If you are an entrepreneur and looking to raise funding, you might have heard of the term “reliable series.” These investments are meant to be long-term, Chinese Us Dept. Solarwinds and reliable. This is important to investors and if you are looking to invest in a startup, you need to know that the company will be able to pay you back for your investment.
Snapchat has had an impressive growth since it announced the $100 million Series C funding in March at a $1.25 billion valuation. With 37 million users, the mobile app has reached another milestone, and its investors believe it has a strong shot at becoming a major player in the social networking space. Several leading investors have joined the round, including Coatue Management and Sequoia Capital. A number of other funds have also stepped in, including Lightspeed Ventures, Pathbreaker Ventures, and Teamworthy Ventures.
Some investors have sounded a warning, however, about the prospects for further tech stock declines. The tightening of valuations for startups has been trickling down to companies at all stages of development, and the future could be bleak for many. In the meantime, the tightening has been a boon for some companies, like Snapchat. Founded in 2011, the company has already gained over 37 million users, and it is reportedly worth over $3.5 billion.
Reliable Series is an intelligent robot that can recognize and respond to natural events. The company is seeking $100M in Series C led by Coatue Management. Here’s a look at the company, its founders and future plans.
Raising $100M Series C led by Coatue Management
The Coterie is a platform for startup founders to access venture capital. It has raised over $500 million in assets under management, providing financing to private companies and institutional alternative investment firms.
Cadence, a health technology company, has raised $100 million in Series B funding. Coatue Management is the lead investor. Other investors include Sequoia Capital, Thrive Capital, General Catalyst, and Health Ventures.
Reliable Robotics, a California-based startup that builds autonomous aircraft systems, has raised a $100m Series C round. Investors include past investors, such as General Atlantic and NGP ETP, as well as new ones, like Tiger Global and Sanofi Ventures.
Gamma, a productivity suite, has raised $7M in Seed funding. The company has also received a total of $130 million in series C funding. This will be used to expand the company’s product portfolio and help it to enter the commercial market.
Trusted Health, a nurse staffing platform, has raised $94 million in a series C round. Funding came from Craft Ventures, GreenSpring Associates, and other partners.
Founders of Reliable Robotics
Reliable Robotics is a California-based startup developing an automated aircraft system. The company has been able to successfully demonstrate a remotely operated commercial aircraft over a major metropolitan area. It has also been able to retrofit a conventional fixed-wing airplane to perform the same feat. To date, the company has received key authorizations from the Federal Aviation Administration. In the ensuing months, Reliable Robotics has been busy raising funds to support its growth. A recent round of funding brought its total fundraising over $133 million. Among its investors are Teamworthy Ventures, Coatue Management, and Lightspeed Ventures.
Reliable Robotics isn’t just building the best robot, it’s also creating a new category in the aviation industry. Its remote-operated aircraft system can perform all the required functions, including taking off and landing. Additionally, the company’s airborne vehicles can be deployed on airstrips with a fraction of the required infrastructure. This will have a big impact on the amount of airport traffic in the long run.