# MatrixSpace

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/matrixspace

- Industry: Software
- Headquarters: US
- Website: www.matrixspace.com
- Total disclosed funding: $39M
- Latest round: Series B (Oct 15, 2025)
- Investors on record: 4

## 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 October 2025, MatrixSpace, Inc. raised USD 20 million in series B funding from new investor OTB Ventures, with participation from returning investor Raptor Capital Management.?

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 will use the October 2025 funding to support general corporate needs and finance future acquisitions.

## Funding rounds

- Series B, Oct 15, 2025, $20M — L3Harris Technologies, Raptor Capital Management, OTB Ventures
- Series A, May 24, 2023, $19M — Intel Capital, Raptor Capital Management

## Investors

- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A
- Raptor Capital Management (https://capitalatlas.ai/funds/raptor-capital-management) — Series A, Series B
- L3Harris Technologies — Series B
- OTB Ventures (https://capitalatlas.ai/funds/otb-ventures) — Series B