Led by Raptor Group with Intel Capital
MatrixSpace, a leader in AI collaborative sensing solutions, announces $10M raised in Series A funding. This brings the company’s total funding to $20M since its first year of operation in 2020 and will enable it to accelerate technology advancements, customer adoption and revenue growth.
The round was led by the Raptor Group, a highly successful venture and private investment fund with a strong track record in technology, enterprise, and sports companies. Intel Capital also participated, as well as a prominent set of technology executives.
MatrixSpace is revolutionizing radar technology with its compact, AI-powered system that digitizes the outdoors, dramatically extending the range of human senses over long distances to a degree previously unavailable. Customer applications include critical infrastructure security, general aviation and transportation, multiple defense applications, and robotics. The recently announced MatrixSpace Radar is an example of how the company is bringing AI sensing to markets that have previously been unable to afford such advanced solutions for longer-distance applications.
Rob Broggi, Partner at Raptor Group, will join the MatrixSpace Board of Directors. He is a seasoned advisor and operating executive with over 30 years of experience advising and accelerating high-growth companies in the technology and business services sectors.
“We’re honored to be moving forward with such a highly capable team of investors, new board member and advisors. After a meaningfully oversubscribed round, the MatrixSpace team can accelerate delivery of many compelling new solutions to customers.” Gregory Waters, Co-Founder & CEO of MatrixSpace
About MatrixSpace
MatrixSpace is re-imagining radar. We are addressing the next generation of AI-enabled sensing so that objects can be identified, and data collected in real-time – no cloud access required. We’re building the smallest radar system to provide new levels of integrated outdoor surveillance in 4D (the size, location, and movement of objects in time) that makes it accessible to a broad range of public and private enterprises. MatrixSpace was a winner of the 2023 AUVSI XCELLENCE Awards for XCELLENCE in Technology – Enabling Components & Peripherals.
