Boeing’s HorizonX Ventures Invests in Urban Logistics Drone Builder Matternet

TYSONS CORNER, VA, June 28, 2018 — Boeing (NYSE: BA), through its venture capital arm, has invested in North Fair Oaks, Calif.-based Matternet, which builds unmanned aerial vehicles for urban logistics use, ExecutiveBiz reported Wednesday.

Boeing said Tuesday HorizonX Ventures led a Series A funding round that raised $16 million to support the drone delivery startup in its projects.

Matternet is a participant in a joint Transportation Department and Federal Aviation Administration project aimed at integrating UAVs into the U.S. national airspace system.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA.

Jason Scott
(703) 226-7003

Check Also

Tim Reardon CEO Constellis

Constellis Subsidiary to Help Protect US Army Assets in Kuwait; Tim Reardon Quoted

TYSONS CORNER, VA, August 13, 2020 — Constellis' Triple Canopy subsidiary will provide security support to U.S. Army facilities and personnel at two military camps located in Kuwait under a potential four-year, $198M task order, GovCon Wire reported July 30.

Keith Krapels Army Research Lab

Keith Krapels of Army Research Laboratory to Serve on Panel at Potomac Officers Club’s Potomac Officers Club’s 5th Annual Army Forum

Keith Krapels, director of the Army Research Laboratory's sensors and electron devices directorate, will serve on the expert panel during Potomac Officers Club’s 5th Annual Army Forum on August 27th.