Drone delivery company Zipline raises $1.5 billion at $21.5 billion valuation to build a nationwide drone delivery network
Drone delivery company Zipline announced on November 5 that it has raised $1.5 billion at a $21.5 billion post-money valuation. Paradigm, WCM Investment Management and Layer Global led the round, with Valor Equity Partners, Fidelity, Uber, Tiger Global, J.P. Morgan, ARK Invest and Salesforce Ventures also taking part.
Source: Zipline press release (GlobeNewswire, Nov. 5, 2026)
Zipline says it will use the money to expand its U.S. manufacturing and hiring as it builds a nationwide drone delivery network. It says it and Walmart are working to launch 300 more sites under a new national multi-year agreement, and that Uber, which also invested in the round, is targeting one million deliveries a day with Zipline by 2029. The company says it made more than one million deliveries in the Dallas-Fort Worth area alone this year, and that its median order in October arrived 19 minutes after checkout.
In September, Bloomberg reported that Zipline was in talks to raise about $1 billion at roughly $20 billion. Tech Funding News put Zipline's previous valuation at $7.6 billion, set when its Series H closed in January.
More on Uber, drones and robot business and funding.
Sources
- Zipline press release (GlobeNewswire, Nov. 5, 2026)
- Bloomberg: Zipline in talks on about $1 billion raise at $20 billion valuation (Sept. 16, 2026)
- Tech Funding News: Zipline's valuation could nearly triple to $20B
New to robots? Read our guide: How robots work: a beginner's guide.
Summarized by Servospace from the sources above, drafted with AI help and checked against those sources before publishing. Claims are the companies' or outlets' unless we say otherwise. How we work.