Boeing Invests in California-Based Autonomous Logistics Platform Maker

Boeing‘s venture capital arm has invested in Matternet, a company developing an unmanned aerial vehicle designed for urban logistics use.

The California-based startup raised $16 million through a recent Series A funding round led by HorizonX Ventures, Boeing said Tuesday.

Matternet received authorization last year to operate a UAV platform over Switzerland’s densely populated areas and has delivered medical samples to Swiss hospitals using the M2 Drone, Station and Cloud platform.

The drone maker was selected to participate in a Department of TransportationFederal Aviation Administration project that aims to integrate UAV operations into the U.S. national airspace system.

As part of the initiative, Matternet will collaborate with transportation agencies, universities and hospitals to facilitate the delivery of medical products across California and North Carolina.

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