Burlington, MA, United States - MatrixSpace, a cutting-edge company in the field of computer networking products, has successfully secured $10 million in its Series A funding round. The funding was led by Intel Capital, the investment arm of Intel Corporation.

MatrixSpace, founded by visionary entrepreneur Greg Waters, is revolutionizing the next generation of AI-enabled sensing solutions. The company leverages real-time edge-based sensing technology to detect and analyze objects, motion, and direction in any given situation. MatrixSpace's breakthrough approach combines industry-leading sensing capabilities, AI edge processing, and RF communication, enabling real-time data processing and analysis.

The $10 million investment from Intel Capital marks a significant milestone for MatrixSpace. The funding will be utilized to further enhance the company's technology and accelerate its growth in the market. MatrixSpace aims to capitalize on its technological advancements to cater to various vertical markets that can benefit from its unique sensing solutions.

Greg Waters expressed his enthusiasm about the funding and its implications for the company's future. He said, "This investment from Intel Capital is a testament to the groundbreaking work we are doing at MatrixSpace. With this support, we are well-positioned to take our sensing technology to new heights and unlock its potential across multiple industries."