MatrixSpace just pulled in a sharp $20M Series B, and the radar world felt that tremor from Boston to Brussels. Co-led by The Raptor Group and OTB Ventures, with L3Harris stepping in as a new strategic backer, this round isn’t just a number, it’s a signal. Gregory Waters, Co-founder & Executive Chair, and Dr. José Angel Lorenzo, Co-founder & Board Member, have been quietly building a tech story that hums on a higher frequency. Since 2019, they’ve been rethinking how we sense the world, literally. Portable, AI-enhanced radar that can see through chaos, weather, and distance. MatrixSpace isn’t selling hardware, they’re selling awareness.
You can’t fake timing in tech, and MatrixSpace hit the sweet spot. The rise of drones, the edge-AI boom, the defense modernization wave, all converging right when their radar platform reached maturity. Real-time, edge-based sensing that classifies and tracks objects kilometers away, no cloud needed. It’s lean, fast, and built for the field. Think of it as the neural network for everything that moves. Their system speaks fluently with TAK, NINJA, DroneSense, Kongsberg IRIS, L3Harris TRACER, and more. Add TensorFlow brains, a sub-pound frame, solar power, and FCC Part 15 certification, and you’ve got a tool that works when the world’s spinning too fast for spreadsheets and guesswork.
This isn’t a garage-to-glory story; it’s a masterclass in precision scaling. MatrixSpace has quietly stacked $58M in total funding, with backing from Intel Capital, The Raptor Group, and now L3Harris, names that don’t just chase hype, they back execution. Their 2024 rev hit $9.1M, and they’ve grown their team by 33% to ~25 specialists, expanding across North America and Europe. The company’s radar systems are already deployed with defense agencies, utilities, and public safety networks, from AFWERX programs to the Palm Springs Police Department. Real clients, real contracts, real-world validation.
The new capital is fuel for acceleration, more AI features, tighter edge processing, and global reach. Waters and Dr. Lorenzo aren’t chasing unicorn headlines; they’re building tech that sees what others miss. MatrixSpace is where edge intelligence meets field reliability. When the future looks foggy, these are the folks you want on radar duty.
