![]() ![]() We don't want to build more drones than necessary. To stay updated with top startup news & investments, sign up for Benzinga’s Startup Investing & Equity Crowdfunding NewsletterĪs Zipline Co-Founder and CEO Keller Rinaudo Cliffton explained, "Our motto is fewer drones, more service. By keeping this in mind, Zipline has been able to expand its reach and impact without becoming distracted by the hype and excitement surrounding the drone industry. While the technology is impressive, it is merely a tool used in the company's mission to improve global health outcomes. With the new funding, Zipline has raised over $900 million to date, according to PitchBook data.įor Zipline, the focus has always been on the service, not necessarily the drones. Zipline’s origins date to Romotive, a robotics toy startup that launched in 2011 as part of former Zappos CEO Tony Hsieh’s Downtown Project in Las Vegas. The cash injection comes as Zipline announces a new autonomous drone - the Platform 2 - that can carry 8 pounds of cargo at a range of 10 miles. Past investors, including Sequoia Capital, Andreessen Horowitz, Katalyst Ventures, GV Management Co., Pactolus Ventures, Emerging Capital Partners and Reinvent Capital, declined to comment. This valuation surpasses that of any other drone delivery company globally and makes Zipline the most valuable drone firm in the United States.Īccording to one source, the filing included a Series F-1 extension of up to $20 million that could still be rolled into the round, meaning the exact total raised by Zipline could still fluctuate. The San Francisco-based company is raising $330 million in a new funding round, with the funding values now sitting at approximately $4.2 billion. ![]() In a world where startup unicorns struggle to raise funds at higher valuations, the drone delivery startup Zipline is bucking the trend.ĭon't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families ![]()
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