Reported by 2 outlets
The story so far
AI summary of the reporting below · Updated · How we work
Reliable Robotics has raised $115 million in new funding and opened a radar research hub in Bothell, Washington. The capital injection—consisting of a $90 million equity investment led by Nimble Partners and a $25 million term loan from Silicon Valley Bank—lifts the company's valuation past $1 billion and brings total funding to $380 million. [1][2]
The 25-person Bothell facility serves as a testing center for the company's solid-state, air-to-air collision avoidance radar. Unlike conventional mechanically steered antennas, the solid-state design eliminates moving parts to scan airspace at longer range with higher resolution, according to co-founder and CEO Robert Rose. Reliable plans to design its autonomous flight systems to retrofit onto existing aircraft rather than building new airframes. [1][2]
The company is pursuing four separate Federal Aviation Administration certifications. Its initial product, continuous autopilot engagement, automates taxiing, takeoff, and landing while keeping a pilot in the cockpit, with Rose expecting approval in 18 to 24 months. Fully uncrewed remote flights remain at least three years away, while FAA certification for the proprietary collision radar is targeted by late 2027. [1][2]
Reliable Robotics is opening a new engineering hub in Bothell to advance autonomous flight technology, tapping Seattle’s aerospace talent as the California startup raises $115 million and surpasses a $1 billion valuation.
via GeekWire
Reliable Robotics extended its Series D round with $115 million in equity and $25 million in debt.
via TechCrunch