Tuesday
May 21
2019

Zipline’s New $190 Million Funding Means It’s the Newest Billion Dollar Contender in the Game of Drones

With a valuation of over $1 billion and $190 million in new financing, Zipline  has become the latest contender to be the leader in the game of drones.

The competition to be a leading vendor of delivery drone services is fierce, but Zipline has already built its billion-dollar business selling its hardware and services as a supplier of medical supplies across emerging markets. It may be among the most tested drone delivery services in the world.

Zipline said it will use the new funds to expand its medical supply delivery services across Africa, the Americas, South Asia, and Southeast Asia. The company said it aims to serve 700 million people with its drones within the next five years.

 

(Note: Images do not represent Zipline drones)

 

 

Source: TechCrunch (link opens in a new window)

Categories
Investing, Technology
Tags
drones, health care delivery, health care technology, impact investing, venture capital