FORT Robotics, a company specializing in safety and security solutions for intelligent machines, announced the close of an additional $18.9 million in its Series B funding round. The round was led by Tiger Global, with participation from new and returning investors. Returning investors included Tiger Global, Prime Movers Lab, Mark Cuban, FundersClub, Creative Ventures, GRIDS Capital, and Ahoy Capital. New investors included Neman Ventures, Mana Ventures, Gaingels, and Ryuu Co. of Japan.
The company’s total funding now stands at $60.5 million. FORT attributes its growth to the increased deployment of autonomous systems across various industries, including autonomous vehicles, agriculture, construction, defense, factory automation, and humanoid robotics, where its solutions are implemented. The new funding is intended to advance FORT’s objective of providing safe, secure, and dynamic control for machine builders and users as autonomous systems become more widespread globally.
FORT Robotics also announced three new board members: Kirk D. Brown (COO and CFO of SportsMedia Technology, former COO of Overwatch Geospatial), Jorge Heraud (CEO of TerraBlaster, former CEO of Blue River Technology and VP of Automation at John Deere), and Benjamin G. Wolff (President and CEO of Palladyne AI, co-founder and CEO of Clearwire Corporation). Their backgrounds include experience in entrepreneurship, robotics, and technology.
The investment will be used to:
- Enhance existing products by incorporating new communication protocols, API integrations, and expanded international compliance.
- Develop next-generation safety features, such as data analytics and comprehensive safety solutions for physical AI.
- Accelerate growth through further development and implementation of FORT’s technology.
KEY QUOTES:
“Robotics and physical AI are quickly transforming every worksite globally. As robot fleets grow and work alongside people, the need for robust functional safety becomes even more vital. We’re seeing sharp acceleration in new customers and growth from long-time users of the FORT platform. We’re excited to welcome new investors who share our vision for the changing worksite, and we’re deeply appreciative of the ongoing investment from long-time partners like Tiger Global.”
Samuel Reeves, CEO of FORT Robotics
“At Neman Ventures, we strategically invest in companies at the forefront of transformative technologies. FORT Robotics’ commitment to safety for physical AI and intelligent machines directly aligns with our vision for the future of work and advanced automation. Their platform is a crucial enabler for the next generation of robotics, including emerging areas like humanoids. We are excited to support FORT as they expand their comprehensive safety solutions.”
Shane Neman, CIO and General Partner of Neman Ventures
