With a valuation of over $1 billion and $190 million in new financing, Zipline has become the latest contender to be the leader in the game of drones.
Half Moon Bay-based Zipline snagged a $190 million funding round that gave the company a $1.2 billion valuation, giving unicorn status to the five-year-old startup medical drone delivery service.
Zipline, which ranked No. 39 on the 2019 CNBC Disruptor 50 list, has raised $190 million in venture funding and attained a $1.2 billion valuation from its investors. Its backers include Baillie Gifford, The Rise Fund (which is TPG’s global impact fund), Temasek, Alphabet’s investment arm GV and Katalyst Ventures. The funding brings Zipline’s total capital raised to $225 million.
U.S. venture capitalists Sequoia Capital Operations LLC and Andreessen Horowitz are backing a tech startup that says it’s the world’s largest medical drone delivery service..
Lisa Q. Fetterman – Co-founder and CEO of Nomiku”I think there is an imbalance in who gets funded with what idea in Silicon Valley,”