Home News Instant drone delivery service Zipline announces $190 million in financing

Instant drone delivery service Zipline announces $190 million in financing

USA: Zipline, the world’s first and only national-scale drone delivery service, announced it has raised $190 million in new financing, which values the company at over 1 billion dollars. The new funds will support the global expansion of Zipline’s lifesaving service across Africa, South Asia, Southeast Asia and the Americas and position the company to serve 700 million people in the next five years.

“There is a growing feeling around the world that technology is not benefitting the vast majority of people,” said Zipline CEO Keller Rinaudo. “The old conventional wisdom has been that building a successful technology company requires exploiting people’s personal information or hijacking their attention. Zipline wants to establish a new model for success in Silicon Valley by showing the world that the right technology company with the right mission and the best team can help improve the lives of every person on the planet.”