MatrixSpace is a technology company.
MatrixSpace has raised $50.0M across 2 funding rounds.
MatrixSpace has raised $50.0M in total across 2 funding rounds.
MatrixSpace has raised $50.0M in total across 2 funding rounds.
MatrixSpace's investors include Intel Capital, OTB Ventures, 33N Ventures, Qualcomm Ventures, TeClub, Viola Ventures.
MatrixSpace is a Burlington, Massachusetts-based technology company founded in 2019 that develops AI-powered radar and sensing solutions for drone detection, airspace security, and situational awareness.[1][2][5] It builds portable, affordable hardware like MatrixSpace Radar and MatrixSpace 360 Radar, alongside software platforms such as AiEdge, AiCloud, and DopplerSpace, which fuse radar, optical, and other sensors with edge AI for real-time object classification, tracking, and threat response in all conditions, including low light, fog, or smoke.[1][3][4][5] The company serves defense, security, construction, utilities, and autonomous aviation sectors by solving challenges in counter-unmanned aerial systems (CUAS), perimeter protection, and enabling safe beyond-visual-line-of-sight (BVLOS) drone operations, with strong growth evidenced by $58M total funding including a $20M Series B in October 2025 led by new investors like L3Harris and OTB Ventures.[2][4]
MatrixSpace was co-founded in 2019 by Greg Waters, a serial entrepreneur with deep expertise in semiconductors and sensing, and Matthew Kok, a visionary in distributed sensing AI.[1][2] Waters, previously President and CEO of Integrated Device Technology, EVP at Skyworks Solutions, and SVP at Agere Systems with roles at Texas Instruments, brought hardware and business leadership; he's also a director at onsemi.[1] Kok leads AiCloud and AiEdge development, focusing on intelligent platforms that combine radar, optics, and AI for outdoor security.[1] The idea emerged from unmet needs in IoT for real-time, edge-processed sensing beyond traditional limits, starting with DopplerSpace software for enhanced optical sensing in adverse conditions, quickly gaining traction in defense competitions like DIU C-UAS and Army xTechCounter Strike wins.[3][5]
MatrixSpace rides the surge in drone proliferation and CUAS demands, fueled by rising threats to infrastructure, events, and airspace amid autonomous aviation growth.[4][5] Its timing aligns with edge AI maturation and distributed sensing needs, where IoT falls short on real-time processing, enabling safer integration of drones/robots in defense, construction, and security—verticals hungry for all-weather awareness.[1][3] Market forces like military modernization (e.g., DIU/Army wins) and civil BVLOS mandates favor its portable, low-cost solutions, influencing the ecosystem by setting standards for AI-edge radar and fostering open integrations that accelerate adoption across industries.[2][4][5]
MatrixSpace's recent Series B and strategic investors like L3Harris position it for aggressive scaling in portable CUAS and beyond, with wins in major defense challenges signaling market validation.[4][5] Trends like ubiquitous autonomy, escalating drone threats, and edge AI ubiquity will propel growth, potentially expanding into more industrial AI applications via its open platform.[1][3] Its influence may evolve from niche innovator to ecosystem leader, redefining accessible sensing and tying back to its core mission: making AI detection actionable for all, from securing gatherings to modernizing national defense.[1][4]
MatrixSpace has raised $50.0M across 2 funding rounds. Most recently, it raised $20.0M Series B in October 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2025 | $20.0M Series B | Intel Capital, OTB Ventures | |
| Jun 1, 2023 | $30.0M Series A | 33N Ventures, Intel Capital, Qualcomm Ventures, TeClub, Viola Ventures |