Zipline Valuation Soars as Drone Startup Raises Funds, Expands Walmart Deal

A Zipline employee loads a drone with an order at a Walmart store in Pea Ridge, Ark.

Zipline raised $1.5 billion in fresh funding, more than doubling the drone-delivery startup’s valuation from earlier this year to $21.5 billion, the WSJ’s Kelly Cloonan writes.

CEO Keller Cliffton said the company’s skyrocketing valuation was a sign that autonomous delivery has finally gained wider acceptance among both investors and commercial partners. Zipline got its start delivering blood and medical supplies in Africa, a business the company says helps save more than 14,000 lives a year and is growing faster than ever.

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