Drone delivery company Zipline completes $1.5 billion funding round at $21.5 billion valuation

Shenchao TechFlow reported that, according to a Zipline announcement on November 6, drone delivery company Zipline has completed a $1.5 billion funding round, reaching a post-money valuation of $21.5 billion. The round was led by Paradigm, WCM Investment Management, and Layer Global, with participation from Uber, Fidelity, JPMorgan Chase, and others.

Zipline said the funds will be used to expand U.S. manufacturing facilities and hiring, and to build a nationwide drone delivery network. The company has also entered into a new multi-year agreement with Walmart, and the two parties are working together to add 300 delivery stations.

Source: Shenchao TechFlow