What Happened
Autonomous Flight Startup Boosts Valuation Beyond $1 Billion Mark
Reliable Robotics, a startup founded by SpaceX alumni, has secured $115 million in funding, extending its Series D round and pushing its valuation beyond $1 billion. The company is working towards FAA certification of its autonomous flight systems, with the goal of revolutionizing the aviation industry. The funding includes $90 million in equity and $25 million in debt, with investors such as Nimble Partners and Silicon Valley Bank participating. This development was reported by Aero-News Network.