Zipline raises $1.5 billion at a $21.5 billion valuation

Zipline said on Nov. 5 that it raised $1.5 billion at a $21.5 billion post-money valuation, in a round led by Paradigm, WCM Investment Management, and Layer Global. The company said the capital will expand U.S. manufacturing and hiring, and that a new multi-year agreement with Walmart will launch 300 additional U.S. drone-delivery sites. Axios reported those sites would be added to 21 already in operation.

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