Zipline raises $1.5 billion, valuing the company at $21.5 billion.

Drone delivery company Zipline has completed a new $1.5 billion funding round, bringing its post-money valuation to $21.5 billion, approximately 2.8 times its $7.6 billion valuation in January of this year. This funding round was led by Paradigm, WCM Investment Management, and Layer Global, with participation from Valor Equity Partners, Fidelity Management & Research Company, Uber, Tiger Global, JPMorgan Chase, ARK Invest, and Salesforce Ventures. The funds will be used for domestic manufacturing and hiring in the United States. (Source: Bloomberg)