Drone delivery startup Zipline has reached a valuation of 7.6 billion dollars following a new funding round that raised over 600 million dollars. The latest investment reflects strong investor confidence in autonomous delivery technology and positions Zipline as one of the leading companies in the emerging drone logistics sector.
Investors in the round include major names such as Valor Equity Partners, Tiger Global, Fidelity Management and Research Company, and Baillie Gifford. The funding will support the expansion of Zipline's operations in the United States, including new services in Houston and Phoenix, and accelerate growth in commercial and healthcare delivery.
Founded in 2014, Zipline initially gained attention for delivering medical supplies to remote locations in Africa. The company has since expanded its network to deliver retail goods, food, and healthcare products in a growing number of markets. Zipline has completed over two million deliveries and flown 125 million autonomous miles without serious incidents, demonstrating the safety and efficiency of its technology.
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