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New funding underlines rising demand for compact, AI-enhanced counter-UAS systems MatrixSpace has closed a $20 million Series B funding round, pushing its total capital raised to $58 million to date. The Burlington, Massachusetts company specializes in portable radar systems that use artificial intelligence to help detect and respond to unmanned aerial systems (UAS) in real time.

MatrixSpace, a supplier of portable AI-enhanced radar counter drone sensing technology, has completed its $20m Series B funding round. This raise represents a significant valuation increase over the Series A of May 2023 and brings MatrixSpace’s funding to date to $58m. The completion of this round also introduces new investors, including L3Harris, to the MatrixSpace team.

MatrixSpace, a leader in portable AI-enhanced radar counter drone sensing technology, announces the completion of its $20 million Series B funding round. This raise represents a significant valuation increase over the Series A of May 2023 and brings MatrixSpace’s total funding to date to $58 million. The completion of this round also introduces meaningful new investors, including L3Harris, to the MatrixSpace team.

MatrixSpace, a leader in portable AI-enhanced radar counter drone sensing technology, announces the completion of its $20 million Series B funding round. This raise represents a significant valuation increase over the Series A of May 2023 and brings MatrixSpace’s total funding to date to $58 million. The completion of this round also introduces meaningful new investors, including L3Harris, to the MatrixSpace team.

MatrixSpace, a Burlington, MA-based leader in portable AI-enhanced radar counter drone sensing technology, closed a $20m Series B funding round. The round, which represented a valuation increase over the Series A of May 2023 and brings MatrixSpace’s total funding to date to $58m, was co-led by The Raptor Group and OTB Ventures with participation from new investor L3Harris.

MatrixSpace completes $20M Series B funding round, bringing total funding to $58M. New investors, including L3Harris, join in. Company redefines situational awareness with advanced radar and AI at the edge.

BURLINGTON, MA, MatrixSpace, a leader in portable AI-enhanced radar counter drone sensing technology, announces the completion of its $20 million Series B funding round. This raise represents a significant valuation increase over the Series A of May 2023 and brings MatrixSpace's total funding to date to $58 million. The completion of this round also introduces meaningful new investors, including L3Harris, to the MatrixSpace team. The round was co-led by The Raptor Group and OTB Ventures. The Raptor Group is a Boston-based venture and growth fund investing in deep technology across a variety of industries. OTB Ventures is a leading European investor focused on dual-use defense and enterprise technology, with deep ties to both European industry and NATO.

MatrixSpace, a portable AI-enhanced radar counter drone sensing technology company, has announced the completion of its USD20 million Series B funding round. “This raise represents a significant valuation increase over the Series A of May 2023 and brings MatrixSpace’s total funding to date to USD58 million,” said the company in a press release. “The completion of this round also introduces meaningful new investors, including L3Harris, to the MatrixSpace team.
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Cut through clutter, clarify situational awareness, and open new possibilities with the MatrixSpace AI platform. AiEdge™️ and AiCloud™️ combine to form far more than a situational awareness command & control (C2) system. Our unique architecture creates an intelligent data platform that makes sensor information actionable to downstream applications, analytics, and autonomous systems via industry-standard APIs. It delivers superior layered C-UAS protection capabilities for public and private organizations at unmatched scale.


