Matternet, a Menlo Park, CA–based developer of an autonomous drone logistics platform, secured $16m in Series A funding.
The round was led by Boeing HorizonX Ventures with participation from Swiss Post, Sony Innovation Fund and Levitate Capital.
The company intends to use the funds to expand U.S. and global operations in urban environments.
Led by founder and CEO Andreas Raptopoulos, Matternet develops an autonomous drone logistics platform as a service to healthcare, e-commerce and logistics organizations.
In March 2017, the company was authorized for full operations of drone logistics networks over densely populated areas in Switzerland. In May 2018, Matternet was selected to carry out drone logistics operations for US hospitals under the the U.S. Federal Aviation Administration’s (FAA) drone integration program. It is also the exclusive partner of Mercedes-Benz Vans for integrating its drone logistics system with Mercedes-Benz Vans.