Reliable Robotics raises $100 mn Series C funding to launch of commercial cargo operations

Reliable Robotics announced a $100 million Series C funding round led by Coatue Management to support its first aircraft certification program and expedite the launch of commercial cargo operations.
Coatue joins past investors Lightspeed Venture Partners, Eclipse Ventures, Teamworthy Ventures and Pathbreaker Ventures to bring total fundraising over $133 million. With its airframe independent technology, Reliable’s remotely operated aircraft system is designed to expand safe, flexible and efficient air transportation service to more locations.
Reliable Robotics is positioned to unlock access to thousands of underutilized regional and municipal airports in all corners of the country, greatly expanding air transportation options for cargo and eventually passengers. The company’s technology handles all phases of flight including taxi, takeoff, landing and parking, while licensed pilots remotely supervise each flight from a control center. The system has the capability to autoland on smaller airstrips in rural or remote areas without requiring expensive infrastructure to be installed and maintained.