Funding Details
- Awarder
- SemiNews
- Date Award
- June 07, 2023
- Vertical
- AI Sensing
- Funding URL
- View Funding Page
- Valuation
-
$20,000,000
Company Info
- Founding Year
- 2020
- Traction
- MatrixSpace has secured $10M in Series A funding led by Raptor Group and Intel Capital, bringing their total funding to $20M since their inception in 2020. The funding will accelerate technology advancements, customer adoption, and revenue growth.
- Organizations Involved
- Raptor Group, Intel Capital
- Founders
- Gregory Waters
- Company Description
- MatrixSpace is re-imagining radar, addressing the next generation of AI-enabled sensing. Introducing AI collaborative sensing.
We’re addressing the next generation of AI-enabled sensing solutions using real-time edge-based sensing to sense and detect objects, motion, and direction in any situation. MatrixSpace’s ability to combine industry leading sensing, AI edge processing and RF communication in real-time is a major technology breakthrough with multiple vertical market applications.
MatrixSpace Radar is a very low SWaP-C (size, weight, power and cost), requiring no additional infrastructure and is deployable in minutes without specialist training.
Designed and developed in the USA, MatrixSpace Radar offers robust situational awareness of both airborne and ground-based objects, regardless of lighting and weather conditions. This facilitates highly accurate drone detection and Counter Unmanned Aircraft System (CUAS) capabilities, Beyond Visual Line of Sight (BVLOS) flight for uncrewed, autonomous and tethered aircraft, and overall general aviation safety.
- Market
- Multiple - Critical Infrastructure, Defense, Oil and Gas, Public Safety, Smart Cities, Sports, Utilities
- Location
-
Burlington,
MA,
US
- Coinvestors
- Raptor Group, Intel Capital
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