---
title: "Zipline revenue and valuation"
description: "Zipline's revenue is estimated at $430M–$1.85B. Valued at $21.5B after raising $3.62B. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/zipline.md
canonical_url: https://www.tryspecter.com/revenue-valuation/zipline
publisher: Specter
last_updated: 2026-11-01
---

# Zipline revenue and valuation

Specter estimates Zipline's annual revenue at $430M to $1.85B and its valuation at $17.9B to $25.9B. The company was priced at $21.5B in November 2026.

Zipline operates autonomous drone logistics to deliver medical, grocery, and consumer essentials.

- Estimated revenue: $430M to $1.85B (October 2026)
- Estimated valuation: $17.9B to $25.9B (October 2026)
- Total funding: $3.62B
- Founded: 2014
- Headquarters: South San Francisco, United States
- Employees: 1,964
- Sector: Drones
- Specter Rank: #33,086

## Zipline revenue

Specter's model puts current revenue between $430M and $1.85B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $1.14B | $430M | $1.85B |
| September 2026 | $770M | $320M | $1.22B |
| August 2026 | $1.19B | $600M | $1.79B |
| July 2026 | $1.12B | $550M | $1.69B |
| June 2026 | $1.09B | $520M | $1.65B |
| May 2026 | $1.1B | $550M | $1.64B |
| April 2026 | $1.08B | $550M | $1.61B |
| March 2026 | $1.04B | $550M | $1.53B |
| February 2026 | $1.04B | $540M | $1.54B |
| January 2026 | $960M | $510M | $1.41B |
| December 2025 | $830M | $510M | $1.15B |
| November 2025 | $860M | $510M | $1.2B |
| October 2025 | $850M | $550M | $1.16B |
| September 2025 | $850M | $550M | $1.16B |
| August 2025 | $780M | $510M | $1.04B |
| July 2025 | $690M | $310M | $1.07B |
| June 2025 | $840M | $520M | $1.16B |
| May 2025 | $850M | $540M | $1.16B |
| April 2025 | $840M | $520M | $1.16B |
| March 2025 | $790M | $480M | $1.1B |
| February 2025 | $770M | $450M | $1.09B |
| January 2025 | $800M | $450M | $1.15B |
| December 2024 | $810M | $480M | $1.14B |
| November 2024 | $810M | $480M | $1.14B |
| October 2024 | $810M | $480M | $1.14B |
| September 2024 | $820M | $480M | $1.15B |
| August 2024 | $920M | $490M | $1.35B |
| July 2024 | $920M | $500M | $1.35B |
| June 2024 | $920M | $500M | $1.34B |

## Zipline valuation

Zipline's valuation rose from $620M at its Series C in March 2018 to $21.5B at its Series I in November 2026. Specter's live estimate sits between $17.9B and $25.9B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $21.5B | $17.9B | $25.9B |
| September 2026 | $12.8B | $10.6B | $15.4B |
| August 2026 | $7.6B | $6.32B | $9.14B |
| July 2026 | $8.22B | $6.62B | $10.2B |
| June 2026 | $8.9B | $7.23B | $10.9B |
| May 2026 | $9.63B | $7.91B | $11.7B |
| April 2026 | $10.4B | $8.61B | $12.6B |
| March 2026 | $11.3B | $9.37B | $13.6B |
| February 2026 | $9.25B | $7.64B | $11.2B |
| January 2026 | $7.6B | $6.32B | $9.14B |
| December 2025 | $7.48B | $5.65B | $9.88B |
| November 2025 | $7.35B | $5.58B | $9.69B |
| October 2025 | $7.23B | $4.74B | $11B |
| September 2025 | $7.11B | $4.85B | $10.4B |
| August 2025 | $7B | $4.68B | $10.5B |
| July 2025 | $6.88B | $4.59B | $10.3B |
| June 2025 | $6.77B | $4.59B | $9.98B |
| May 2025 | $6.66B | $4.76B | $9.32B |
| April 2025 | $6.55B | $4.73B | $9.07B |
| March 2025 | $6.44B | $4.63B | $8.96B |
| February 2025 | $6.34B | $4.61B | $8.71B |
| January 2025 | $6.23B | $4.57B | $8.5B |
| December 2024 | $6.13B | $4.57B | $8.23B |
| November 2024 | $6.03B | $4.63B | $7.85B |
| October 2024 | $5.93B | $4.61B | $7.63B |
| September 2024 | $5.83B | $4.64B | $7.33B |
| August 2024 | $5.74B | $4.63B | $7.11B |
| July 2024 | $1.33B | $730M | $2.77B |
| June 2024 | $1.35B | $730M | $2.7B |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $21.5B | November 2026 | Funding round |
| $7.6B | August 2026 | [reuters.com](https://reuters.com/business/autos-transportation/uber-zipline-partner-us-drone-delivery-uber-eats-2026-08-17/) |
| $11.3B | March 2026 | [finance.yahoo.com](https://finance.yahoo.com/markets/private-companies/52-week-gainers/) |
| $7.6B | January 2026 | Funding round |
| $5.55B | June 2024 | Funding round |
| $4.2B | April 2023 | Funding round |
| $2.75B | June 2021 | Funding round |
| $1.2B | March 2019 | Funding round |
| $620M | March 2018 | Funding round |

## Zipline funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 5 Nov 2026 | Series I | $1.5B | $21.5B | Paradigm, Layer Global, WCM Investment Management |
| 17 Aug 2026 | Corporate round | Undisclosed | Undisclosed | Uber |
| 21 Jan 2026 | Series H | $800M | $7.6B | Tiger Global Management, Fidelity |
| 25 Nov 2025 | Grant | $150M | Undisclosed | U.S. Department of State |
| 1 Jun 2024 | Series G | $350M | $5.55B | Scottish Mortgage Investment Trust |
| 28 Apr 2023 | Series F | $330M | $4.2B | Undisclosed |
| 30 Jun 2021 | Series E | $250M | $2.75B | Katalyst Ventures, Temasek, Baillie Gifford |
| 5 Mar 2021 | Secondary | $8M | Undisclosed | Undisclosed |
| 1 Oct 2020 | Venture round | Undisclosed | Undisclosed | Undisclosed |
| 8 Mar 2019 | Series D | $120M | $1.2B | The Rise Fund |
| 7 Mar 2018 | Series C | $70M | $620M | Katalyst Ventures |
| 9 Nov 2016 | Series B | $25M | Undisclosed | Visionnaire Ventures |
| 14 Jul 2015 | Series A | $18M | Undisclosed | Visionnaire Ventures, Sequoia Capital |
| 1 Jul 2013 | Secondary | Undisclosed | Undisclosed | Undisclosed |
| 20 Dec 2011 | Seed | Undisclosed | Undisclosed | Undisclosed |
| 2 Aug 2011 | Seed | Undisclosed | Undisclosed | Undisclosed |

## Zipline vs competitors

The autonomous delivery market splits between specialized drone providers and conventional high-speed courier aggregators.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Zipline | $430M–$1.85B | $17.9B–$25.9B |
| Wing (wing.com) | $120M–$530M | $320M–$1.74B |
| Flytrex (flytrex.com) | $3.7M–$26M | $36M–$150M |
| Manna Air Delivery (manna.aero) | $2.9M–$23M | $129M–$350M |
| Matternet (matternet.com) | $1M–$11M | $44M–$310M |

## Questions

### What is Zipline's revenue?

Specter estimates Zipline's annual revenue at $430M to $1.85B as of October 2026.

### What is Zipline's valuation?

Zipline's latest post-money valuation is $21.5B, from a November 2026 Series I. Specter's live estimate is $17.9B to $25.9B.

### How much funding has Zipline raised?

$3.62B across 16 rounds, from a Seed in August 2011 to a $1.5B Series I in November 2026.

### Who invested in Zipline?

55 investors, including Fidelity, Layer Global, Paradigm, Tiger Global Management, Uber and WCM Investment Management.

### Who are Zipline's competitors?

Wing, Flytrex, Manna Air Delivery and Matternet. Specter ranks 30 competitors for Zipline.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Zipline revenue and valuation." tryspecter.com/revenue-valuation/zipline. Updated November 2026.