Reliable Robotics raises $115M, topping $1B valuation, as it pursues FAA certification of autonomous flight
Reliable Robotics, a Mountain View, California startup building autonomous flight systems for existing aircraft, raised $115 million as an extension of its Series D. The round comprises $90 million in equity led by Nimble Partners and $25 million in debt from Silicon Valley Bank. It brings the Series D to $275 million, lifts the valuation above $1 billion and takes total funding to $380 million. The company is pursuing FAA certification on four fronts: a continuous autopilot engagement system, a ground-controlled pilotless system, an in-house solid-state collision-avoidance radar, and its own cargo airline, Reliable Airlines. This is business and funding news with no cyber threat, vulnerability or incident content.
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Reliable Robotics raises $115M, topping $1B valuation, as it pursues FAA certification of autonomous flight
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Reliable Robotics, a Mountain View, California startup building autonomous flight systems for existing aircraft, raised $115 million as an extension of its Series D. The round comprises $90 million in equity led by Nimble Partners and $25 million in debt from Silicon Valley Bank. It brings the Series D to $275 million, lifts the valuation above $1 billion and takes total funding to $380 million. The company is pursuing FAA certification on four fronts: a continuous autopilot engagement system, a ground-controlled pilotless system, an in-house solid-state collision-avoidance radar, and its own cargo airline, Reliable Airlines. This is business and funding news with no cyber threat, vulnerability or incident content.