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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.

Canada’s latest approval positions Volatus Aerospace to scale autonomous drone services using advanced detect-and-avoid technology. Volatus Aerospace has received approval from Transport Canada to expand its beyond visual line of sight (BVLOS) operations, paving the way for scalable automated drone services across the country. The Special Flight Operations Certificate (SFOC) authorizes Volatus to deploy MatrixSpace’s next-generation radar, integrated with Kongsberg Geospatial’s IRIS Terminal airspace awareness platform. Unlike traditional radar, MatrixSpace’s lightweight, low-power system can detect smaller, non-cooperative aircraft such as drones.
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Rapid, resilient counter-drone detection anywhere. Introducing MatrixSpace Portable 360 Radar™: a fully transportable, ruggedized radar kit that sets up in minutes, operates with minimal power, and provides resilient panoramic coverage wherever you need it that easily scales to assure public safety.

