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Matrixspace Secures $10M Series A Funding

PRIVATEJun 07, 2023

Amount Raised

$10 Million

Round Type

Series A

BurlingtonSoftwareArtificial Intelligence

Investors

Intel CapitalThe Raptor Group

Description

MatrixSpace, a leader in AI collaborative sensing solutions, announces $10M raised in Series A funding. This brings the company's total funding to $20M since its first year of operation in 2020 and will enable it to accelerate technology advancements, customer adoption and revenue growth.

Quick answer

MatrixSpace raised $10 Million in a Series A round, dated June 7, 2023. Investors: Intel Capital and The Raptor Group. MatrixSpace is based in Burlington, Massachusetts, United States.

How much did MatrixSpace raise?
MatrixSpace raised $10 Million in a Series A round on June 7, 2023.
Who invested in MatrixSpace?
Intel Capital and The Raptor Group are named as investors in this round.
What does MatrixSpace do?
MatrixSpace is re-imagining radar.
Where is MatrixSpace based and how big is it?
MatrixSpace is based in Burlington, Massachusetts, United States. Fundz records about 69 employees.
Who are the decision-makers at MatrixSpace?
Fundz holds 3 contacts at MatrixSpace, including the Vice President and General Manager - AI Systems. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software and Artificial Intelligence around the same time

Companies in the same sectors as MatrixSpace that raised within 45 days of this round, from Fundz verified event records.

  • Dayta AI raised an undisclosed amount (Series A) on July 21, 2023.
  • Cohere raised an undisclosed amount (Funding Round) on July 20, 2023.
  • Terrific raised an undisclosed amount (Funding Round) on July 20, 2023.
  • Allstar raised $15M on July 19, 2023.
  • Facia raised $1.2M (Seed) on July 19, 2023.
  • Resemble AI raised $8M (Series A) on July 18, 2023.

Who to call at MatrixSpace, and when

A new round usually means MatrixSpace is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day MatrixSpace raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at MatrixSpace, from your own LinkedIn network

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Company Information

Company

MatrixSpace

Location

Burlington, Massachusetts, United States

About

MatrixSpace is re-imagining radar. We are addressing the next generation of AI-enabled sensing so that objects can be identified, and data collected in real-time - no cloud access 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) that makes it accessible to a broad range of public and private enterprises. MatrixSpace was a winner of the 2023 AUVSI XCELLENCE Awards for XCELLENCE in Technology - Enabling Components & Peripherals.

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Related People

3 contacts
Verified contactsMatthew K., Vice President and General Manager - AI… hidden hiddenSee plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

MatrixSpace raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.