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Boeing leads $16M investment in Matternet

Matternet drone
A Matternet drone flies over Zurich. (Matternet Photo)

Boeing HorizonX Ventures has taken the lead role in a $16 million Series A funding round for Matternet, a California company specializing in drone delivery operations in urban environments.

Other investors include Swiss Post, Sony Innovation Fund and Levitate Capital, the companies said today. Matternet aims to use the funds to expand operations in the U.S. and other parts of the world.

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By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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