MatrixSpace valuation, funding and investors
MatrixSpace works in AI-Powered sensing solutions development, based in Burlington, United States. Founded in 2019, it has about 100 employees.
- Last round
- Series B · $20.0M · Oct 2025
- Valuation at last round
- $139M · implied
- Headcount
- 100 · growing
- Grade
- B
- Founded
- 2019
MatrixSpace valuation today
VCMC values MatrixSpace at $227M today, with a range of $107M to $322M and a grade of B. The valuation starts from its last funding round, a Series B round in Oct 2025.
Valuation by date (97 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2019 | $12.2M | $4.44M – $33.5M | $15.1M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $12.5M | $4.56M – $34.4M | $15.2M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $12.8M | $4.67M – $35.3M | $15.3M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $13.2M | $4.80M – $36.2M | $15.5M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $13.5M | $4.93M – $37.2M | $15.6M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $13.9M | $5.06M – $38.2M | $15.8M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $14.3M | $5.19M – $39.2M | $15.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $14.4M | $5.25M – $39.6M | $16.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $14.5M | $5.29M – $39.9M | $16.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2019 | $14.7M | $5.34M – $40.3M | $16.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2019 | $14.8M | $5.39M – $40.7M | $16.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2019 | $14.9M | $5.44M – $41.0M | $16.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2020 | $15.1M | $5.49M – $41.4M | $16.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $15.2M | $5.54M – $41.8M | $16.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $15.3M | $5.59M – $42.1M | $17.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $15.5M | $5.64M – $42.5M | $17.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $15.6M | $5.69M – $42.9M | $17.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $15.8M | $5.74M – $43.3M | $17.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $15.9M | $5.79M – $43.7M | $17.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $16.1M | $5.84M – $44.1M | $17.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $16.2M | $5.90M – $44.5M | $18.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $16.3M | $5.95M – $44.9M | $18.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $16.5M | $6.00M – $45.3M | $18.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $16.6M | $6.06M – $45.7M | $18.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $16.8M | $6.11M – $46.1M | $18.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2021 | $16.9M | $6.17M – $46.5M | $18.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2021 | $17.1M | $6.22M – $46.9M | $19.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2021 | $17.2M | $6.28M – $47.4M | $19.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2021 | $17.4M | $6.33M – $47.8M | $19.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2021 | $17.6M | $6.39M – $48.2M | $19.4M (+10%) | before first round | – | unknown | D | 0% |
| 1 Jul 2021 | $17.7M | $6.45M – $48.6M | $19.5M (+10%) | before first round | – | unknown | D | 0% |
| 1 Aug 2021 | $17.9M | $6.51M – $49.1M | $19.7M (+10%) | before first round | – | unknown | D | 0% |
| 1 Sep 2021 | $18.0M | $6.57M – $49.5M | $19.8M (+10%) | before first round | – | unknown | D | 0% |
| 1 Oct 2021 | $18.2M | $6.62M – $50.0M | $20.0M (+10%) | before first round | – | unknown | D | 0% |
| 1 Nov 2021 | $18.4M | $6.68M – $50.4M | $20.1M (+10%) | before first round | – | unknown | D | 0% |
| 1 Dec 2021 | $18.5M | $6.74M – $50.9M | $20.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2022 | $18.7M | $6.81M – $51.4M | $20.4M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2022 | $18.8M | $6.86M – $51.7M | $20.6M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2022 | $19.0M | $6.90M – $52.1M | $20.7M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2022 | $19.1M | $6.96M – $52.5M | $20.9M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2022 | $19.2M | $7.01M – $52.9M | $21.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2022 | $19.4M | $7.06M – $53.3M | $21.2M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2022 | $19.5M | $7.11M – $53.7M | $21.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2022 | $19.7M | $7.16M – $54.1M | $21.5M (+9%) | before first round | – | unknown | D | 0% |
| 1 Sep 2022 | $19.8M | $7.22M – $54.5M | $21.7M (+9%) | before first round | – | unknown | D | 0% |
| 1 Oct 2022 | $20.0M | $7.27M – $54.9M | $21.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Nov 2022 | $20.1M | $7.32M – $55.3M | $22.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Dec 2022 | $20.3M | $7.38M – $55.7M | $22.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2023 | $21.5M | $7.82M – $59.0M | $23.5M (+9%) | before first round | 22 | unknown | D | 0% |
| 1 Feb 2023 | $21.7M | $7.88M – $59.5M | $23.7M (+9%) | before first round | 22 | unknown | D | 0% |
| 1 Mar 2023 | $21.8M | $7.94M – $59.9M | $23.8M (+9%) | before first round | 22 | unknown | D | 0% |
| 1 Apr 2023 | $22.0M | $8.00M – $60.3M | $24.0M (+9%) | before first round | 22 | unknown | D | 0% |
| 1 May 2023 | $22.1M | $8.05M – $60.8M | $24.2M (+9%) | before first round | 22 | unknown | D | 0% |
| 1 Jun 2023 | $22.3M | $8.12M – $61.2M | $24.3M (+9%) | before first round | 22 | unknown | D | 0% |
| 8 Jun 2023 | $55.6M | $36.5M – $152M | $100M (+80%) | after a round | 22 | unknown | C | 0% |
| 1 Jul 2023 | $57.7M | $36.5M – $152M | $100M (+73%) | after a round | 22 | unknown | C | 0% |
| 1 Aug 2023 | $60.7M | $36.5M – $152M | $100M (+65%) | after a round | 22 | unknown | C | 0% |
| 1 Sep 2023 | $63.8M | $36.5M – $152M | $100M (+57%) | after a round | 22 | unknown | C | 0% |
| 1 Oct 2023 | $67.0M | $36.5M – $152M | $100M (+49%) | after a round | 40 | growing | C | 0% |
| 1 Nov 2023 | $70.4M | $36.5M – $152M | $100M (+42%) | after a round | 40 | growing | C | 0% |
| 1 Dec 2023 | $73.9M | $36.5M – $152M | $100M (+35%) | after a round | 40 | growing | C | 0% |
| 1 Jan 2024 | $77.6M | $36.5M – $152M | $100M (+29%) | after a round | 40 | growing | C | 0% |
| 1 Feb 2024 | $82.7M | $37.3M – $155M | $102M (+23%) | after a round | 44 | growing | C | 0% |
| 1 Mar 2024 | $87.8M | $37.8M – $158M | $104M (+18%) | after a round | 47 | growing | C | 0% |
| 1 Apr 2024 | $92.5M | $37.8M – $158M | $104M (+12%) | after a round | 47 | growing | C | 0% |
| 1 May 2024 | $97.4M | $37.8M – $158M | $104M (+6%) | after a round | 47 | growing | C | 0% |
| 1 Jun 2024 | $103M | $37.8M – $158M | $104M (+1%) | after a round | 47 | growing | C | 0% |
| 1 Jul 2024 | $104M | $38.3M – $158M | $104M (0%) | after a round | 47 | growing | C | 0% |
| 1 Aug 2024 | $107M | $40.0M – $163M | $107M (0%) | after a round | 54 | growing | C | 0% |
| 1 Sep 2024 | $107M | $40.6M – $163M | $107M (0%) | after a round | 54 | growing | C | 0% |
| 1 Oct 2024 | $107M | $41.2M – $163M | $107M (0%) | after a round | 54 | growing | C | 0% |
| 1 Nov 2024 | $106M | $37.1M – $162M | $106M (0%) | after a round | 53 | up | C | 0% |
| 1 Dec 2024 | $106M | $36.8M – $162M | $106M (0%) | after a round | 53 | up | C | 0% |
| 1 Jan 2025 | $106M | $36.4M – $162M | $106M (0%) | after a round | 53 | up | C | 0% |
| 1 Feb 2025 | $106M | $36.1M – $162M | $106M (0%) | after a round | 53 | up | C | 0% |
| 1 Mar 2025 | $106M | $35.8M – $162M | $106M (0%) | after a round | 53 | up | C | 0% |
| 1 Apr 2025 | $106M | $35.5M – $162M | $106M (0%) | after a round | 53 | up | C | 0% |
| 1 May 2025 | $106M | $35.1M – $162M | $106M (0%) | after a round | 53 | up | C | 0% |
| 1 Jun 2025 | $106M | $34.8M – $162M | $106M (0%) | after a round | 53 | up | C | 0% |
| 1 Jul 2025 | $106M | $26.4M – $162M | $106M (0%) | after a round | 53 | up | C | 0% |
| 1 Aug 2025 | $114M | $42.6M – $173M | $114M (0%) | after a round | 72 | growing | C | 0% |
| 1 Sep 2025 | $114M | $42.6M – $173M | $114M (0%) | after a round | 72 | growing | C | 0% |
| 1 Oct 2025 | $114M | $25.8M – $173M | $114M (0%) | after a round | 72 | up | C | 0% |
| 16 Oct 2025 | $140M | $98.2M – $297M | $209M (+50%) | after a round | 72 | up | B | 0% |
| 1 Nov 2025 | $142M | $98.2M – $297M | $209M (+47%) | after a round | 69 | up | B | 0% |
| 1 Dec 2025 | $147M | $98.2M – $297M | $209M (+42%) | after a round | 69 | up | B | 0% |
| 1 Jan 2026 | $152M | $98.2M – $297M | $209M (+38%) | after a round | 69 | up | B | 0% |
| 1 Feb 2026 | $157M | $98.2M – $297M | $209M (+33%) | after a round | 69 | up | B | 0% |
| 1 Mar 2026 | $162M | $98.2M – $297M | $209M (+29%) | after a round | 69 | up | B | 0% |
| 1 Apr 2026 | $171M | $102M – $307M | $217M (+27%) | after a round | 81 | growing | B | 0% |
| 1 May 2026 | $177M | $102M – $307M | $217M (+22%) | after a round | 81 | growing | B | 0% |
| 1 Jun 2026 | $185M | $103M – $312M | $220M (+18%) | after a round | 86 | up | B | 0% |
| 1 Jul 2026 | $192M | $103M – $312M | $220M (+14%) | after a round | 86 | up | B | 0% |
| 1 Aug 2026 | $200M | $103M – $312M | $220M (+10%) | after a round | 86 | up | B | 0% |
| 1 Sep 2026 | $208M | $103M – $312M | $220M (+6%) | after a round | 86 | up | B | 0% |
| 1 Oct 2026 | $223M | $107M – $322M | $227M (+2%) | after a round | 100 | growing | B | 0% |
| 24 Oct 2026 | $227M | $107M – $322M | $227M (0%) | after a round | 100 | growing | B | 0% |
Key facts about MatrixSpace
- Founded
- 2019
- Headquarters
- Burlington, United States
- Employees
- about 100 +39% in a year
- Total raised
- $30M
- Funding rounds
- 2
- Last round
- Series B Oct 2025
MatrixSpace was founded in 2019 by Dan Nobbe, Greg Waters, José Angel Lorenzo and Matthew Kling.
MatrixSpace funding history
MatrixSpace has 2 funding rounds on record, from Jun 2023 to Oct 2025, $30M in total. None disclosed a valuation.
Series B 15 Oct 2025
Led by Raptor Group, OTB Ventures; with L3Harris.
Sources: matrixspace.com, prnewswire.com, raptorgroup.com and 3 more
$20M
Series A 7 Jun 2023
Led by Raptor Group; with Intel Capital.
Sources: matrixspace.com, prnewswire.com, dronelife.com and 2 more
$10M
MatrixSpace investors
4 investors have backed MatrixSpace; Raptor Group and OTB Ventures led at least one round.
- OTB Ventures lead
- Intel Capital
- L3Harris
What MatrixSpace does
MatrixSpace works in tech companies, with 15 recorded offerings and customers in defense, public safety, utilities and smart cities.
MatrixSpace Corporation is an American software company engaged in AI-powered sensing solutions for counter-drone detection and airspace safety. The company develops and provides products and services that integrate radar, optical, and RF/Remote ID sensor data to deliver real-time situational awareness and threat detection. MatrixSpace serves critical infrastructure, defense, public safety, utilities, and smart city sectors globally, with a focus on scalable and adaptable solutions for outdoor environments.
Description from Veridion's company data.
Products and services
- AI-Powered Sensing Solutions Development
- Counter-Drone Detection System Manufacturing
- Multi-Sensor Detection Platform Manufacturing
- Real-Time Situational Awareness Software Development
- Threat Detection and Response Solutions
- Outdoor Environment Sensing Solutions
- AI Sensing Technology Research and Development
- Critical Infrastructure Protection Solutions
- Defense Sector Sensing Solutions
- Public Safety Sensing Solutions
- Utilities Sector Sensing Solutions
- Smart City Sensing Solutions
- Actionable Insights Generation Services
- Scalable Sensing System Integration
- Resilient Sensing System Deployment
Markets
- Defense
- Public Safety
- Utilities
- Smart Cities
- Critical Infrastructure
Technology
- AI-Powered Sensor Fusion for Real-Time Threat Detection
- Radar, Optical, and RF/Remote ID Sensor Data Integration
- AI-Powered Real-Time Threat Detection Algorithms
- Low-Cost AI-Powered Sensing Technologies for Outdoor Environments
Certifications
- FCC certified
Business model
- Business-to-Business
- Manufacturing
- Enterprise
Industry codes (NAICS)
- 334511 Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing 50% match
- 513210 Software Publishers 50% match
Questions about MatrixSpace
What is MatrixSpace worth?
Valuation $227M (range $107M to $322M), as of 24 Oct 2026.
Has MatrixSpace raised money?
MatrixSpace has 2 funding rounds on record, from Jun 2023 to Oct 2025, $30M in total. None disclosed a valuation.
Who has invested in MatrixSpace?
Raptor Group, OTB Ventures, Intel Capital and L3Harris. Lead investors include Raptor Group and OTB Ventures.
How many people work at MatrixSpace?
About 100, up 39% over the last year. Headcount grew from 22 in Jan 2023 to 100 in Sep 2026.
What does MatrixSpace do?
MatrixSpace works in tech companies, with 15 recorded offerings and customers in defense, public safety, utilities and smart cities. Its main offerings are AI-Powered sensing solutions development, counter-drone detection system manufacturing and multi-sensor detection platform manufacturing.
When was MatrixSpace founded, and where is it based?
MatrixSpace was founded in 2019 and is based in Burlington, United States. It has about 100 employees, up 39% over the last year.