Zipline announced on November 5 that it has raised $1.5 billion at a $21.5 billion post-money valuation — about 2.8 times the $7.6 billion valuation it carried in January. Paradigm, WCM Investment Management and Layer Global led the round, with Valor Equity Partners, Fidelity, Uber, Tiger Global, J.P. Morgan, ARK Invest and Salesforce Ventures also taking part.

Alongside the raise, Walmart signed a national multi-year agreement to launch 300 additional Zipline drone-delivery sites, up from the roughly 21 the two companies operate today. The new money goes to US manufacturing and hiring for what Zipline calls a nationwide autonomous delivery network.

Zipline has now raised about $2.3 billion in 2026 alone. The operating figures in its announcement — including delivery volumes and its safety record across more than 150 million autonomous miles — are the company's own, and the $21.5 billion figure is a private-market valuation, not revenue. The expansion also depends on regulation: the FAA's Part 108 rule, which would make beyond-visual-line-of-sight drone flight routine, was still pending White House review on November 5.