Tech Company Financing Transactions

MatrixSpace Funding Round

On 6/7/2023, MatrixSpace announced $10 million in Series A funding from Raptor Group and Intel Capital.

Transaction Overview

Company Name
Announced On
6/7/2023
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series A
Investors

Raptor Group (Lead Investor) (Rob Broggi)

Intel Capital (David Johnson)

Proceeds Purpose
MatrixSpace is revolutionizing radar technology with its compact, AI-powered system that digitizes the outdoors, dramatically extending the range of human senses over long distances to a degree previously unavailable. Customer applications include critical infrastructure security, general aviation and transportation, multiple defense applications, and robotics. The recently announced MatrixSpace Radar is an example of how the company is bringing AI sensing to markets that have previously been unable to afford such advanced solutions for longer-distance applications.

Company Information

Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
145 South Bedford St
Burlington, MA 01803
USA
Email Address
Overview
We are addressing the next generation of AI-enabled sensing so that objects can be identified and data collected in real-time -- no cloud required. We're building the smallest radar system to provide new levels of integrated outdoor surveillance in 4D -- the size, location, and movement of objects in time. Our radar intelligently digitizes outdoor environments and with its architecture design ensures ease of use, fast setup and the ability to have surveillance, monitoring and inspection from both stationary and airborne platforms. MatrixSpace was founded in 2019, by a Northeastern Alumnus, and is an independent start-up with corporate headquarters located in Burlington, MA. We have a second location in Hoffman Estates, IL. We welcome visitors -- so contact us if you would like to stop by for a demonstration.
Profile
MatrixSpace LinkedIn Company Profile
Social Media
MatrixSpace Company Twitter Account
Company News
MatrixSpace News
Facebook
MatrixSpace on Facebook
YouTube
MatrixSpace on YouTube

Management Team

Title
Name
Email & Social
Co-Founder
Jose Lorenzo
  Jose Lorenzo LinkedIn Profile  Jose Lorenzo Twitter Account  Jose Lorenzo News  Jose Lorenzo on Facebook


 

 

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Where The Data Comes From

We report on funding rounds that are announced publicly. VC transactions reported here are sourced from a variety of public sources. The information is sourced from VentureDeal.com, an affiliated venture.

 


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