Matternet

Matternet

End-to-end drone delivery platform for healthcare

Overview

Matternet provides an end-to-end drone delivery platform for healthcare, e-commerce, and logistics. The system includes the Matternet M2 drone, Matternet Station ground hubs, and the Matternet Cloud Platform. Customers subscribe to this platform-as-a-service (PaaS) to plan, manage, and execute drone deliveries, such as medical supplies and COVID-19 vaccines, with real-time monitoring and routing through the cloud. The M2 drone carries payloads between centralized hubs and delivery points, using the Station as the ground interface. Unlike many competitors, Matternet combines hardware, software, and a global network into a single, scalable service, with established deployments like a city-wide network in Abu Dhabi and a partnership with UPS to extend logistics capabilities. Its goal is to make drone delivery a reliable, scalable part of everyday operations for hospitals, retailers, and logistics providers around the world.

About Matternet

Simplify's Rating
Why Matternet is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Robotics & Automation

Enterprise Software

Aerospace

Healthcare

Company Size

51-200

Company Stage

IPO

Headquarters

Mountain View, California

Founded

2011

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Simplify's Take

What believers are saying

  • September 28, 2026 M3 launch added Dave’s Hot Chicken and Apian as partners.
  • September 15, 2026 AVI-SPL expanded Matternet into mission-critical enterprise logistics.
  • May 19, 2026 Amprius, plus Beeline and SoftBank Robotics America, deepen operating capacity.

What critics are saying

  • M3 lacks FAA certification; second-half 2027 launch depends on regulatory approvals and testing.
  • Andreas Raptopoulos became CFO on September 29, 2026, signaling a thin leadership bench.
  • Matternet’s reverse-merger structure and 51.6 million-share resale overhang pressure public-market valuation.

What makes Matternet unique

  • Matternet holds FAA Type Certification and Production Certification, unique among drone delivery peers.
  • Matternet’s 60,000-plus flights across U.S. and Europe prove regulated urban BVLOS operations.
  • M3 targets rooftop micro-hubs with roof-based portals, extending Matternet beyond healthcare delivery.

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Funding

Total Funding

$128.5M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Spac Private Placement funding comparison data is currently unavailable. We're working to provide this information soon!
Spac Private Placement Funding Comparison
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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

401(k) Retirement Plan

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

↑ 1%

1 year growth

↑ 1%

2 year growth

↑ 0%
Associated Press
Sep 28th, 2026
Matternet unveils M3 autonomous drone delivery platform for 2027 launch

Matternet has unveiled M3, its next-generation autonomous drone delivery platform designed for high-volume operations from compact micro-hubs. The system enables restaurants, retailers, and hospitals to have dedicated delivery micro-hubs on their roofs, with senders simply placing packages in the M3 Portal for fully autonomous delivery. The M3 system includes an autonomous aircraft capable of carrying packages up to 11 pounds within a 10-mile radius, a dock for storage and charging, and a low-cost, off-grid drop-box portal. Dave's Hot Chicken will serve as an initial launch partner in the US, whilst Apian will partner in the UK. Matternet targets the second half of 2027 for commercial service launch and plans to build US manufacturing capacity. The company's M2 platform is the only drone delivery system with FAA Type Certification and Production Certification.

Citybiz
Sep 21st, 2026
Matternet becomes first publicly traded pure-play drone delivery company on OTCQB

Matternet has begun trading on the OTCQB Venture Market under ticker symbol "MTTN", becoming the first publicly traded pure-play drone delivery company. The Mountain View, California-based firm's common stock qualified for trading effective 21 September. The company develops the M2 drone, Matternet Station and software platform for autonomous aerial logistics. It operates directly and through partners including UPS Flight Forward, Ameriflight and Beeline UAS. Matternet has completed over 60,000 commercial flights across urban and suburban markets in the US and Europe. The company holds standard Type Certification and Production Certification from the Federal Aviation Administration. Founder and chief executive officer Andreas Raptopoulos said the company views 2026 as an inflection point for drone delivery in the United States.

GlobeNewswire
Sep 15th, 2026
AVI-SPL and Matternet partner on autonomous drone delivery for mission-critical service logistics.

AVI-SPL and Matternet partner on autonomous drone delivery for mission-critical service logistics. September 15, 2026 06:00 ET | Source: Matternet Inc. TAMPA, Fla. and MOUNTAIN VIEW, Calif., Sept. 15, 2026 (GLOBE NEWSWIRE) - AVI-SPL, the world's leading provider of digital workplace technology solutions, today announced a partnership with Matternet, the world's only FAA Type-Certified drone delivery platform, to deploy drone logistics to speed service delivery across metropolitan markets. The partnership pairs AVI-SPL's service, integration, and supply chain network with Matternet's autonomous drone technology to deliver critical equipment and replacement parts to field technicians in minutes, reducing delays in congested urban and suburban areas. "At AVI-SPL, we are always looking for new ways to enhance the customer experience and support our technicians in the field," said John Murphy, COO at AVI-SPL. "This partnership is an important step toward reimagining how critical equipment moves through our service ecosystem. Autonomous drone delivery can improve responsiveness, reduce transportation delays, and create entirely new service capabilities for our customers." Expected use cases include: * Rapid delivery of critical parts to AVI-SPL installers and technicians working in congested downtown areas, avoiding ground-transportation delays. * Premium service offerings with faster response times and tighter service-level agreements (SLAs) for customers requiring the highest levels of support. * Broader integration across AVI-SPL's supply chain network to reduce road transportation and increase efficiency in dense metropolitan markets. "Drone delivery will transform time-critical B2B logistics," said Andreas Raptopoulos, Founder and CEO of Matternet. "Instead of waiting hours for a part, a technician can have it within minutes, which allows a job to be completed faster and at a lower cost. We're excited to partner with AVI-SPL to bring the value of ultra-fast autonomous delivery to this vertical." The collaboration reflects AVI-SPL's commitment to using advanced technology to solve real-world business challenges. For AVI-SPL's customers, the long-term vision is faster issue resolution and access to differentiated support offerings built on next-generation delivery. About AVI-SPL AVI-SPL is a digital enablement solutions provider who transforms how people and technology connect to elevate experiences, create new value, and enable organizations to thrive and grow. As the largest provider of collaboration technology solutions, including award-winning managed services, AVI-SPL's highly-trained team works hand in hand with organizations worldwide - including over 86% of Fortune 100 companies - to strategize, design, deploy, manage, and support AV and UC solutions that are simple to use, scalable, serviceable, and measurable to ensure business objectives are achieved. Visit AVISPL.com to learn more, or connect with AVI-SPL on LinkedIn. About Matternet Matternet is a leading developer of commercial drone delivery systems for urban and suburban environments. The company builds the Matternet M2 drone, the Matternet Station, and the Matternet Software Platform and operates its technology directly for customers or in partnership with logistics organizations such as UPS. Matternet has achieved many industry firsts, including being the first company authorized for commercial Beyond Visual Line of Sight (BVLOS) drone delivery operations over cities in Switzerland, the first to launch routine revenue-generating drone delivery operations in the U.S., and the first to achieve standard Type Certification and Production Certification from the U.S. Federal Aviation Administration (FAA). Matternet is partnered with UPS and Ameriflight for operations under Part 135. Matternet has operated commercially for more than a decade, beginning with humanitarian drone delivery missions in 2014, launching B2B healthcare operations in Europe in 2017 and the U.S. in 2019, and expanding into B2C drone delivery operations in Silicon Valley in 2024. To date, Matternet's technology has enabled more than 60,000 commercial flights across dense urban and suburban environments in the U.S. and Europe. Media Contacts: Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the "safe harbor" created by those sections based on management's beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Forward-looking statements relate to, among other things, the Company's intent to scale its drone delivery system, expand commercial availability across restaurant, retail, and healthcare markets, and advance its next-generation autonomous delivery platform, as well as other plans, objectives, expectations, business strategy, growth opportunities, market opportunity, commercial expansion, regulatory developments, financing plans, use of proceeds, public listing plans, and future operating performance. Important factors that could cause actual results to differ materially from those expressed or implied include, among others, risks related to the Company's ability to scale commercial operations, obtain and maintain regulatory approvals, manufacture and deploy its technology at scale, secure customer contracts and strategic partnerships, access capital, compete effectively, and execute its business plan, as well as other factors detailed from time to time in the reports the Company files with the Securities and Exchange Commission ("SEC"). Copies of reports filed with the SEC are posted on the Company's website and are available without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, the Company disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

Transport Journal
Jul 31st, 2026
Sanjay Shah becomes supervisory board member at Matternet.

Sanjay Shah becomes supervisory board member at Matternet. Jul 31, 2026 at 11:04 AM Sanjay Shah, currently Executive Vice President and Chief Supply Chain Officer at Starbucks, will become a new member of the board of directors of Matternet. This was announced by the company based in Mountain View, California. According to the company, Shah brings more than 30 years of experience in operational management and supply chain logistics, which he has gained at various companies such as Gopuff, Beyond Meat, Tesla, Amazon, and Dell. Expertise for Matternet. According to Matternet, Sanjay Shah has acquired knowledge in designing and scaling complex business operations throughout his career. These experiences span several industries, including retail, e-commerce, manufacturing, energy, and consumer goods. Shah's expertise is considered valuable by Matternet, especially regarding the company's planned expansion into healthcare, food, and retail. Andreas Raptopoulos, founder and CEO of Matternet, comments on Shah's appointment: "Drone delivery is entering a new phase and evolving from initial commercial deployments to a scalable, everyday infrastructure."

Business Wire
Jul 30th, 2026
Starbucks supply chain chief Sanjay Shah joins Matternet board to scale drone delivery platform

Matternet, holder of FAA Type Certification for drone delivery, has appointed Sanjay Shah to its board of directors. Shah serves as executive vice president and chief supply chain officer at Starbucks and has held senior roles at Gopuff, Beyond Meat, Tesla, Amazon, and Dell across a 30-year career. The appointment adds operational expertise as Matternet expands its drone delivery platform across healthcare, food, and retail markets. The company recently partnered with SoftBank Robotics America and launched operations for the UK's National Health Service, connecting two central London hospital campuses. Matternet has completed over 60,000 commercial flights across urban environments in the US and Europe since beginning operations in 2014.

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