Fort Raises $25M in Series B Funding

fort

Fort Robotics, a Philadelphia, PA-based pioneer in communications and control for smart machines, closed a $25m Series B funding.

The round was led by Tiger Global with participation from Prologis. In conjunction with the funding, Sineesh Keshav, Managing Director, Chief Technology Officer of Prologis will join FORT’s board.

The company will use the funds to accelerate the rollout of its machine communications platform.

Led by Samuel Reeves, Founder and CEO, 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.

The Series B brings the company’s total funding raised to $41.5m, and includes participation from Lemnos, GRIDS Capital, Creative Ventures, Compound, and Funders Club in addition to Tiger Global and Prologis. 

FinSMEs

12/07/2022