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TNW | Investors-funding

Zipline raises $1.5bn at $21.5bn valuation as Walmart adds 300 drone sites

Zipline’s valuation has nearly tripled since January. Uber is targeting a million drone deliveries a day with it by 2029, and Zipline plans to build more drones in the US.

By TNW | Investors-funding

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·Excerpt
Zipline raises $1.5bn at $21.5bn valuation as Walmart adds 300 drone sites
Image: A Zipline long-range drone drops a package by parachute. Credit: Zipline

Zipline has raised $1.5bn at a $21.5bn valuation, the drone delivery company announced on Thursday. Paradigm, WCM Investment Management and Layer Global led the round. Valor Equity Partners, Fidelity, Uber, Tiger Global, J.P. Morgan, ARK Invest and Salesforce Ventures also invested.

On the same day, Walmart agreed to add 300…

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