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via finance.yahoo.comCapital Markets

Zipline hits $21.5B valuation as Walmart expands drone delivery bet

FROM THE WIRE · FINANCE.YAHOO.COM

Zipline has raised $1.5 billion and ramped up its partnership with Walmart, a pair of deals that have raised the autonomous drone delivery and logistics startup's profile and valuation. Zipline and Walmart reached a new multi-year agreement to add 300 drone delivery sites across…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralLarge private raise and new Walmart deal, with no directly listed instruments affected.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Zipline raised $1.5 billion led by Paradigm, WCM Investment Management and Layer Global.
  2. 02Zipline is now valued at $21.5 billion.
  3. 03Walmart and Zipline agreed a multi-year deal to add 300 drone delivery sites across the US.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Walmart Inc.WMTStock128.80 USD-1.91%today -0.29%Positive Uber Technologies, Inc.UBERStock68.45 USD+0.06%today -2.03%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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