Reliable Robotics has raised $115 Million in New Funding

According to filings with the U.S. Securities and Exchange Commission, Reliable Robotics has raised $115 Million in new Series D funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.

Investors in the company’s current round of funding include: Nimble Partners, Gideon Capital, RockCreek, Geek Ventures, Gold Hill Capital, Sparkwave Capital, Island Green Partners

About Reliable Robotics
Reliable Robotics develops autonomous systems for aviation, centered on a flight-control system designed for safety and certifiability. Its technology automates every phase of aircraft operation, including taxiing, takeoff, enroute flight, and landing, by combining navigation, precision controls, secure communications, radar, and fault-tolerant computing. Triple-redundant hardware and software, automated engine and flight-surface controls, and electromechanically actuated brakes support reliable gate-to-gate operation and advanced autoland capabilities. The companys flight-management system enables remote supervision during planned and unplanned conditions, while redundant voice and data links allow remote pilots to integrate aircraft into airspace and support continuous worldwide service. Its Reliable Autonomy System is designed to work across different aircraft and airspace environments and is suitable for both commercial and military applications.

To learn more, visit https://reliable.co/
Linkedin: https://www.linkedin.com/company/reliableairlines/

Contact:
Robert Rose, CEO
https://www.linkedin.com/in/robertwrose/

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