Zipline completed a $1.5 billion financing round with a valuation of $21.5 billion, led by Paradigm and others

According to Bloomberg, drone delivery company Zipline has completed a new round of financing of $1.5 billion, with a post-money valuation of $21.5 billion, approximately 2.8 times the valuation of $7.6 billion in January of this year. This round was led by Paradigm, WCM Investment Management, and Layer Global, with participation from Valor Equity Partners, Fidelity Management & Research Company, Uber, Tiger Global, JPMorgan Chase, ARK Invest, Salesforce Ventures, and others. The funds will be used for domestic manufacturing and hiring in the United States.

In addition, Walmart has signed a national multi-year agreement with Zipline to add 300 new drone delivery sites.