Announced
Completed
Financials
Tags
United States
Aerospace
Private
Completed
Venture Capital
Private Equity
Acquisition
Friendly
aircraft parts
Minority
Domestic
Synopsis
Coatue Management, a global investment manager, led a $100m Series C funding round in Reliable Robotics, a provider of advanced aircraft automation service. Additional investors include Lightspeed Venture Partners, Eclipse Ventures, Teamworthy Ventures and Pathbreaker Ventures. “We believe Reliable Robotics is a leader in aircraft automation for commercial aviation. We were impressed by the team's clear vision, measured certification progress and track record of industry achievement. We are proud and excited to support Reliable’s goal to be the first to deliver FAA-certified, remotely piloted systems to market," Jaimin Rangwalla, Coatue Senior Managing Director.
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