Zipline

Industrial

Founded: 2011

Last Round Valuation: $4.2B

Zipline is a San Francisco-based company that specializes in manufacturing and operating an automated drone delivery service. Originally known as Romotive, it was founded in 2009 by Keller Rinaudo and Dr. Keenan Wyrobek. Zipline's proprietary technology enables the efficient distribution of blood, vaccinations, and other essential supplies in developing and underdeveloped nations. Additionally, Zipline collaborates with Walmart for home delivery services.

Zipline Overview:

Zipline is a pioneering company at the forefront of automated drone delivery services. Founded in 2009 as Romotive and later rebranded as Zipline, the company is headquartered in San Francisco, California.

Zipline is known for its proprietary technology, which enables the safe and efficient distribution of crucial supplies such as blood and vaccinations in developing and underdeveloped nations. By leveraging their automated drone fleet, Zipline overcomes infrastructure challenges and delivers medical essentials to remote and hard-to-reach areas, saving lives and improving healthcare access.

With a focus on humanitarian and healthcare applications, Zipline has established partnerships with governments, healthcare organizations, and NGOs around the world. Their reliable and scalable drone delivery system has made a significant impact, especially in regions with inadequate road networks or challenging terrain.

In addition to their healthcare initiatives, Zipline has expanded its services to collaborate with major companies like Walmart for home delivery. By leveraging their expertise in drone logistics, Zipline aims to revolutionize the last-mile delivery sector, making it faster and more efficient.

Zipline's commitment to innovation, coupled with their deep understanding of the potential of unmanned aerial vehicles, has positioned them as a leader in the drone delivery industry. Their mission to improve access to vital resources and transform logistics makes Zipline a company with significant social impact and potential for future growth.

Founders:

  • Keller Rinaudo

  • Dr. Keenan Wyrobek

Top Investors:

  • Baillie Gifford

  • The Rise Fund

  • Fidelity Investments

  • GV (formerly Google Ventures)

  • Katalyst Ventures

  • Sequoia Capital

  • Andreessen Horowitz

  • Lerer Hippeau

  • Rivas Capital

  • Visionnaire Ventures

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Apr 2023 Series F-1 $20MM $503.01MM $40.20 $4.2B Undisclosed Investors
Apr 2023 Series F $330MM $813.01MM $40.20 $4.2B Undisclosed Investors
Jun 2021 Series E $250MM $483.01MM $32.63 $2.75B Fidelity, Intercorp, Emerging Capital Partners
May 2019 Series D $119.66MM $233.01MM $16.41 $1.2B The Rise Fund, Baillie Gifford, GV
Mar 2018 Series C $70MM $113.35MM $8.51 $608.28MM Katalyst Ventures, Baillie Gifford, GV
Nov 2016 Series B $25MM $43.35MM $3.68 $224.91MM Visionnaire Ventures, Sequoia Capital, Andreessen Horowitz
Jul 2015 Series A-2 $7.51MM $14.13MM $1.65 $85.5MM Rivas Capital, Lerer Hippeau
Jul 2015 Series A-1 $4.22MM $10.83MM $0.84 $85.5MM Rivas Capital, Lerer Hip
Oct 2012 Series A $6.61MM $6.61MM $0.59 $22.04MM Sequoia Capital, Crunchfund, SV Angel

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