Source: VentureBeat
Summary
Reliable Robotics announced it has extended its Series D funding round, securing $115 million in equity and $25 million in debt. The company, which develops autonomous flight systems for cargo aircraft, said the funding will support its ongoing efforts to advance its AI-driven aviation technology. The round was led by existing investors, including Bessemer Venture Partners and GV. The company has not yet received regulatory approval for its systems but continues to work with aviation authorities.
Our Reading
The launch follows a familiar script.
Reliable Robotics is raising more money for AI-powered flight systems.
They’re still waiting for regulators to say yes.
Another round of funding, another step closer to “revolutionizing” air travel.
It’s just a new name for the same old dream.
Author: Evan Null
