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Report: Drone delivery startup boosts valuation to $4.2B

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San Francisco-based drone delivery startup Zipline has increased its valuation to $4.2 billion, Forbes reports.

Forbes cited people familiar with the matter in reporting the company raised $330 million in a new funding round.

The new valuation is 55% above its $2.7 billion valuation reached two years ago.

Read more from Forbes.

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