Funding round
MatrixSpace Series B
MatrixSpace, which works in AI-Powered sensing solutions development in Burlington, raised $20M in a Series B round announced on 15 Oct 2025, led by Raptor Group and OTB Ventures. 3 firms took part, 1 of them already investors. It is MatrixSpace's second venture round on record; the one before was a Series A in Jun 2023.
$20M
Amount raised
Not disclosed
Post-money valuation
3
Investors
2 leads
Valuation
What this round says about the price
MatrixSpace did not disclose a valuation in this round. It came 28 months after MatrixSpace's Series A. It is 67% of the $30M MatrixSpace has raised in the venture rounds on record. No later venture round is on record for MatrixSpace.
MatrixSpace's funding rounds
MatrixSpace has 2 venture rounds on record. This one is highlighted.
- Series A 7 Jun 2023, led by Raptor Group $10M
- Series B this round 15 Oct 2025, led by Raptor Group and OTB Ventures $20M
Investors
Who put money in
Raptor Group and OTB Ventures led the round with 1 other firm. Raptor Group had backed MatrixSpace before.
Lead investors
- backs 42 venture-backed companies existing investor
- OTB Ventures backs 27 venture-backed companies new investor
Also in the round
- L3Harris new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
655 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 57% of the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 22 Oct 2025 | $250M | $1.50B | Sequoia Capital |
| Tech Companies | 24 Oct 2025 | $140M | $2.10B | Accel and Silversmith Capital Partners |
| Tech Companies | 20 Oct 2025 | $125M | $1.25B | Institutional Venture Partners |
| Tech Companies | 1 Oct 2025 | $100M | not disclosed | not named |
| Tech Companies | 14 Oct 2025 | $75M | not disclosed | Andreessen Horowitz |
| Tech Companies | 15 Oct 2025 | $65M | not disclosed | Accel and Ribbit |
| Tech Companies | 6 Oct 2025 | $65M | $465M | Point72 Ventures |
| Tech Companies | 15 Oct 2025 | $50M | $300M | Battery Ventures |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did MatrixSpace raise in its Series B round?
MatrixSpace raised $20M in its Series B round, announced in Oct 2025.
Who led MatrixSpace's Series B round?
Raptor Group and OTB Ventures led it, with L3Harris.
What was MatrixSpace's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
655 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 57% of the median.