Zipline, a drone delivery and logistics startup, has raised more than $600 million in new funding, pushing its valuation to $7.6 billion. The capital infusion comes as the company aggressively expands its commercial deployments, signaling strong investor confidence in the future of automated aerial logistics.

This funding round places Zipline among the most valuable private companies in the autonomous delivery space. The company has built a significant presence in Africa and the United States, primarily delivering medical supplies. Its latest valuation reflects a broader market bet that drone logistics will become a critical component of last-mile delivery networks.

Investors will watch how Zipline deploys its fresh capital to scale operations and compete with rivals like Amazon's Prime Air. The deal also highlights a resilient venture capital market for hard-tech startups, even as broader funding conditions tighten. Expect increased pressure on public companies to justify their own logistics automation strategies.