Matternet, a key player in commercial drone delivery systems, has raised $33.0M in new capital from Los Altos Ventures Corp. The funding round underscores the company's established position as a developer of drone logistics for urban and suburban environments, where its Matternet M2 drone and Software Platform are deployed.
The company has a track record of firsts, including the world's first authorization for commercial Beyond Visual Line of Sight (BVLOS) operations over cities in Switzerland in 2017. More recently, its M2 system became the first drone delivery system to achieve standard Type Certification and Production Certification by the FAA in the U.S., having already enabled over 20,000 commercial flights.
