Zipline in talks to raise $1B at $20B valuation

Bloomberg reported on September 16 that Zipline is in talks to raise about $1 billion in a round that would value the autonomous drone delivery company at roughly $20 billion, nearly tripling the $7.6 billion mark set when it closed its $800 million Series H in March. Existing investor Paradigm is in discussions to lead and prior backer Tiger Global is weighing participation, but the talks are early, the figures could change, and Zipline declined to comment. The raise would land as Zipline pushes from medical logistics into mainstream U.S. consumer delivery, with Uber Eats drone service due in Dallas and Houston by year-end and an FAA draft environmental assessment open for five Texas metros.