MatrixSpace Raises $10.1M in Funding

MatrixSpace, a Burlington, MA-based provider of AI-enabled sensing solutions, raised $10.1M in funding.

The company intends to use the funds to accelerate growth and expand operations.

MatrixSpace provides AI (artificial intelligence) powered real-time edge-based sensing solutions with the ability to sense and detect objects, motion, and direction in any situation.

Founded in late 2019, the company has assembled a proven US-based leadership team from the RF, radar, artificial intelligence, and autonomy sectors.

Co-founder and executive chair Greg Waters is a serial entrepreneur and investor focused on the semiconductor and networking markets. He is a Director at Cyxtera Technologies, onsemi, Sierra Wireless, and Mythic AI and was previously President and CEO at Integrated Device Technology. Waters held leadership roles at Skyworks Solutions, Agere Systems, and Texas Instruments.

Co-founder and chief scientist Dr José Martínez Lorenzo is associate professor at Northeastern University and was an NSF Early CAREER recipient for his work in 4D mm-Wave Compressive Sensing and Imaging at One Thousand Volumetric Frames per Second.

Matthew Kling is VP Autonomous Systems and Dan Nobbe is VP of RF and Radar Systems, holding over 50 patents in mobile and RF communications.

Independent board members are David St Jean, Senior Advisor at Centerview Partners, and Mark Twaalfhoven, CEO of Trexon. Advisors include Rene Hass, CEO of Arm, and Brian Modoff, Founder and CEO of MC3 Ventures LLC, Advisory Partner, Summit Partners and former EVP Strategy, M&A and Ventures at Qualcomm.