Zipline, the drone delivery and logistics startup, is in talks to raise approximately $1 billion in a new funding round that would value the company at roughly $20 billion, according to Bloomberg1,2. The Information separately reported the company is nearing a $20 billion valuation in new funding talks3.
The $20 billion figure would represent nearly a tripling of Zipline's previous valuation of $7.6 billion, set in January.
ANALYSIS The round's size, at roughly $1 billion, and the nearly threefold valuation increase from $7.6 billion to $20 billion within the same calendar year mark a sharp rerating for the company.
The talks are ongoing, and terms could still shift. Bloomberg and The Information both characterized the discussions as active but not yet closed.