MatrixSpace, a leader in portable AI-enhanced radar and counter-drone (CUAS) technology, announced the completion of a $20 million Series B funding round. The funding represents a significant increase in valuation from the company’s Series A in May 2023 and brings its total funding to $58 million. This funding round was co-led by The Raptor Group and OTB Ventures, with participation from new strategic investor L3Harris, marking a significant milestone in MatrixSpace’s expansion within the defense and autonomous sensing sectors.
The funding will be used to accelerate product development, expand production capacity, and strengthen MatrixSpace’s leadership in portable radar and AI edge sensing solutions. The investment also deepens the company’s partnerships across the defense and commercial technology ecosystem, positioning it for the next phase of growth.
The Raptor Group, a Boston-based venture and growth fund, brings deep expertise in scaling advanced technology companies, while OTB Ventures, a leading European investor focused on dual-use defense and enterprise technologies, adds valuable connections to NATO and European industry networks. The participation of defense technology leader L3Harris underscores MatrixSpace’s growing influence in the global counter-UAS and situational awareness markets.
MatrixSpace’s flagship technology combines radar with AI at the edge to deliver real-time detection, classification, and prediction in complex or low-visibility environments. Its portable systems enable rapid deployment for perimeter security, airspace monitoring, and autonomous system awareness. The company’s software integrates AI edge and cloud-based analytics, providing users with a complete understanding of airspace activity across a range of civil and defense applications.
The company’s technology delivers affordable and mobile radar solutions that can operate anywhere—providing persistent situational awareness with minimal setup. With increasing demand for scalable counter-drone systems, MatrixSpace is emerging as a critical provider of portable sensing infrastructure capable of adapting to diverse environments, from airports and industrial facilities to defense installations and public safety operations.
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“We’re proud to welcome new investors OTB Ventures and industry powerhouse L3Harris to MatrixSpace, along with the robust engagement of our existing investors. This new capital and industry partnerships position us extremely well for our next chapter of growth and cements our leadership in portable CUAS, or counter drone systems.”
Gregory Waters, Co-Founder and CEO, MatrixSpace
“By combining advanced radar and AI at the edge, MatrixSpace sets a new standard for edge sensing, redefining situational awareness for both civil and defense applications. We’re proud to back the team shaping how autonomous systems will perceive the world.”
Marcin Hejka, Co-Founder and General Partner, OTB Ventures
