Zipline Raises $1.5B at $21.5B Valuation, Expands Walmart Drone Delivery Partnership
This is a business and funding story with no cybersecurity content. Zipline, an autonomous drone delivery startup, raised $1.5 billion led by Paradigm, WCM Investment Management, and Layer Global, reaching a $21.5 billion valuation. The round included participation from Valor Equity Partners, Fidelity Management & Research Company, Uber, Tiger Global, J.P. Morgan, ARK Invest, and Salesforce Ventures. Separately, Zipline and Walmart signed a new multi-year agreement to expand drone delivery sites from 21 to 300 across the United States. The funds will be used to expand U.S. manufacturing and hire more workers to build out the drone delivery network.
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Zipline Raises $1.5B at $21.5B Valuation, Expands Walmart Drone Delivery Partnership
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This is a business and funding story with no cybersecurity content. Zipline, an autonomous drone delivery startup, raised $1.5 billion led by Paradigm, WCM Investment Management, and Layer Global, reaching a $21.5 billion valuation. The round included participation from Valor Equity Partners, Fidelity Management & Research Company, Uber, Tiger Global, J.P. Morgan, ARK Invest, and Salesforce Ventures. Separately, Zipline and Walmart signed a new multi-year agreement to expand drone delivery sites from 21 to 300 across the United States. The funds will be used to expand U.S. manufacturing and hire more workers to build out the drone delivery network.