Zipline valued at $21.5 billion as Walmart expands drone delivery deal

Drone delivery company Zipline has raised $1.5 billion at a $21.5 billion valuation, in a round led by Paradigm, WCM Investment Management and Layer Global. It also signed a multi-year deal with Walmart to add 300 drone delivery sites across the US, up from the 21 the partners operate today. Zipline plans to use the funds to expand US manufacturing and hiring.