Zipline hits $21.5B valuation as Walmart expands bet on drone delivery
Zipline has raised $1.5 billion and ramped up its partnership with Walmart, a pair of deals that have raised the autonomous drone delivery and logistics startup’s profile and valuation.
Zipline and Walmart reached a new multi-year agreement to add 300 drone delivery sites across the United States. The two companies have had a drone delivery agreement since 2021, but this deal is a significant jump from the 21 active drone delivery sites they have together today.
On the fundraising side, Zipline’s $1.5 billion raise was led by Paradigm, WCM Investment Management, and Layer Global, with participation from Valor Equity Partners, Fidelity Management & Research Company, Uber, Tiger Global, J.P. Morgan, ARK Invest, and Salesforce Ventures. Zipline is now valued at $21.5 billion.
The company, which has developed a drone delivery ecosystem that includes aircraft, launch and landing systems, and logistics software, said it plans to use the funds to expand...
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