Drone Delivery Firm Zipline Raises $330 Million at $4.2 Billion Valuation

The Bay Area-based company extends its global dominance in medical deliveries.

Jack Daleo

Monday, May 01, 2023 at 03:21 PM ET

Verified

A 3D rendering depicts a Zipline P2 drone hovering over a docking and charging station. [Courtesy: Zipline]

Key Takeaways:

Zipline recently raised $330 million in Series F funding, increasing its valuation to $4.2 billion, making it the highest-valued U.S. drone company and globally for drone delivery.
The funding will support the growth of its operations, including the launch of its new P2 next-generation delivery system, which utilizes small droids for precise home deliveries.
Zipline's extensive real-world flight experience, particularly in Africa since 2016, has granted it the most expansive FAA Part 135 air carrier certification in the U.S., allowing for widespread, beyond visual line of sight operations.

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There are plenty of ways to measure the success of drone delivery firms: trip volume, coverage area, regulatory approvals, and so on. But if you’re looking at sheer value, one U.S. company reigns supreme.

China’s DJI holds the world’s highest valuation for a drone firm at $15 billion (though it depends who you ask). But Bay area-based Zipline is hot on its heels, having just raised $330 million at a $4.2 billion valuation—greater than any U.S. drone company or any drone delivery company globally.