Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
MathWorks history
MathWorks company history timeline
It soon moved to the Boston area and was registered in Massachusetts on June 18, 1986. (A Delaware corporation of the same name was organized in 1997.) It was originally incorporated as a California company on December 7, 1984.
The company’s first relocation took place in 1986, when it was moved to Massachusetts, while employees had been working remotely from different locations.
The steady rise of the company made it move again in 1988, this time to South Natick, the area where its present headquarters is situated.
By the time version 4.0 was released in 1991, the software was selling for $2,995.
In 1991, MathWorks laid out a mission involving four components: technological, business-related, human, and social.
Mathworks made its online presence in 1993, when mathworks.com was one among the initial 75 websites registered for the commercial purpose.
In 1994, Cleve Moler developed a software-based correction for the notorious floating-point error discovered in the Pentium chip.
Cell arrays were introduced with MATLAB 5 in 1996.
Cambridge Control, a U.K. software producer and engineering firm, was acquired in October 1997.
The work force was growing rapidly, numbering 380 employees by 1997.
The company was moved to its present address in 1999, after which further expansion was made to other parts of the world.
Cambridge Control was renamed The MathWorks Ltd. in June 2000, and the consulting arm was dubbed Cambridge Consulting Group.
The MATLAB desktop was introduced in 2000.
2001 Sales are reportedly about $200 million; the company has about 1,000 employees.
In November 2004, the company bought its two headquarters buildings for $49.7 million in one of the largest corporate real estate deals the area had seen in years.
Parallel Computing Toolbox™ was introduced at the SuperComputing conference in 2004.
2005 Sales are reportedly about $350 million.
In 2006, the company was heavily involved in the aerospace and defense industry, and was participating in the United States Army's multibillion dollar Future Combat System.
Major enhancements to MATLAB object-oriented programming capabilities were made in 2008.
The Live Editor was introduced in 2016 and is still evolving rapidly.
MathWorks has maintained robust growth, adding a second campus to its Natick, Massachusetts headquarters in 2018 and that it planned to hire about 2,000 workers in Natick over five years.
As of November 2020, MathWorks announced a new backtesting framework in Financial Toolbox, available in Release 2020b of the MATLAB and Simulink product families.
Rate how well MathWorks lives up to its initial vision.
MathWorks jobs
Do you work at MathWorks?
Does MathWorks communicate its history to new hires?
MathWorks competitors
MathWorks history FAQs
Zippia gives an in-depth look into the details of MathWorks, including salaries, political affiliations, employee data, and more, in order to inform job seekers about MathWorks. The employee data is based on information from people who have self-reported their past or current employments at MathWorks. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by MathWorks. The data presented on this page does not represent the view of MathWorks and its employees or that of Zippia.
MathWorks may also be known as or be related to MathWorks, The MathWorks Inc, The MathWorks Inc. and The MathWorks, Inc.