Keep pulling the thread on Keller Rinaudo.
Zipline recently closed a funding round of over $625 million to accelerate its expansion in the United States and internationally.
Zipline plans to expand its service from approximately 5,000 hospitals and health facilities to over 20,000 within the next 18 months.
Zipline expects its U.S. business to grow by more than 10x in the current year.
The largest investors in Zipline's recent $625 million funding round included Fidelity Capital Group, Baillie Gifford, Valor Equity Partners, and Tiger Global.
Zipline leveraged its safety record of over 100 million commercial autonomous miles with zero safety incidents to obtain unprecedented regulatory approvals from the FAA for U.S. operations.
Keller Rinaudo believes the total addressable market for instant delivery is 10 times larger than its current size.
Zipline aims to scale its operations to one million deliveries per day within the next couple of years.
Based on customer ordering frequency observed in Dallas, Zipline projects the potential size of the U.S. instant delivery market to be 50 billion deliveries annually.
Zipline is part of a U.S. government and State Department initiative providing up to $550 million to expand its autonomous logistics services in Africa.
Zipline's autonomous systems have flown over 140 million commercial miles, making it the largest commercial autonomous system in the world.
Over half of all deliveries Zipline has ever conducted in the United States occurred in the last 30 days.
Zipline's early investors included contrarian funds such as Sequoia Capital (represented by Alfred Lin), Andreessen Horowitz (A16Z), and Google Ventures.