Kirsten Korosec / TechCrunch : Reliable Robotics, which develops an autonomous flight system, raised a $115M extension for its $160M Series D, pushing its valuation to $1B+ — Reliable Robotics has been working for nearly a decade to commercialize autonomous flying technology that can be installed on existing aircraft.
Reliable Robotics, which develops an autonomous flight system, raised a $115M extension for its $160M Series D, pushing its valuation to $1B+ (Kirsten Korosec/TechCrunch)
In short
Reliable Robotics has secured a $115 million extension for its $160 million Series D funding round, pushing its valuation to $1 billion or more. The company's mission is to commercialize autonomous flying technology for existing aircraft, aiming to make flying safer, more efficient, and accessible to everyone.
Key points
- Reliable Robotics has secured a $115 million extension for its $160 million Series D fund…: Reliable Robotics has secured a $115 million extension for its $160 million Series D funding round.
- This move has significantly boosted the company's valuation, now reaching $1 billion or m…: This move has significantly boosted the company's valuation, now reaching $1 billion or more.
- Reliable Robotics aims to commercialize autonomous flying technology for existing aircraf…: Reliable Robotics aims to commercialize autonomous flying technology for existing aircraft.