MatrixSpace Raises $20M in Series B Funding for Portable AI-Enhanced Radar Counter Drone Sensing Technology

MatrixSpace, a leader in portable AI-enhanced radar counter drone sensing technology, has announced the completion of a $20 million Series B funding round, bringing its total funding to date to $58 million. The round was co-led by The Raptor Group and OTB Ventures, with participation from new investors, including L3Harris. MatrixSpace's CEO, Gregory Waters, expressed pride in the new capital and industry partnerships, positioning the company for its next chapter of growth.

Marcin Hejka, co-founder and General Partner of OTB Ventures, commended MatrixSpace for redefining situational awareness with advanced radar and AI at the edge. The MatrixSpace Radar offers affordable, AI-powered situational awareness in various conditions, including low-light and low-visibility, and provides real-time classification, history, and prediction capabilities for creating safe airspace rapidly and robustly.

The company's compact, ultra-low power radar systems deliver persistent detection and classification for airspace, perimeter, and object monitoring in dynamic outdoor environments.