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Reliable Robotics extends Series D to reach unicorn status

Reliable Robotics has extended its Series D financing round by $115 million, lifting its valuation above $1 billion as it continues commercializing autonomous flight systems.

A Reliable Robotics experimental aircraft in flight over rural fields.
Image: @TFNBreakingNews

Reliable Robotics has raised a $115 million extension to its Series D round, propelling the company to unicorn status with a valuation exceeding $1 billion, according to TechCrunch and Tech Funding News. The new capital brings the company's total Series D funding to $275 million, up from an initial $160 million.[1][3][4][5]

Reports differed slightly on the exact composition of the capital infusion. According to Tech Funding News, the $115 million is a hybrid package consisting of $90 million in equity led by returning backer Nimble Partners and a $25 million term loan from Silicon Valley Bank. TechCrunch previously posted that the company secured $115 million in equity alongside $25 million in debt.[2][3]

The company has spent nearly a decade developing autonomous flight technology that can be retrofitted onto existing aircraft, aiming to advance automated flight systems for aviation logistics.[1][4]

Key facts

  • Reliable Robotics raised a $115 million Series D extension, lifting the total round to $275 million.
  • The funding extension pushed Reliable Robotics' valuation past $1 billion.
  • According to Tech Funding News, the $115 million includes $90 million in equity led by Nimble Partners and a $25 million term loan from Silicon Valley Bank.
  • TechCrunch reported the extension consisted of $115 million in equity and $25 million in debt.
  • Reliable Robotics has worked for nearly a decade on autonomous flying technology designed for installation on existing aircraft.

Sources · 5 sources

  1. TE

    TechmemeArticle ·

    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) 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.

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  2. TE

    TechCrunch@TechCrunchPost on X ·

    Reliable Robotics extended its Series D round with $115 million in equity and $25 million in debt. https://t.co/gKdWexMh2u

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  3. TF

    Tech Funding News@TFNBreakingNewsPost on X ·

    ✈️ @reliable_robot said it had added $115 million to its Series D, lifting the round to $275 million and its valuation above $1 billion. https://t.co/9CZfwbC8R2 The $115 million is a blend, not all equity. It combines $90 million in equity, led by returning investor @NimblePartners, with a $25 million term loan from Silicon Valley Bank. #ai #ustech #funding #innovation #investment #aircraft #autonomous #technology #valuation

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  4. CB

    Crypto BriefingArticle ·

    Reliable Robotics reaches unicorn status as Series D extension adds $115M in equity Reliable Robotics' unicorn status highlights the growing investment and trust in autonomous flight systems, potentially transforming aviation logistics. The post Reliable Robotics reaches unicorn status as Series D extension adds $115M in equity appeared first on Crypto Briefing .

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  5. TE

    Techmeme@TechmemePost on X ·

    Reliable Robotics, which develops an autonomous flight system, raised a $115M extension for its $160M Series D, pushing its valuation to $1B+ (@kirstenkorosec / TechCrunch) (Visit Techmeme dot com for the link and full context!)

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