MatrixSpace Newsroom
Press Releases
MatrixSpace in the News

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.

Volatus’ BVLOS portfolio into higher-value missions unlocks recurring revenue opportunities in drone-in-a-box, logistics, and enterprise monitoring. Volatus Aerospace Inc. (TSXV: FLT, OTCQB: TAKOF, FSE: ABB.F) (“ Volatus ” or “ the Company ”), a leader in aerial solutions, today announced that Transport Canada has issued a Special Flight Operations Certificate (SFOC) authorizing Volatus to conduct more complex Beyond Visual Line of Sight (BVLOS) operations by authorizing the use of MatrixSpace’s next-generation radar, integrated through Kongsberg Geospatial’s IRIS Terminal platform. Unlike traditional ground-based radar systems, MatrixSpace’s technology is compact, low-power, and able to detect smaller non-cooperative traffic such as other drones. When integrated with Kongsberg’s proven airspace awareness and traffic management software, and supported by Volatus’ remote Operations Control Center, these capabilities make it practical to scale BVLOS operations into applications such as automated drone-in-a-box networks, distributed wide-area monitoring, and autonomous services where continuous, reliable detect-and-avoid is critical.

Transport Canada has issued a Special Flight Operations Certificate (SFOC) to Volatus Aerospace Inc., authorizing the company to conduct beyond visual line of sight (BVLOS) drone operations using MatrixSpace’s radar technology integrated with Kongsberg Geospatial’s IRIS Terminal platform. The certification allows Volatus to use MatrixSpace‘s compact, low-power radar system that can detect smaller aircraft including other drones. The technology is integrated with Kongsberg’s airspace awareness software and operated through Volatus’ remote Operations Control Center.

TORONTO — Volatus Aerospace Inc. has announced that Transport Canada has issued a Special Flight Operations Certificate (SFOC) authorizing Volatus to conduct more complex Beyond Visual Line of Sight (BVLOS) operations by authorizing the use of MatrixSpace’s next-generation radar, integrated through Kongsberg Geospatial’s IRIS Terminal platform. Volatus describes MatrixSpace’s technology as compact, low-power, and able to detect smaller non-cooperative traffic such as other drones. When integrated with Kongsberg’s airspace awareness and traffic management software, and supported by Volatus’ remote Operations Control Center, the capabilities make it practical to scale BVLOS operations into applications such as automated drone-in-a-box networks, distributed wide-area monitoring, and autonomous services according to the company.

Enhances Volatus’ commercialized drone-in-a-box and advanced BVLOS applications by introducing a scalable light weight detect and avoid systems Volatus Aerospace Inc., a leader in aerial solutions, today announced that Transport Canada has issued a Special Flight Operations Certificate (SFOC) authorizing Volatus to conduct more complex Beyond Visual Line of Sight (BVLOS) operations by authorizing the use of MatrixSpace’s next-generation radar, integrated through Kongsberg Geospatial’s IRIS Terminal platform.
Come Meet With Us
Videos
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.
