Zipline Raises $330 Million at $4.2 Billion Valuation

Zipline is an automated logistics company that creates and operates drones. Zipline aims to help solve the last-mile problem of medical supply delivery, which is often the most challenging and critical aspect of healthcare logistics. Zipline‘s innovative solution is to use drones to deliver medical supplies directly to health workers who need them. The company has designed its own custom drones that can carry up to 1.75 kg of payload and fly at a top speed of 100 km/h. The drones are launched from a catapult system and fly autonomously to a pre-determined destination using GPS coordinates. In 2019, Zipline joined the unicorn club.

Zipline did not name a lead investor, but it said in a statement that the Series F round included participation from both new and existing investors. Among the firm’s current backers are Sequoia Capital, Andreessen Horowitz, Google Ventures, Katalyst Ventures, and others. In total, Zipline has raised about $821 million till that moment.

Zipline, San Francisco, California, United States, was founded in 2011 by Keenan Wyrobek, Keller Rinaudo Cliffton, and Will Hetzler. “We recently closed our Series F funding round at an increased valuation, which involved several new and existing investors,” a Zipline spokesperson said. “We are well capitalized to continue to grow our operations, including launching our new home delivery service. We look forward to continuing to build the world’s first logistics system that serves all humans equally and brings faster and more environmentally friendly delivery to anyone, anywhere.”

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