Key Takeaways
- • Zipline, a South San Francisco-based provider of autonomous drone delivery platforms, raised $1.5 billion in funding at a $21.5 billion valuation.
- • The round was led by Paradigm, WCM Investment Management, and Layer Global.
- • Participating investors included Valor Equity Partners, Fidelity Management & Research Company, Uber, Tiger Global, J.P. Morgan, ARK Invest, and Salesforce Ventures.
Summary
Zipline, a South San Francisco, California-based provider of an autonomous drone delivery platform, has raised $1.5 billion in funding at a $21.5 billion valuation, according to the original report.
The round was led by Paradigm, WCM Investment Management, and Layer Global. Participating investors included Valor Equity Partners, Fidelity Management & Research Company, Uber, Tiger Global, J.P. Morgan, ARK Invest, and Salesforce Ventures. The breadth of the syndicate spans venture capital, public-markets asset managers, and strategic corporate investors, reflecting interest in autonomous delivery infrastructure at a late-stage valuation.
The source material does not disclose additional details on the company's revenue, deployment footprint, use of proceeds, or the terms of the round, such as whether it was structured as primary or secondary capital.
The round was led by Paradigm, WCM Investment Management, and Layer Global. Participating investors included Valor Equity Partners, Fidelity Management & Research Company, Uber, Tiger Global, J.P. Morgan, ARK Invest, and Salesforce Ventures. The breadth of the syndicate spans venture capital, public-markets asset managers, and strategic corporate investors, reflecting interest in autonomous delivery infrastructure at a late-stage valuation.
The source material does not disclose additional details on the company's revenue, deployment footprint, use of proceeds, or the terms of the round, such as whether it was structured as primary or secondary capital.
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