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Boeing HorizonX Invests In Drone Delivery Firm Matternet

Boeing HorizonX Invests In Drone Delivery Firm Matternet

Boeing’s [BA] year-old ventures unit on Tuesday announced its fourth investment in autonomous aircraft systems, leading a funding round in Matternet, a startup firm that has developed unmanned aircraft systems (UAS) and related software for delivering small packages.The $16 million Series A funding also includes Swiss Post, Sony Corp.'s [SNE] Sony Innovation Fund, and Levitate Capital.“Matternet’s technology and proven track record make the development of a safe, global autonomous air mobility system a near-term reality,” Brian Schettler, managing director of…

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