Matternet raises USD 33M and goes public
Matternet raised about USD 33 million in an oversubscribed private placement and completed a reverse merger with Los Altos Ventures Corp.
Evidence notes
- The company said the transaction made Matternet the first publicly reporting pure-play drone delivery company.
- Proceeds were intended for the next-generation drone delivery platform and commercial expansion in food, retail and healthcare.
Company context
Matternet develops autonomous aerial delivery systems for medical, healthcare, and enterprise logistics applications. Its platform combines certified delivery drones, ground stations, and cloud-based fleet software to run scheduled point-to-point transport workflows in regulated environments.