Technology · 9 views
SpaceX alum’s aviation startup, Reliable Robotics, lands $115M, topping $1B valuation
Reliable Robotics has been working for nearly a decade to commercialize autonomous flying technology that can be installed on existing aircraft.
AI Summary
Reliable Robotics, a Mountain View startup founded by former SpaceX executives, secured $115 million in new financing to extend its Series D round, bringing total Series funding to $275 million and pushing its valuation above $1 billion. The package includes $90 million in equity led by Nimble Partners and $25 million in debt from Silicon Valley Bank, with additional backing from Gideon Strategic Partners, RockCreek, Geek Ventures, Gold Hill Capital, Sparkwave Capital and others. The company, which has raised $380 million overall, is using the capital to advance certification of its autonomous flight system with the FAA.
AI summaries can be wrong sometimes—always verify important details using the source article.
How AI & Automation are usedCoverage Context
More from Technology
Continue reading recent Technology coverage
- HPE Spaceborne Computer 4 to launch AI straight to the Moon aboard Astrolab’s FLIP roverContinue reading
- Eka is worth $1.45B thanks to a physical AI model that has experts ravingContinue reading
- Google Cloud says a 'power event' caused today's outageContinue reading
- Data Centers Are Burning Fossil Fuels. It’s Destroying Big Tech’s Climate GoalsContinue reading
Support HappeningNow
Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.
Support HappeningNow