Matiks raises $10M to expand its math and puzzle gaming platform
Matiks has introduced a new platform for users to create games using AI.
Matiks, a gaming company from India, has secured $10 million in pre-Series A funding led by General Catalyst to expand its math and puzzle gaming platform. The startup, founded by Sudhanshu Bhatia, Mohan Kumar, and Sushant Timmapur, aims to offer entertaining math, logic, and brain game puzzles to users, steering them away from AI-riddled timelines.
Over the past decade, brain games like QuizUp and battle royale titles like Fortnite and PlayerUnknown's Battlegrounds gained popularity. However, growth in mobile games has slowed due to an influx of AI content across platforms. Matiks, which has been around for two years, experienced a surge in user engagement this year, with daily users growing from 22,000 to over 300,000 by September. The app also attracted 2.2 million monthly active users in September.
Funding from this round will enable Matiks to scale its game creation platform, Jelo, which allows users to create and share their own games. With 41 full-time employees, Matiks aims to expand into new markets, including the U.S., South Korea, and Japan. The company is focusing on user growth and has recently started testing a subscription service, which unlocks additional features.
Despite the competition in the gaming industry, Matiks believes its exceptional product and community engagement indicate a promising future in monetization.
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