Zipline, an autonomous drone delivery and logistics company, has raised an additional $200 million to expand its operations, according to a TechCrunch report. The new funding adds to a previously announced funding round from January and reinforces the company’s $7.6 billion valuation.
The latest financing brings Zipline’s Series H round total to $800 million. The round includes participation from Paradigm, alongside earlier investors such as Fidelity Management & Research Company, Baillie Gifford, Valor Equity Partners, and Tiger Global, which backed the initial tranche.
Founded in 2014, Zipline has built a vertically integrated drone delivery ecosystem that includes aircraft, launch and landing systems, and logistics software. The company initially gained traction in Africa by delivering critical medical supplies such as blood in Rwanda, and has since expanded into broader commercial applications, including food, retail, agriculture, and healthcare deliveries across multiple geographies, including the United States and Japan.
The company is using the new funding to accelerate its expansion across the U.S., targeting at least four states this year. Newly announced markets include Houston, Phoenix, and Seattle, as Zipline continues scaling its home delivery service.
Zipline has seen strong momentum in its U.S. home-delivery operations, launched last year. Growth has exceeded internal forecasts, driven by increasing order frequency and larger basket sizes among customers. The company is also expanding its network of partner brands and increasing capacity to meet rising demand.
Its Platform 2 (P2) drones, designed for short-range residential deliveries, can carry payloads of up to eight pounds within a roughly 10-mile radius, while its Platform 1 system supports longer-range enterprise and government logistics missions.
The company is also continuing its international expansion efforts. In Rwanda, Zipline recently secured a national-scale agreement that will support the rollout of its Platform 2 system in urban areas, alongside the expansion of its distribution network to serve healthcare facilities nationwide.
