Fundraising Fox

MatrixSpace

Burlington, US · Founded 2019 · Delaware corporation · 5 known investors

MatrixSpace builds AI-enabled radar and multi-sensor counter-drone (C-UAS) detection systems that fuse radar, optical, and remote ID data with an edge-to-cloud platform to detect, classify, and track drones. It serves commercial enterprises, public agencies, and military partners for airspace monitoring and public safety.

AI & Machine LearningDefense TechHardware

Founders & leadership

MTMark Twaalfhoven
Mark TwaalfhovenExecutive
WL
Waters L. GregoryExecutive
JM
Jose Martinez LorenzoNamed on SEC filing
RB
Robert BroggiNamed on SEC filing
GL
Gregory L. WatersNamed on SEC filing
G
Gregin
M
Matthewin
J
Johnin

Board

CG
Christian GallagherBoard director
MHMarcin Hejka
Marcin Hejkain𝕏Board directorCo-Founder and Managing Partner at OTB Ventures
DS
David St. JeanBoard director

Investors · 5

Intel CapitalSanta Clara · $1M – $20M
OTB VenturesAmsterdam · $1.1M – $7.7Mvia Marcin Hejka · board
Raptor GroupMiami Beachvia James J. Pallotta · inferred

Also in the syndicate · 2

L3HarrisThe Raptor Grouplead

Reported raises · per SEC filings

Form D private placements

$56.9M disclosed across 2 rounds · 2023–2025

▶$24.8MraisedMar 2026 · 11 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • David St. JeanDirector
  • Mark TwaalfhovenDirector
  • Jose Martinez LorenzoDirector
  • Waters L. GregoryExecutive Officer, Director, Promoter
  • Christian GallagherDirector
  • Marcin HejkaDirector
Offering amount
$24.8M
Amount sold
$24.8M
First sale
Sep 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$32.2MraisedMay 2024 · 30 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Robert BroggiDirector
  • Mark TwaalfhovenDirector
  • David St. JeanDirector
  • Gregory L. WatersExecutive Officer, Director
  • Jose Martinez LorenzoDirector
Offering amount
$32.2M
Amount sold
$32.2M
First sale
May 2023
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 2

by search overlap
Lockheedmartin89 shared keywordsLockheed Martin is a defense and aerospace company that develops military aircraft and advanced technology systems for government and defense customers. Its work includes programs such as the F-35 fighter jet and experimental aircraft developed through its Skunk Works division.
Echodyne32 shared keywordsEchodyne develops radar technology with a commitment to aerospace-grade quality standards and safety protocols.

Companies competing with MatrixSpace for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 4 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. Air ForceAir ForcePhase I2023$179.7K
U.S. ArmyArmyPhase II2022$1.7M
U.S. Air ForceAir ForcePhase II2022$749.9K
U.S. Air ForceAir ForcePhase I2021$50K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

MatrixSpace Raises $20M Series B to Scale AI-Powered Portable Radar for Defense and Civil Applications - VC Tavernvctavern.com · Feb 2026MatrixSpace Raises $20M Series B for Portable AI Radar Systemsglobalairspaceradar.com · Oct 2025MatrixSpace raises $20M to advance AI-powered counter-drone radar, adds L3Harris as investor - Tech Startupstechstartups.com · Oct 2025MatrixSpace Raises $20M in Series B Fundingfinsmes.com · Oct 2025MatrixSpace Secures $10M Series A Fundingprnewswire.com · Jun 2023MatrixSpace Raises $10.1M in Fundingfinsmes.com · Aug 2022

Frequently asked questions

What does MatrixSpace do?
MatrixSpace builds AI-enabled radar and multi-sensor counter-drone (C-UAS) detection systems that fuse radar, optical, and remote ID data with an edge-to-cloud platform to detect, classify, and track drones. It serves commercial enterprises, public agencies, and military partners for airspace monitoring and public safety.
Who are MatrixSpace's investors?
MatrixSpace's investors include Intel Capital, OTB Ventures, Raptor Group.
How much funding has MatrixSpace raised?
MatrixSpace has disclosed $56.9M raised across 2 rounds.
Where is MatrixSpace headquartered?
MatrixSpace is headquartered in Burlington, US.