Zipline hits $21.5B valuation as Walmart expands bet on drone delivery
Autonomous delivery startup Zipline has raised $1.5 billion, reaching a $21.5 billion valuation, and expanded its partnership with Walmart to include 300 new drone delivery sites. The company plans to use the funding to scale its U.S. manufacturing and logistics network.
Why it matters
This deal represents a major milestone for the commercial drone industry, signaling a shift toward large-scale, automated retail logistics in the United States.
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.
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