MatrixSpace, a portable AI-enhanced radar counter drone sensing technology company, has announced the completion of its USD20 million Series B funding round. “This raise represents a significant valuation increase over the Series A of May 2023 and brings MatrixSpace’s total funding to date to USD58 million,” said the company in a press release. “The completion of this round also introduces meaningful new investors, including L3Harris, to the MatrixSpace team.
“The round was co-led by The Raptor Group and OTB Ventures. The Raptor Group is a Boston-based venture and growth fund investing in deep technology across a variety of industries. OTB Ventures is a leading European investor focused on dual-use defence and enterprise technology, with deep ties to both European industry and NATO.
“By combining advanced radar and AI at the edge, MatrixSpace sets a new standard for edge sensing, redefining situational awareness for both civil and defence applications. We’re proud to back the team shaping how autonomous systems will perceive the world,” said Marcin Hejka, the co-founder and General Partner of OTB Ventures.
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