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Reliable Robotics exceeds $1 billion valuation with $115 million funding

TechCrunch +1 ·

  1. 1Reliable Robotics has secured $115 million in funding.
  2. 2The funding includes $90 million in equity investment led by Nimble Partners and $25 million in debt from Silicon Valley Bank.
  3. 3CEO Robert Rose stated that the startup is approaching FAA certification.

So what's the key point?

Reliable Robotics received approximately $115 million in investment. This means the company's value has surpassed $1 billion and it is getting closer to the certification stage.

Source TechCrunch +1 · View original ↗

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