Reliable Robotics Extends Funding Round Past $1 Billion Valuation

Reliable Robotics announced an extension of its funding round, with its market valuation exceeding $1 billion, as it moves forward in obtaining FAA certification for its autonomous flight technology. The news is significant because it reflects a startup's progress toward approval of autonomous aviation technology regulated by the U.S. Federal Aviation Administration.

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• The company raised $115 million in the extended round.

  «as the California startup raises $115 million and surpasses a»

  GeekWire on MSN
• The company is opening a new engineering center in Bothell, near Seattle.

  «Reliable Robotics is opening a new engineering hub in Bothell to advance autonomous flight technology»

  GeekWire on MSN
• The company is benefiting from the space and aviation talent in the Seattle area.

  «tapping Seattle’s aerospace talent as the California startup raises»

  GeekWire on MSN

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