MatrixSpace, Inc. Asset Profile

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Year established

2019

Location

MA US

Primary Industry

Software

About

Based in Massachusetts, US, and founded in 2019 by Co-founders Greg Waters and Dr. José Martínez Lorenzo, MatrixSpace, Inc. operates as a technology company providing real-time edge-based sensing solutions such as lidar, thermal, and infrared sensing with the ability to capture and detect objects, motion, and direction. Waters is a serial entrepreneur and investor focusing on the semiconductor sector, while Martinez is an associate professor at Northeastern University. In May 2023, MatrixSpace, Inc. raised USD 18.55 million in series A funding led by Raptor Group with the participation of Intel Capital. As of 2023, the company’s client base includes KRI, Washington Federal Strategies, GDA, Ausvi, amentum, and Decisive Point. MatrixSpace provides artificial intelligence (AI) software for sensing which integrates optical, radar, lidar, thermal, IR sensing, and more. The company’s software offers Object recognition, detection of safety hazards, safe navigation neural networks, and a computing platform. In addition, the technology enables users to command and instruct drones and robots to perform tasks in many industries, making jobs safer and more productive. As of 2023, the company serves industries such as construction, security, artificial intelligence, automotive, and defense. The company intends to use the May 2023 funding to speed up the progress of its technology, encourage more customers and enhance its revenue growth.

Current Investors

Intel Capital, Raptor Capital Management

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Primary Industry

Software

Sub Industries

Defence, Hardware, Analytics & Performance Software, Connectivity Software, Application Integration Software

Website

www.matrixspace.com

Verticals

Artificial Intelligence, Big Data, Cloud Computing, IoT (Internet of Things), Robotics

Company Stage

Series A

Total Amount Raised

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