Zip Line raises $1.5 billion, valued at $21.5 billion

Zipline, the drone delivery company, raised $1.5 billion in a funding round that values the company at $21.5 billion post-money. The round was led by Paradigm, WCM Investment Management, and Layer Global, with participation from Valor Equity Partners, Fidelity, Uber, Tiger Global, J.P. Morgan, ARK Invest, and Salesforce Ventures; individual allocations and security types were not disclosed. The raise marks one of the largest private funding rounds for a logistics drone operator and underscores investor appetite for autonomous delivery infrastructure. Zipline has not disclosed how the proceeds will be allocated across expansion, manufacturing, or new markets. What to watch next: deployment details for the new capital and whether the $21.5 billion valuation holds in future rounds.