Drone Delivery Startup Zipline Hits $7.6 Billion Valuation

Zipline’s P2 drone platform is designed for shorter distance home deliveries that use a tether for precise, contactless drop-off.Source: Zipline

Zipline, a drone delivery and logistics startup, has raised more than $600 million in new funding, boosting its valuation to $7.6 billion, as it expands commercial deployments.

The firm’s fundraising round included backing from Valor Equity Partners and participation from investors such as Tiger Global, Fidelity Management and Research Company and Baillie Gifford.