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Reliable Robotics raises $115M, achieving over $1B valuation for autonomous flight tech
Key points
- Reliable Robotics raised $115M, including $90M equity and $25M debt.
- The Series D round now totals $275M, valuing the company over $1B.
- The company is pursuing FAA certification for autonomous flight systems.
- First certification for continuous autopilot engagement is expected in 18-24 months.
Funding Boost and Valuation Milestone
Reliable Robotics, an aviation startup specializing in autonomous flying technology, announced an additional $115 million in funding. This financing includes $90 million in equity led by Nimble Partners and $25 million in debt from Silicon Valley Bank. This extension to its Series D round brings the total for that round to $275 million, elevating the company's valuation beyond $1 billion.
Progress Towards FAA Certification
The company is actively working to obtain certification from the Federal Aviation Administration (FAA) for its autonomous flight systems. Co-founder and CEO Robert Rose stated that the company is making steady progress and providing evidence to the FAA. Certification is a critical step in commercializing autonomous flight technology within the highly regulated aviation industry.
Phased Certification Approach
Reliable Robotics is pursuing FAA certification on multiple fronts. The first product, 'continuous autopilot engagement,' handles engine startup, taxiing, takeoff, and landing while a pilot remains in the aircraft. This initial certification is anticipated within 18 to 24 months. A subsequent certification, expected in at least three years, aims to enable remote piloting from a ground-control station.
In-house Radar Development
The company has also developed an in-house solid-state collision-avoidance radar system. This radar lacks moving parts, offering longer range and higher resolution scanning compared to conventional systems. This development was undertaken after the company was unable to secure legacy suppliers for the project.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Reliable Robotics secured an additional $115 million in funding, bringing its total Series D round to $275 million and pushing its valuation past $1 billion. The company is developing autonomous flying technology for existing aircraft and is pursuing FAA certification for its systems, with the first certification expected within 18-24 months.