EXECUTIVE SIGNAL
Two deals drove this week's tracker changes. Zipline raised $1.5 billion at a $21.5 billion valuation. Shield AI announced a $1 billion Series H at $28.8 billion and agreed to buy radar maker Echodyne. Both were announced on 5 November 2026. We also made two smaller corrections. Dedrone's growth figure now uses Axon's third-quarter results. Anduril's valuation now reads the same on its profile and on the Anduril vs Epirus comparison.
SIGNAL 01 - ZIPLINE'S VALUATION NEARLY TRIPLES
Zipline raised $1.5 billion at a $21.5 billion valuation on 5 November 2026. In January it was valued at $7.6 billion. The same day, Walmart agreed to add 300 Zipline sites to the 21 the two companies run today.
STRATEGIC IMPLICATION
The drone delivery tracker and three comparison pages now show $21.5 billion.
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SIGNAL 02 - SHIELD AI AGREES TO ACQUIRE ECHODYNE
Shield AI announced a $1 billion Series H at a $28.8 billion post-money valuation. It also agreed to acquire Echodyne for up to $5.3 billion. The deal is expected to close in early 2027.
STRATEGIC IMPLICATION
The counter-UAS map now lists Echodyne as a pending Shield AI acquisition.
SIGNAL 03 - DEDRONE'S GROWTH FIGURE UPDATED
We had described Dedrone as growing roughly 300% a year. That figure was dated. Axon's third-quarter release gives a newer one: Platform Solutions, the segment that includes counter-drone equipment, grew 106% year over year to $125 million.
STRATEGIC IMPLICATION
Axon also took about $130 million of revenue from three federal Dedrone deployments out of its 2026 outlook, citing timing.
SIGNAL 04 - ANDURIL VALUATION MADE CONSISTENT
Anduril's profile already carried its October employee tender offer. The Anduril vs Epirus comparison did not. It now adds the $94.80-a-share offer, which implied a secondary price of roughly $90 billion.
STRATEGIC IMPLICATION
Both pages now give the same valuation facts.
DRONE INTELLIGENCE ASSESSMENT
Our assessment: the week's biggest changes were Zipline's valuation and Shield AI's Echodyne deal. Both came from reporting earlier in the week. The two corrections are smaller. One replaces a dated growth figure. The other closes a gap between two pages.
What changed
| Tracker | Row | Field | Before | After | Source |
|---|---|---|---|---|---|
| Drone Delivery Operators Tracker | Zipline | statusDetail | $7.6B valuation on a $600M round led by Valor Equity Partners (January 2026) | $21.5B valuation after a $1.5B round led by Paradigm, WCM Investment Management and Layer Global (5 November 2026) | https://techcrunch.com/2026/11/05/zipline-hits-21-5b-valuation-as-walmart-expands-bet-on-drone-delivery/ |
| Counter-UAS Map | Shield AI / Echodyne | statusDetail | $12.7B valuation, $4.4B raised / Series C funded | $28.8B valuation, agreed to acquire Echodyne / Shield AI agreed to acquire for up to $5.3B | https://shield.ai/shield-to-acquire-echodyne-in-a-transaction-valued-at-5-3-billion-and-raise-2-5-billion-at-a-28-8-billion-valuation/ |
| Comparisons: DroneShield vs Dedrone | 2026 trajectory (Dedrone) | companyB | ~300% year-over-year growth; Axon Platform Solutions +95% to $111M in the quarter | Axon Platform Solutions (includes counter-drone equipment) up 106% year over year to $125M in Q3 2026 | https://www.sec.gov/Archives/edgar/data/1069183/000162828026071086/axon-20261105xex991.htm |
| Comparisons: Anduril vs Epirus | Latest Valuation (Anduril) | companyA | $61B primary round (May 2026); in talks for $100B as of late July 2026, not yet closed | Adds 13 October 2026 employee tender offer at $94.80 a share, implying a roughly $90B secondary price | https://www.cnbc.com/2026/10/14/anduril-tender-offer-valuation.html |
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ABOUT THIS BRIEFING
- Prepared by
- Drone Intelligence
- Published
- Q4 2026
- Last verified
- 11 November 2026
- Sources
- 4 sources, listed above
- Status
- Factual claims are attributed to the sources listed above. Where we give our own assessment, the text says so.
- Corrections
- Email editor@droneintelligence.ai with the briefing URL and the source you believe contradicts the claim.
Prepared under the Drone Intelligence methodology. Editorial decisions follow our editorial policy. Independence and disclosure standards at ethics.
CITE AS
“Tracker changes, week to 11 November 2026” Drone Intelligence, Q4 2026. https://droneintelligence.ai/insights/data-note-2026-11-11
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