Reliable Robotics raises $115M, lifting Series D to $275M at over $1B valuation
Reliable Robotics raises $115M at $1B+ valuation to take pilotless aircraft through FAA approval
Reliable Robotics added $115M to its Series D, bringing the round to $275M and valuing the Mountain View company above $1B. The raise combines $90M in equity led by Nimble Partners with a $25M term loan from Silicon Valley Bank. CEO Robert Rose expects FAA approval of its first autopilot product in 18 to 24 months.
The funding details and the four-track FAA certification timeline show how long autonomy in aviation takes to reach commercial service, and how Reliable's dual-use military work funds the wait.
Source:Tech Funding News · techfundingnews.com