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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.

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