Zipline has raised $1.5 billion at a $21.5 billion valuation, according to TechCrunch, which reported the round on November 5, 2026. The drone-delivery company also has a new multi-year agreement with Walmart to add “300 drone delivery sites” across the US, per the report.

The round

  • Lead investors: Paradigm, WCM Investment Management and Layer Global.
  • Other participants: Valor Equity Partners, Fidelity Management and Research Company, Uber, Tiger Global, J.P. Morgan, ARK Invest and Salesforce Ventures.
  • TechCrunch does not state Zipline’s previous valuation or its total funding.
  • Use of funds, per the company: expanding US manufacturing and hiring to build a nationwide delivery network.

Walmart and delivery figures

The Walmart partnership dates to 2021. TechCrunch says the companies now have 21 active drone-delivery sites together and does not specify store counts, metro areas or timelines for the 300 new sites. Zipline says its share of delivery revenue rose from 10.8% to 34.9% between March and October 2026; TechCrunch does not say what that share is measured against. The article contains no direct quotes from individuals, and the funding, revenue-share and use-of-funds details are attributed to the company.

Sources and notes

This post is based on TechCrunch’s report by Kirsten Korosec (November 5, 2026, 7:40 a.m. PST). Lens did not read a Zipline or Walmart announcement and did not contact either company.

Image: a Zipline fixed-wing delivery drone in flight dropping a parachute package, by Roksenhorn via Wikimedia Commons, licensed under CC BY-SA 4.0; cropped. Illustrative photo of an older fixed-wing design that may differ from the vehicles used in the Walmart service; it does not show the events described.