Predict your next investment

Venture Capital
pathbreakervc.com

See what CB Insights has to offer

Investments

26

Portfolio Exits

1

Funds

2

About Pathbreaker Ventures

Pathbreaker Ventures invests in specialized teams willing to break new paths to build differentiated products that transform industries.

Pathbreaker Ventures Headquarter Location

221 Kearny St 5th Floor

San Francisco, California, 94108,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Pathbreaker Ventures News

Reliable Robotics Raises $100 Million to Expand Access to More Places With Remotely Piloted Cargo Operations

Oct 17, 2021

Reliable Robotics Raises $100 Million to Expand Access to More Places With Remotely Piloted Cargo Operations Reliable Robotics , a leader in automated aircraft systems, announced today a $100 million Series C funding round led by Coatue Management. Coatue joins past investors Lightspeed Venture Partners, Eclipse Ventures, Teamworthy Ventures and Pathbreaker Ventures to bring total fundraising over $133 million. With its innovative airframe independent technology, Reliable’s Remotely Operated Aircraft System is designed to expand safe, flexible and efficient air transportation service to more locations. The capital raised enables the company to scale its team to support its first aircraft certification program and expedite the launch of commercial cargo operations. “We believe Reliable Robotics is a leader in aircraft automation for commercial aviation,” said Jaimin Rangwalla, a Senior Managing Director at Coatue. “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.” Reliable Robotics is positioned to unlock access to thousands of underutilized regional and municipal airports in all corners of the country, greatly expanding air transportation options for cargo and eventually passengers. The company’s technology handles all phases of flight including taxi, takeoff, landing and parking, while licensed pilots remotely supervise each flight from a control center. The system has the capability to autoland on smaller airstrips in rural or remote areas without requiring expensive infrastructure to be installed and maintained. “Automated aircraft present a massive opportunity to transform the cargo industry over the next several years,” said Jeff Drees, former Co-owner and Chief Commercial Officer of Ameriflight, the largest regional air cargo carrier in the world. “Remotely piloted cargo delivery provides a huge advantage with low cost, anytime, anywhere flights that increase aircraft utilization and availability.” Drees recently joined Reliable Robotics to build its airline subsidiary and deliver cargo services while preparing for the adoption and scaling of remotely operated aircraft. Reliable Robotics has made substantial progress in key development areas throughout its phased approach to certification, deepening its regulatory experience with ongoing engagement with the Federal Aviation Administration (FAA). As part of this work, the company has received key authorizations from the FAA for the flight of experimental unmanned aircraft. In 2019, Reliable demonstrated remote operation of a large commercial aircraft over a metropolitan area, marking an aviation first for a private company in the United States. Additionally, the company announced a partnership with NASA as part of the Advanced Air Mobility National Campaign to further real-world flight testing of its system. “We appreciate our public-private partnership with the FAA and NASA as we work to integrate our Remotely Operated Aircraft System into the airspace. We intend to bring unprecedented safety and reliability to today’s commercial aircraft,” said Robert Rose, Co-founder and CEO of Reliable Robotics. “Close collaboration with our public institutions, strong backing from visionary investors and keen interest within the cargo industry further accelerates our mission to expand everyone’s access to air transportation.” Planned expansion of the company’s aircraft program to additional, larger airframes will further demonstrate the versatility of its system. The company also intends to support emerging electric and hybrid electric platforms and eventually passenger aircraft. Since emerging from stealth last year, Reliable Robotics has grown substantially. The company has more than doubled in size, attracting a diverse group of engineers with expertise in aviation, autonomy and other mission and safety-critical domains. To learn more about how the team built its system, watch Reliable Robotics: Automated Aviation. About Reliable Robotics Reliable Robotics launched in 2017 to bring certified autonomous vehicles to commercial aviation as soon as possible. The company’s automation system enables remote operation of any aircraft type and expands access to more locations. Reliable’s vision is to transform the way we move goods and people around the planet with safer, more convenient and more affordable air transportation. The company is headquartered in Mountain View, CA and has a distributed global workforce. Learn more and see job openings at  https://reliable.co Prev post

Pathbreaker Ventures Investments

26 Investments

Pathbreaker Ventures has made 26 investments. Their latest investment was in Reliable Robotics as part of their Series C on October 10, 2021.

CBI Logo

Pathbreaker Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/14/2021

Series C

Reliable Robotics

$100M

No

14

9/29/2021

Seed VC

GrayMatter Robotics

$4.1M

Yes

2

9/22/2021

Series C

Iron Ox

$53M

No

4

9/16/2021

Series A

Subscribe to see more

$99M

Subscribe to see more

10

12/16/2020

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

10/14/2021

9/29/2021

9/22/2021

9/16/2021

12/16/2020

Round

Series C

Seed VC

Series C

Series A

Seed VC

Company

Reliable Robotics

GrayMatter Robotics

Iron Ox

Subscribe to see more

Subscribe to see more

Amount

$100M

$4.1M

$53M

$99M

$99M

New?

No

Yes

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

14

2

4

10

10

Pathbreaker Ventures Portfolio Exits

1 Portfolio Exit

Pathbreaker Ventures has 1 portfolio exit. Their latest portfolio exit was Apprente on September 10, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/10/2019

Acquired

6

Date

9/10/2019

Exit

Acquired

Companies

Valuation

Acquirer

Sources

6

Pathbreaker Ventures Fund History

2 Fund Histories

Pathbreaker Ventures has 2 funds, including Pathbreaker Ventures Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/3/2020

Pathbreaker Ventures Fund II

Early-Stage Venture Capital

$15.4M

1

8/29/2016

Pathbreaker Ventures Fund

Subscribe to see more

$99M

10

Closing Date

1/3/2020

8/29/2016

Fund

Pathbreaker Ventures Fund II

Pathbreaker Ventures Fund

Fund Type

Early-Stage Venture Capital

Subscribe to see more

Status

Amount

$15.4M

$99M

Sources

1

10

Pathbreaker Ventures Team

1 Team Member

Pathbreaker Ventures has 1 team member, including current Founder, Managing Partner, Ryan Gembala.

Name

Work History

Title

Status

Ryan Gembala

Meta, Convercent, Telly, and Hyde Park Angels

Founder, Managing Partner

Current

Name

Ryan Gembala

Work History

Meta, Convercent, Telly, and Hyde Park Angels

Title

Founder, Managing Partner

Status

Current

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.