Reliable Robotics bagged $100M Series C funding

The pilot is the most important and expensive aspect of running a cargo operation. A pilot is needed to take off as well as land. The rest of the time is pretty much instruments. Therefore, Reliable Robotics has come up with a solution to the need-of-pilots-in-the-plane problem. It plans to solve it by putting the pilot on the ground when you need it. The plane will find its destination on its own the rest of the time.

Investments and plans of Reliable Robotics

Coatue Ventures, Lightspeed Ventures, Eclipse Ventures, Teamworthy Ventures, and Pathbreaker Ventures all believe this is the future, to the point of backing the Mountain View, California-based company with a $130 million of total funding. The company today announced its $100 million Series C funding, led by Coatue Management.

The funds will go toward scaling the team and supporting its first aircraft certification program. This will work towards commercial cargo operations. In the first instance, the company is working on automation systems for existing aircraft. They have been experimenting and developing using a Cessna 172, which started flying unmanned flights a couple of years ago.

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Details and business strategy of the company

Founded in 2017, the company was operating in stealth mode until last year. The technology created by reliable robotics handles all phases of flight. These phases are taxi, takeoff, landing, and parking. Pilots supervise all the activity remotely from a control center. The startup says that its technology is capable of auto-landing on small airstrips in rural and remote areas. And this can be done without extra infrastructure or installation of additional technology at the airports.

Since pilots are the costliest element of a cargo operation, trucking has similar roadblocks. A driver’s skill can ruin a cargo operation or make it a success. Hence, doing deliveries by air and replacing qualified pilots with autonomous systems that can be overridden from the ground results in lowered cost and utilization of the aircraft skyrockets.

Reliable Robotics’ USP

The main selling point of the company is connecting regional and municipal airports across the country. The company is focusing on increasing efficiency and decreasing the cost of hauling cargo around. Reliable Robotics also hints at a future where passengers can step aboard remotely piloted planes. The company is also evaluating emerging electric and hybrid aircraft platforms.

Of course, people are a little twitchy about the safety aspects of self-driving cars. Planes add a literal additional dimension to the mix. The Federal Aviation Administration (FAA) is keeping a close eye on Reliable Robotics and other commercial operators in this space. But, the agency has greenlit a number of authorizations for experimental unmanned aircraft.

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Alex is a seasoned editor and writer with a deep passion for technology and startups. With a background in journalism, content creation, and business development, Alex brings a wealth of experience and a unique perspective to the ever-changing world of innovation. As the lead editor at Startup World, Alex is committed to discovering the hidden gems in the startup ecosystem and sharing these exciting stories with a growing community of enthusiasts, entrepreneurs, and investors. Always eager to learn and stay updated on the latest trends, Alex frequently attends industry events and engages with thought leaders to ensure Startup World remains at the forefront of startup news and insights. Alex's dedication and expertise help create an engaging platform that fosters knowledge-sharing, inspiration, and collaboration among tech-savvy readers worldwide.

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