From Pulse 2.0 · Amit Chowdhry · · 50s
Reliable Robotics Raises $115M for Autonomous Aircraft
Reliable Robotics secured $115 million to scale autonomous aircraft systems, pushing valuation over $1 billion.
In brief
Reliable Robotics secured $115 million to scale autonomous aircraft systems, pushing valuation over $1 billion. Reliable Robotics raised $115 million in Series D funding, increasing total capital to $380 million and valuing the company at $1 billion-plus. Originally reported by Pulse 2.0.
New Funding Round
Reliable Robotics secured $115 million in new capital, increasing Series D financing to $275 million and pushing valuation above $1 billion.
Funding Sources
Nimble Partners led the round with new investors including Gideon Capital, RockCreek, Geek Ventures, and others.
Funding Use
The company plans to expand aircraft fleet, production facilities, and engineering teams using the new capital.
Military Contracts
Reliable has secured contracts with U.S. military branches and completed airworthiness reviews with the U.S. Air Force.
The short version
Reliable Robotics raised $115 million in Series D funding, increasing total capital to $380 million and valuing the company at $1 billion-plus.
