Reliable Robotics, a Mountain View, CA – based automated aircraft systems company, raised $100m in Series C funding.
The round, which brought total fundraising to over $133m, was led by Coatue Management, with participation from past investors Lightspeed Venture Partners, Eclipse Ventures, Teamworthy Ventures and Pathbreaker Ventures.
The company intends to use the funds to scale its team to support its first aircraft certification program and expedite the launch of commercial cargo operations.
Launched in 2017 and led by Robert Rose, CEO, Reliable Robotics aims to bring certified autonomous vehicles to commercial aviation via an automation system that enables remote operation of any aircraft type and expands access to more locations. The company’s technology handles all phases of flight including taxi, takeoff, landing and parking, while licensed pilots remotely supervise each flight from a control center. The system has the capability to autoland on smaller airstrips in rural or remote areas without requiring expensive infrastructure to be installed and maintained.
Reliable Robotics has a distributed global workforce.
FinSMEs
15/10/2021