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MATRIXX Software delivers a real-time digital commerce platform, specializing in converged charging and billing solutions for communications service providers. Its MATRIXX Digital Commerce Platform integrates rating, charging, and billing into a unified system, enabling dynamic service monetization and agile revenue management. The technology supports diverse billing models, from on-demand to subscriptions, for complex service portfolios.
Dave Labuda and Jennifer Kyriakakis co-founded MATRIXX Software in 2009. Kyriakakis, with her telecommunications expertise, identified the need for a fundamental shift in how telcos operated within the digital economy. Their foundational insight aimed to empower service providers with responsive, real-time capabilities, overcoming legacy system limitations in revenue management.
Global communications service providers leverage the platform to manage intricate enterprise and consumer offerings, spanning fixed, mobile, and cloud services. MATRIXX Software’s vision centers on enabling these operators to enhance customer value and efficiently monetize new digital services. The company helps clients optimize revenue streams and maintain adaptability in evolving market landscapes.
MATRIXX Software has raised $116.0M across 5 funding rounds.
MATRIXX Software has raised $116.0M in total across 5 funding rounds.
MATRIXX Software is a telecommunications technology company specializing in a cloud-native Digital Commerce Platform (DCP) that provides converged charging, billing, and monetization solutions for service providers.[1][2][3] It serves global telecom operators like Telefónica, Telstra, Tata Communications, and DISH, addressing the limitations of traditional Business Support Systems (BSS) by enabling real-time, personalized offerings across consumer, enterprise, and wholesale segments.[2][3][4] The platform solves core problems in billing operations—such as slow innovation, inflexible pricing, and delayed revenue recognition—through no-code configuration, API-first design, and 5G-ready architecture, driving rapid product deployment, dynamic pricing, and revenue growth.[1][4][5]
With around 300 employees and proven scale, MATRIXX supports on-demand billing, subscriptions, and real-time customer engagement, positioning it as a leader in telecom digital transformation.[3][6][7]
Founded in 2009 and headquartered in Foster City, California, MATRIXX Software emerged to tackle the rigidities of legacy billing systems in the evolving telecom landscape.[3] While specific founders are not detailed in available sources, the company quickly gained traction by delivering a dynamic, scalable alternative to traditional BSS, attracting major clients like Telefónica and IoT providers early on.[2][3] Pivotal moments include its shift to a fully cloud-native, SaaS-based model and validation on platforms like AWS Marketplace and Red Hat, solidifying its role as a 5G monetization leader serving the world's largest operator groups.[1][8]
This evolution from a billing innovator to a comprehensive commerce platform reflects the telecom industry's move toward agility amid 5G rollout and digital services demand.[4][6]
MATRIXX rides the 5G monetization wave, capitalizing on telecom's shift from connectivity to dynamic, consumption-based services amid exploding data demands and edge computing.[4][8] Timing is ideal as operators deploy 5G networks, needing agile BSS to unlock new revenue from IoT, enterprise slicing, and personalized plans—market forces like real-time charging standards (e.g., CCS) and cloud migration favor its API-driven, scalable platform.[1][2][4] It influences the ecosystem by enabling operators to compete with hyperscalers, fostering innovation in network-as-a-service (NaaS) and digital experiences, while reducing operational silos for broader industry efficiency.[3][6]
MATRIXX is poised for expansion as 5G matures and AI-driven services demand even faster monetization, potentially deepening integrations with edge AI and blockchain for usage-based models.[4][6] Trends like zero-touch automation and global 5G adoption will amplify its growth, evolving its influence from billing disruptor to essential commerce enabler in a $1T+ telecom market. Watch for deeper enterprise/IoT penetration and SaaS subscription surges, building on its scale-proven edge to capture more operator spend. This cements MATRIXX as a high-momentum player transforming telecom commerce at speed.[2][3][8]
MATRIXX Software has raised $116.0M across 5 funding rounds. Most recently, it raised $50.0M Other Equity in October 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 14, 2021 | $50M Venture Round | Peter Gingold | — | Announced |
| Jan 1, 2018 | $40M Series C | Stefan Dyckerhoff | General Catalyst, Karim Faris, IVP, Lumia Capital, Telstra Ventures, George Hoyem, Adams Street Partners, Susan Buttsworth, Greylock Partners, Spring Lake Equity Partners, Swisscom Ventures | Announced |
| Mar 30, 2016 | $5M Venture Round | Pldt Capital | — | Announced |
| Oct 11, 2011 | $12M Venture Round | Bruno Dizengremel | Adams Street Partners | Announced |
| Mar 1, 2010 | $9M Series A | Dave Strohm, Dafina Toncheva | U.S. Venture Partners | Announced |
MATRIXX Software has raised $116.0M in total across 5 funding rounds.
MATRIXX Software's investors include Peter Gingold, Stefan Dyckerhoff, General Catalyst, Karim Faris, IVP, Lumia Capital, Telstra Ventures, George Hoyem, Adams Street Partners, Susan Buttsworth, Greylock Partners, Spring Lake Equity Partners.
