Zipline raises $1.5B at $21.5B valuation to test drone delivery at scale

Zipline, having raised $1.5 billion, has achieved a valuation of $21.5 billion. This fundraising coincides with Walmart’s plans to grow its drone delivery business to 300 new sites. The next challenge will be to show that the service can be both profitable and accepted by the community. In its announcement, Zipline named Paradigm, WCM Investment...