Zipline Valued at 21.5 Billion in Funding
Drone delivery startup Zipline has raised 1.5 billion dollars in a new funding round that triples its valuation. The capital will fund manufacturing expansion and a nationwide delivery network.
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Zipline raised $1.5B in a funding round, valuing the drone delivery startup at $21.5B and nearly tripling its valuation over a 10-month span. The financing follows a $600M raise earlier in the year that valued the company at $7.6B. The capital injection comes as United States competitors expand autonomous logistics networks despite regulatory hurdles.
