# MatrixSpace funding: rounds and investors

> MatrixSpace has raised $45M across 2 rounds since 2025. Investors include OTB Ventures, Intel Capital and Raptor Group. Every round with its source.

Source: https://millionrounds.com/company/matrixspace (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *MatrixSpace*

2 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Defence Tech Drones

Raised 7 months ago

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Funding summary Updated 5 Nov 2026

**$45M** raised across 2 rounds since 2025, from 2 sources

**$20M** Series B **$25M** Round

- **Latest round:** Round, $25M Mar 2026
- **Step-up i:** 1.2×
- **Investors:** 4 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2026

**$20M** Series B

**$25M** Round

- **First round:** Series B, $20M
- **Biggest round:** $25M
- **Between rounds:** 5 months

## The rounds

- **Mar 2026** Round **$25M** No investor was named in the report. Filed with the SEC (Form D); no report of this raise yet SEC filing: $25M sold, first sale Mar 2026
- **Oct 2025** Series B **$20M** *4 new* [OTB Ventures](https://millionrounds.com/fund/otb-ventures) Lead [Intel Capital](https://millionrounds.com/fund/intel-capital) [Raptor Group](https://millionrounds.com/fund/raptor-group) [L3Harris](https://millionrounds.com/fund/l3harris) Reported by TechStartups

## Funding filed with regulators

MatrixSpace filed 2 raises, $57M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Mar 2026 **$25M** 11 investors SEC Form D
- May 2023 **$32M** 30 investors equity SEC Form D

## Founders and team

From MatrixSpace's own website: 1 founder, 6 on the team.

**Greg Waters** Co-founder & CEO

- **George Justiniano** Chief Financial Officer
- **Dan Nobbe** VP of RF and Radar Systems
- **Dr. Nihar Nanda** VP of AI Software
- **John Bagocius** Head of Sales
- **John Knag** VP of Product
- **Lexi Kantor** Head of People

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series B** 2025 **Round** 2026 [OTB Ventures](https://millionrounds.com/fund/otb-ventures) L [Intel Capital](https://millionrounds.com/fund/intel-capital) [Raptor Group](https://millionrounds.com/fund/raptor-group) [L3Harris](https://millionrounds.com/fund/l3harris)

## Everyone who backed them

[OTB Ventures](https://millionrounds.com/fund/otb-ventures) VC firm **1** round, led 1

[Intel Capital](https://millionrounds.com/fund/intel-capital) Corporate VC **1** round

[Raptor Group](https://millionrounds.com/fund/raptor-group) Private equity **1** round

[L3Harris](https://millionrounds.com/fund/l3harris) Investment firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=matrixspace).

## Quick answers about MatrixSpace

### Who invested in MatrixSpace?

MatrixSpace's investors include OTB Ventures, Intel Capital, Raptor Group and L3Harris.

### How much has MatrixSpace raised?

MatrixSpace has raised $45M across 2 rounds since 2025.

### When did MatrixSpace last raise?

MatrixSpace's most recent round, $25M, was in Mar 2026.

### What was MatrixSpace's biggest round?

Its most recent round, $25M in Mar 2026, is also its largest on record.

### Who backed MatrixSpace first?

MatrixSpace's first round on record, in Oct 2025, was backed by OTB Ventures, Intel Capital and Raptor Group and 1 others.

### What stage is MatrixSpace at?

MatrixSpace's latest named round is a Series B, in Oct 2025.

### Where is MatrixSpace based?

MatrixSpace is based in the United States.

### Who led MatrixSpace's rounds?

OTB Ventures led the Series B in 2025.

## Companies like MatrixSpace

In the same sector, and raised in the last eighteen months.

[**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**Fal** $1.4B · Nov 2026](https://millionrounds.com/company/fal)[**Guava** $13M · Nov 2026](https://millionrounds.com/company/guava)[**Agrani Labs** $123M · Nov 2026](https://millionrounds.com/company/agrani-labs)

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