Matternet, Inc.

Matternet is a leading developer and operator of autonomous drone delivery systems for urban and suburban environments, headquartered in Mountain View, California. Founded in 2011 by Andreas Raptopoulos, the company's mission is to build a network for matter, providing efficient, low-cost, and zero-emission delivery of goods, particularly in areas with limited road access, initially focusing on on-demand medical deliveries.

The company's integrated system comprises the Matternet M2 drone, the Matternet Station for automated ground operations, and the Matternet Software Platform for network management. Matternet provides delivery services across various market segments, including healthcare, retail, restaurant, and general logistics, or leases its platform to other logistics organizations and airlines. Its focus is on time-sensitive deliveries such as medical samples, pharmacy items, and lightweight commercial packages.

Matternet recently became the first publicly reporting pure-play drone delivery company, completing a reverse merger with Los Altos Ventures Corp. and raising approximately $33 million in an oversubscribed private placement on May 28, 2026. The company, led by Founder and CEO Andreas Raptopoulos, holds the distinction of being the only operator with FAA Type Certification for a drone delivery platform. Recent developments include strategic partnerships with SoftBank Robotics America and Amprius Technologies, the launch of NHS drone delivery operations in Central London, and the appointment of Sanjay Kotte to its Board of Directors. Matternet has accumulated over 60,000 commercial flights across the U.S. and Europe.