MatrixSpace Scores $10 Million in Funding

MatrixSpace Raises $10M in Series A Funding Round

by DRONELIFE Staff Writer Ian M. Crosby

AI collaborative sensing solutions leader MatrixSpace has announced its raising of $10M in Series A funding, for a total of $20M in funding since its first year of operation in 2020. The company will leverage this additional funding to further its technology advancements, customer adoption and revenue growth. The Series A round was led by venture fund Raptor Group, with participation from Intel Capital and a prominent set of technology executives.

MatrixSpace’s compact, AI-powered radar system amplifies the range of human senses over long distances to an unparalleled degree. The solution has a wide range of applications, such as critical infrastructure security, general aviation and transportation, multiple defense applications, and robotics. Its new MatrixSpace Radar demonstrates the company’s ability to provide AI sensing to markets previously unable to afford such…