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.
- The funding round was co-led by The Raptor Group and OTB Ventures.
- New investors include L3Harris, a major player in defense and aerospace.
“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.