IMAGE: Robert Rose & Juerg Frefel
COMPANY: Reliable Robotics 🛩 🤖
INVESTORS: Coatue Management, Teamworthy Ventures, Pathbreaker Ventures, Lightspeed Venture Partners, & Eclipse Ventures
ROUND: Series C
NOTE: Reliable Robotics, a provider of advanced automation systems for aviation companies, raised $100 million in its Series C round of funding. The funds will go toward scaling the team and supporting its first aircraft certification program — working toward commercial cargo operations. In the first instance, the company is working on automation systems for existing aircraft. They have been experimenting and developing using a Cessna 172 which flew with no one on board in September of 2019.
HQ: #MountainView #California #UnitedStates
#VentureCapital #ReliableRobotics #CoatueManagement #TeamworthyVentures #PathbreakerVentures #LightspeedVenturePartners #EclipseVentures #TradedVC ...