Fenwick represented Reliable Robotics, a leader in bringing autonomous capability to airplanes, in its $25 million in Series B financing led by Eclipse Ventures. Pathbreaker Ventures and Teamworthy Ventures also participated. This financing brings Reliable Robotics’ total funding to $33.5 million.
Reliable Robotics has announced that they have achieved historic firsts for global commercial aviation by completing successful test flights of remote-piloted passenger airplanes in United States airspace. Their funding is being used to build components of the remote hardware and software needed to retrofit aircraft and to continue hiring top aerospace and engineering talent. More information can be obtained from Reliable Robotics’ announcement.
The Fenwick transaction team included corporate partner Steven Levine and associates William Black and Tina Lee.