SpaceX alum's Reliable Robotics raises $115M, valuation tops $1B

Mountain View-based Reliable Robotics, which is developing autonomous flight systems for existing aircraft, has raised $115 million in an extension of its Series D round. The round now totals $275 million and pushed the startup's valuation past $1 billion, with $380 million raised to date. FAA certification of its first product is expected in 18 to 24 months.

• $90 million in equity led by Nimble Partners and $25 million in debt from Silicon Valley Bank
• Series D now totals $275 million; $380 million raised to date
• First product is continuous autopilot engagement for taxiing, takeoff and landing
• Solid-state collision-avoidance radar certification expected by end of 2027