Venture Capital News: FORT Robotics Lands $25M Series B Funding
2022-07-12
PHILADELPHIA, PA, FORT Robotics, a pioneer in communications and control for smart machines, today announced the close of a $25 million Series B funding round, led by Tiger Global.
FORT Robotics (FORT) will use the funds to accelerate the rollout of its machine communications platform, which aims to make autonomous machines safer and more secure.
The Series B brings the company's total funding raised to $41.5 million, and includes participation from Lemnos, GRIDS Capital, Creative Ventures, Compound, and Funders Club in addition to Tiger Global and Prologis.
FORT helps machine builders and users to reduce risk, accelerate development, and scale autonomous systems by enabling trusted communications and control for smart machines. The company's platform pairs functional safety and cybersecurity principles to ensure that critical information can be sent to, from, and between machines with the highest levels of trust. Founded in 2018 and based in Philadelphia, FORT provides solutions for hundreds of clients, including 60+ Fortune 1000-sized companies, in warehousing, construction, agriculture, transportation, and more.
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