Where is Matternet located?

Matternet is headquartered in Mountain View, United States. It is registered at 185 E Dana St Mountain View, California 94041, USA..

Who is the current CEO of Matternet?

Andreas Raptopoulos of Matternet. They have also founded 1 company.

How many employees does Matternet have?

As of May 31, 2026, the latest employee count at Matternet is 57.

Is Matternet a funded company?

Matternet is a funded company, having raised a total of $34.1M across 9 funding rounds to date. The company's 1st funding round was a $***** Seed round.

When was the latest funding round of Matternet?

Matternet's latest funding was a $***** Post IPO round on May 28, 2026, with participation from 2 investors.

Where does Matternet rank among its competitors?

Matternet ranks 6th amongst 133 active competitors, of which 44 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Zipline, which secured $200M in Mar, 2026.

Who are the top competitors of Matternet?

Matternet's top competitors include Flytrex, Zipline and Elroy Air. Among them, Matternet secured the most recent funding round in May, 2026.

Matternet - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of autonomous drone networks. Its drones, such as the Matternet M2, enable the transportation of lab samples, pharmaceuticals, and other medical supplies, as well as consumer goods.

Website: www.matternet.com/
Social
Email ID: *****@matternet.us
Phone Number: +1 **********
Registered Address: 185 E Dana St Mountain View, California 94041, USA.

Key Metrics

Founded Year

2011

Location

Mountain View, United States

Stage

Series A

Total Funding

$34.1M in 9 rounds

Latest Funding Round

Post IPO, May 28, 2026, $*****

Investors

McKesson Ventures & 8 more

Ranked

6^th among 133 active competitors

Employee Count

57 as on May 31, 2026

Similar Companies

Flytrex & 132 more

View Matternet's full profile

Matternet is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Matternet Inc CIN: 45-4220631 , United States, Active	Dec 05, 2011	-	31 (As on Dec 31, 2023)	-

Matternet has raised a total funding of $34.1M over 9 rounds. Its latest funding round was a Post IPO round on May 28, 2026 for $*****. 2 investors participated in its latest round. Matternet has 8 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Matternet:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 28, 2026	7613849	Post IPO	8603263	9283231	6876280	9687554
Mar 03, 2026	7592629	Conventional Debt	1354194	4669435	8236004	5073176
Aug 10, 2021	3138991	Series A	8935271	8312454	5390808	RattanIndia Finance

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View details of Matternet's funding rounds and investors

The founders of Matternet are Paola Santana, Dimitar Pachov and Andreas Raptopoulos. Andreas Raptopoulos is the CEO of Matternet.

Here are the details of Matternet's key team members:

Paola Santana: Co-Founder, COO, CRO & Head of Network Operations of Matternet.
Dimitar Pachov: Former Co-Founder of Matternet and founder of 2 other companies, Matternet and Matternet.
Andreas Raptopoulos: Founder & CEO of Matternet and founder of 2 other companies, Matternet and Matternet.

View details of Matternet's Founder profiles and Board Members

Matternet's employee count trend

Matternet has 57 employees as of May 26. Here is Matternet's employee count trend over the years:

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Top competitors of Matternet include Flytrex, Zipline and Elroy Air. Here is the list of Top 10 competitors of Matternet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Flytrex 2013, Tel Aviv (Israel), Series C	Provider of cloud-based on-demand drone-based e-commerce delivery services	$60M	BRM, Benhamou Global Ventures & 15 others	68/100
2nd	Zipline 2011, San Francisco (United States), Series H	Operator of drone delivery and logistics	$1.63B	Fidelity Investments, Google Ventures & 63 others	65/100
3rd	Elroy Air 2016, San Francisco (United States), Series B	Autonomous aircraft systems for cargo delivery purposes	$116M	Levitate Capital, Shasta Ventures & 31 others	64/100
4th	Workhorse Group 2007, Cincinnati (United States), Public	Manufacturer of electric vehicles and related components for transportation solutions	$35.8M	ARK Investment Management, Marathon Asset Management ... & 4 others	64/100
5th	Wing 1997, Palo Alto (United States), Acquired	Operator of on-demand drone delivery service for food, groceries, and goods	-	Burman Family	61/100
6th	Matternet 2011, Mountain View (United States), Series A	Provider of autonomous drone networks	$34.1M	McKesson Ventures, QueensBridge Venture Partners ... & 7 others	62/100
7th	Airspace Link 2018, Detroit (United States), Series B	Provider of cloud-based drone delivery solutions	$38.5M	Avanta Ventures, Indicator Ventures & 13 others	57/100
8th	Skye Air 2019, Gurugram (India), Series B	Platform offers drone‑based last‑mile delivery services	$11.2M	Indian Angel Network, Agility Ventures & 68 others	56/100
9th	DroneUp 2016, Virginia Beach (United States), Series A	Provider of airspace management and unmanned aircraft system operation solutions	$8.95M	Walmart, Center for Innovative Technology	55/100
10th	Volansi 2015, Concord (United States), Acquired	Logistics delivery solutions with VTOL drone delivery	$75M	Icon Ventures, Lightspeed Venture Partners ... & 11 others	55/100