insurance industry, and other enterprises. It was founded in 2015 and is based in Tel Aviv-Yafo, Israel.
Cyrrup specializes in logistics and fleet management solutions within the technology sector. The company offers products such as the Vehicle BlackBox, which monitors driving behavior and vehicle performance, and Smart Fleet Management, which organizes vehicle, trip, and driver data. These solutions serve the transportation and logistics industries. It was founded in 2017 and is based in Hyderabad, India.
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