MatrixSpace Secures $20M in Series B Funding
MatrixSpace has closed a $20 million Series B funding round, bringing its total capital raised to $58 million.
The company, based in Burlington, Massachusetts, specializes in portable AI-powered radar systems for counter-drone use, detecting and responding to unmanned aerial systems (UAS) in real time.
- The funding round was co-led by The Raptor Group and OTB Ventures.
- New investors include L3Harris, a major player in defense and aerospace, and OTB Ventures, a European investor with ties to defense and commercial sectors.
“We’re proud to welcome new investors OTB Ventures and industry powerhouse L3 Harris to MatrixSpace, along with the robust engagement of our existing investors.” - Gregory Waters, co-founder and CEO of MatrixSpace
Author's summary: MatrixSpace raises $20M for AI radar systems.
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