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MatrixSpace Launches With $10.1M in Funding to Advance Edge Sensing

MatrixSpaceFunding400x275

 August 9, 2022

Burlington, Mass.-based MatrixSpace, which is developing the next generation of artificial intelligence-enabled sensing solutions, has announced raising $10.1 million in private investor funding, with secured enterprise and government customers in place.

The company is developing real-time edge-based sensing with AI, which aims to sense and detect objects, motion, and direction in any situation. MatrixSpace said its ability to combine industry leading sensing, AI edge processing and RF communication in real time is a major technology breakthrough, with multiple vertical market applications.

The company was founded in late 2019 and includes a U.S.-based leadership team from the RF, radar, artificial intelligence, and autonomy sectors.

“Combining sensing, processing and communications with AI offers game-changing capabilities for both enterprise and government entities,” said Greg Waters, co-founder and executive chair of MatrixSpace. “We’re bringing small, affordable smart sensing and automated response to markets that have never considered it.  We’re proud to assemble a formidable team in our leadership, independent board members, and advisors to make this happen.”

The other co-founder, Jose Martinez Lorenzo, is the company’s chief scientist and also an associate professor at Northeastern University. He was an NSF Early CAREER recipient for his work in 4D mm-wave Compressive Sensing and Imaging at One Thousand Volumetric Frames per Second.

For more details on the company and its technology, visit the MatrixSpace website here.

 


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