Reliable Robotics Gets $100 Million Funding Boost for Remotely Piloted Technology
The autonomous flight technology pioneer is working to certify aircraft to be remotely piloted in commercial cargo operations, which it says could be more cost-effectively expanded to relatively remote communities.
Autonomous flight systems developer Reliable Robotics has raised $100 million to bring its Remotely Operated Aircraft System into commercial service. Coatue Management led the Series C funding round, which was supported by past investors and took total fundraising to date to more than $133 million.
According to the California-based company, the new funds will support its plans to certify an aircraft for commercial cargo services, starting with Textron's Cessna Grand Caravan. It is working to establish its own cargo operator to be an early adopter of the autonomous technology, which involves licensed pilots remotely supervising all aspects of each flight, including taxi, takeoff, landing, and parking.
