Zipline Raises $1.5 Billion – with a B – to Expand Drone Delivery Across the U.S.

What happened

On November 5, 2026, Zipline announced a $1.5 billion raise at a $21.5 billion post-money valuation to expand U.S.

New funding values the company at $21.5 billion as Walmart and Uber support plans for a national delivery network. Paradigm, WCM Investment Management and Layer Global led the financing.

Morgan, ARK Invest and Salesforce Ventures also participated. Walmart and Uber Plan Network Growth Walmart and Zipline are working together to launch 300 additional sites under a new national multi-year agreement that could expand further.

Uber, also a participant in the financing, is targeting one million deliveries a day with Zipline by 2029, according to Zipline. The Walmart sites and Uber target give the buildout defined commercial milestones alongside its physical expansion.

Hundreds of businesses are generating revenue through Zipline orders and dozens of new businesses are joining its network each week, according to Zipline. Existing partners are expanding their relationships to include hundreds or thousands of new locations.

At a cohort of its longest-tenured restaurants, Zipline reported that its share of delivery revenue rose from 10.8% to 34.9% between March and October. Those restaurants recorded a 26% increase in delivery gross merchandise value, with 80% of that increase coming from Zipline orders.