FORT Robotics today announced approximately $20 million in new commitments from existing investors, expanding the capital available to support FORT's next phase of growth. Tiger Global is leading an approximately $10 million financing, with participation from Mark Cuban Companies, that is expected to close this week. Tiger Global also has committed an additional $10 million to the previously announced common equity PIPE (Private Investment in Public Equity) expected to close in connection with the closing of FORT's proposed business combination with Newbury Street II Acquisition Corp (Nasdaq: NTWO). Together with previously announced PIPE commitments, today's announcement brings the total committed capital to date in connection with FORT's proposed business combination to more than $50 million.

FORT Robotics is the Trust Layer for Physical AI, with the charter of making autonomous machines safe, secure, and reliable enough to deploy at scale alongside humans. Partnering with FORT gives robot manufacturers and end users the ability to certify safety, maximize efficiency, and accelerate time to market.

Since its founding in 2018, FORT has become a leading provider of safety solutions across the robotics industry, with its solutions being used across warehousing, transportation, manufacturing, construction, agriculture, mining, energy, defense, and other industries. FORT has secured 25 patents and deployed more than 19,500 units to a global base of over 600 customers including Fortune 500 category leaders.