DRONE MEDICAL SUPPLY DELIVERY STARTUP, ZIPLINE RAISES $190 MILLION USD

With a valuation topping $1 billion USD as a result of $190 million USD in new financing, delivery drone service Zipline looks to become the king of drones. The company has become a leading vendor of delivery drone service by selling its hardware and services as a supplier of medical supplies across emerging markets.

Why this matters: With access to critical medical supplies in remote or underdeveloped areas of the world, Zipline intends on using the extra capital to expand its medical supply delivery services across Africa, the Americas, South Asia and Southeast Asia.

Notable quotes: “There is a growing feeling around the world that technology is not benefitting the vast majority of people.” -Zipline chief executive Keller Rinaudo