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Matternet
On-demand drone delivery
- 21-100 employees
- B2C
- B2B
- Enterprise
- Logistics
- Drones
- eCommerce
- Mountain View, CA
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Company mission
To make access to physical goods frictionless and universal.
-25% employee growth in 12 months
Our take
Matternet is helping to revolutionize access to goods across the globe, with products that help organizations operate drone logistics networks. It offers significant savings of time, money, and energy that thus far remain unrivaled in the industry. It's a major player in the smart drug delivery drone market, and has partnerships with healthcare services and the Tokyo Metropolitan Government. Developing this specialization and strong reputation has helped Matternet see sustained growth.
While drone regulations in the United States have stunted scaling, the company received FAA approval in late 2022, enabling it to build on the success it has earned abroad (as its European and Asian markets have more amenable regulations for large-scale drone networks). Having overcome this hurdle, Matternet has received a waiver which allows it to operate twenty drones with a single pilot. This stands as a testament to Matternet's autonomous flight capabilities, and when expanded will drop the price of its drone deliveries to a point where they can compete with traditional methods on cost.
Kirsty
Company Specialist at Welcome to the Jungle
Funding (last 2 of 5 rounds)
Jun 2022
$21.5m
LATE VC
Jan 2022
$45m
LATE VC
Total funding: $95.5m
This company has top investors
Leadership
Andreas Raptopoulos
(CEO)Before founding Matternet, they founded Future Acoustics and aylo, both focusing on music experience. They are part of the WEF's Global Drone and Aerial Mobility Council and hold several US and international patents. In addition, they were a TED Global speaker and participated in the World Economic Forum in Davos (2016 and 2017).