Matic's Founders Delayed Outside Capital Until Their Home Robot Could Prove Itself
Mehul Nariyawala and Navneet Dalal delayed outside capital for Matic, their home-robotics company, self-funding it for roughly its first year and a half until they had a working prototype. Founded after the pair left Google Nest in 2017, Matic began shipping in November 2024, has raised $115 million and has sold more than 13,000 robots, generating an estimated $15 million to $20 million in revenue.
Matic's funding sequence followed a fixed end point, which Mehul Nariyawala calls the Apple of home robotics. Having been through two acquisitions by Google, the founders knew a second raise would come slightly easier, and he describes that ease as a hazard that cuts short the thinking behind an idea. Capital waited for proof, and the long view held even as shipping slipped past the 2020 or 2021 first expected.
Source: Entrepreneur · November 3, 2026