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Zipline’s new $190 million funding means it’s the newest billion dollar contender in the game of drones
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.