GoKawiilReliable Robotics raises $115M extension, valuation tops $1 billion
Reliable Robotics, an autonomous flight startup founded by SpaceX veterans, raised $115 million in an extension to its Series D round, combining $90 million in equity led by Nimble Partners and $25 million in debt from Silicon Valley Bank. The round brings its Series D total to $275 million and its cumulative funding to $380 million, pushing its valuation past $1 billion. CEO Robert Rose said the company continues to provide evidence to the FAA as it works toward certifying its autonomous flight systems.