MatrixSpace, a Burlington, MA-based company which specializes in AI collaborative sensing solutions, raised $10M in Series A funding.
The round, which brought the total amount to $20M, was led by Raptor Group with participation from Intel Capital. Rob Broggi, Partner at Raptor Group, will join the MatrixSpace Board of Directors.
The company intends to use the funds to accelerate technology advancements, customer adoption and revenue growth.
Led by CEO Gregory Waters, MatrixSpace specializes in radar addressing the AI-enabled sensing so that objects can be identified, and data collected in real-time – no cloud access required. The company is building a small radar system to provide new levels of integrated outdoor surveillance in 4D (the size, location, and movement of objects in time) that makes it accessible to a broad range of public and private enterprises.
Customer applications include critical infrastructure security, general aviation and transportation, multiple defense applications, and robotics.
FinSMEs
07/06/2023