FORT Robotics Acquisition, Valuation, Funding & Investors

FORT Robotics was acquired by Newbury Street II Acquisition for $557M in August 2026.

FORT Robotics acquisition price

$557M

Acquired by Newbury Street II Acquisition · Aug 2026

Cumulative funding FORT Robotics raised

$57M

across 3 funding rounds

Key investors in FORT Robotics

  • FundersClub
  • Creative Ventures
  • Tiger Global
  • Mark Cuban
  • Compound
  • Prime Movers Lab
  • Prologis Ventures
  • Lemnos VC

FORT Robotics Overview

About FORT Robotics

FORT Robotics is a Baltimore-headquartered provider of wireless safety and security systems for autonomous machines. It offers the FORT Safety Controller for drones and robots, integrating geofencing, remote ID, and cybersecurity features compliant with FAA and ASTM standards. The company serves industries like energy inspections, construction, and agriculture, with deployments on over 10,000 machines worldwide.


Founded

2018

HQ

United StatesPhiladelphia, PA

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$557M (acquired Aug 2026)

FORT Robotics Acquisition

FORT Robotics was acquired by Newbury Street II Acquisition for $557M on 18 August 2026.

Before the acquisition FORT Robotics had raised $57M across 3 funding rounds.

FORT Robotics and Newbury Street II Acquisition Corp entered into a definitive business combination agreement on August 18, 2026 that will take FORT public. The transaction values the combined company at a pro forma enterprise value of $556.6 million and a pre-money equity value of $500.0 million, and is expected to deliver about $201 million in gross transaction proceeds, including approximately $31 million from PIPE and non-redemption investment commitments. Existing FORT shareholders will roll 100% of their equity and are expected to retain about 67% ownership at closing, assuming no redemptions. The deal is positioned to provide capital to accelerate FORT’s next phase of growth in physical AI safety, with proceeds intended for product development, global sales, partner expansion, and possible tuck-in acquisitions. The transaction also includes lock-up restrictions for existing shareholders and sponsor shares for one year after closing, and the combined company is expected to close in the fourth quarter of 2026. FORT Robotics develops a safety platform for physical AI and industrial robotics, describing itself as building a trust layer for physical AI. The company said it had more than 600 customers, more than 19,500 deployed safety units globally, and 2025 revenue growth of 62%, with Q1 2026 bookings up 101% year over year. The business combination will create FORT Robotics Holdings, Inc. upon closing.

FORT Robotics acquisition details
AcquirerDateTypePrice
  • Newbury Street II Acquisition
18 Aug 2026Strategic M&A$557M

FORT Robotics Funding History

FORT Robotics has raised a total of $57M across 3 funding rounds.

FORT Robotics' first fundraising round was a $13M Series A in March 2021. The most recent completed round was a $19M Series B in August 2025.

FORT Robotics funding rounds

FORT Robotics funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2025Series BTiger Global (lead); Creative Ventures; GRIDS Capital; Prime Movers Lab; Neman Ventures; Ahoy Capital; Mark Cuban; FundersClub; Gaingels; Mana Ventures; Ryuu Co.$19MFORT Robotics, a Philadelphia-based leader in safety and security solutions for intelligent machines, announced the close of an additional $18.9 million in its Series B funding round on August 6-7, 2025, led by Tiger Global. This extension brings the company's total funding to $60.5 million to date, with participation from returning investors including Prime Movers Lab, Mark Cuban, FundersClub, Creative Ventures, GRIDS Capital, and Ahoy Capital, as well as new investors Neman Ventures, Mana Ventures, Gaingels, and Ryuu Co. of Japan. The funding underscores investor confidence in FORT's role as a key enabler for safety in the rapidly expanding robotics and physical AI ecosystem, particularly as autonomous systems deploy at scale in sectors like autonomous vehicles, agriculture, construction, defense, factory automation, and humanoid robotics. CEO Samuel Reeves highlighted accelerating customer growth and the vital need for robust functional safety as robot fleets integrate with human workforces. Proceeds will fuel innovation in safe, secure, and dynamic control for machine builders and users, supporting FORT's expansion amid industry inflection points. Prior rounds included a $13 million Series A in March 2021 led by Prime Movers Lab and a $25 million Series B in July 2022 led by Tiger Global, contributing to the prior total of $38 million before this extension.
Jul 2022Series BTiger Global (lead); Creative Ventures; GRIDS Capital; Compound; Prologis Ventures; FundersClub; Lemnos VC$25MFORT Robotics, a pioneer in communications and control for smart machines, closed a $25 million Series B funding round on July 12, 2022, led by Tiger Global, bringing total funding to $41.5 million. Participants included Lemnos, GRIDS Capital, Creative Ventures, Compound, FundersClub, and Prologis Ventures. The funds were allocated to accelerate rollout of its machine communications platform, enhancing safety and security for autonomous machines through hardware like wireless emergency stops and remote control systems used by customers such as Agility Robotics, Hexagon, and Moog. The platform addresses growing demand in automation by expanding functionality and security offerings as autonomous systems proliferate. Tiger Global highlighted the critical need for trusted machine communications amid exponential deployment of autonomous systems. This round followed a $13 million Series A in March 2021 led by Prime Movers Lab. A later Series B extension in August 2025 added $18.9 million led by Tiger Global, with returning investors including Prime Movers Lab, Mark Cuban, FundersClub, Creative Ventures, GRIDS Capital, and Ahoy Capital, plus new investors, raising total funding to $60.5 million.
Mar 2021Series APrime Movers Lab (lead); Creative Ventures; Compound; Prologis Ventures; Ahoy Capital; Mark Cuban; FundersClub; Lemnos VC; Quiet Capital$13MFORT Robotics is a safety and security platform for smart machines, focused on preventing accidents during human-robot collaboration across autonomous vehicles, robotics, factory automation, and other industrial applications. The company provides safety software and dynamic control solutions for intelligent autonomous systems. In March 2021, FORT Robotics closed a $13 million Series A funding round led by Prime Movers Lab, with participation from Prologis Ventures, Ahoy Capital, FundersClub, Compound, Lemnos Labs, Quiet Capital, Creative Ventures, and NBA Dallas Mavericks owner Mark Cuban. CEO Samuel Reeves stated the capital would be used to double the company's workforce from 33 employees and expand product offerings as the robotics and autonomous systems markets accelerated. At the time of the Series A, the company positioned itself at the forefront of the emerging autonomous systems industry, targeting deployment across multiple sectors including autonomous vehicles, factory automation, agriculture, construction, and defense applications. The investment thesis centered on the growing need for robust functional safety systems as autonomous systems proliferated in industrial and commercial environments.

Who has invested in FORT Robotics?

15 investors have backed FORT Robotics across its funding rounds, including FundersClub, Creative Ventures, Tiger Global, Mark Cuban, Compound and Prime Movers Lab.

Lead investors include Tiger Global and Prime Movers Lab.


FORT Robotics Investors

Investors in FORT Robotics by funding rounds participated
InvestorHQRoundsRoleFirst check
Creative VenturesUnited StatesSan Francisco, CA3ParticipantMar 2021
FundersClubUnited StatesSan Francisco, CA3ParticipantMar 2021
GRIDS CapitalBrazilSão Paulo2ParticipantJul 2022
CompoundUnited StatesNew York City, NY2ParticipantMar 2021
Prime Movers LabUnited StatesJackson, MS2LeadMar 2021
Prologis VenturesUnited StatesSan Francisco, CA2ParticipantMar 2021
Ahoy CapitalUnited StatesSan Francisco, CA2ParticipantMar 2021
Mark CubanUnited StatesDallas, TX2ParticipantMar 2021
Tiger GlobalUnited StatesNew York City, NY2LeadJul 2022
Lemnos VCUnited StatesSan Francisco, CA2ParticipantMar 2021
Neman VenturesUnited StatesMiami, FL1ParticipantAug 2025
GaingelsUnited StatesNew York City, NY1ParticipantAug 2025
Mana VenturesUnited StatesSan Francisco, CA1ParticipantAug 2025

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Acquisitions by FORT Robotics

FORT Robotics has acquired 1 company to date.

Last acquisition by FORT Robotics was on May 26th 2026. FORT Robotics acquired Mapless AI for undisclosed valuation.


Latest Acquisitions by FORT Robotics

Mapless AI
Description
Mapless AI is a Pittsburgh-headquartered research firm developing perception systems for autonomous vehicles and robotics. It creates safe navigation software using machine learning models trained on diverse urban datasets. The technology processes lidar, radar, and camera inputs to predict pedestrian and vehicle behaviors. Mapless AI collaborates with automotive OEMs to deploy Level 4 autonomy solutions.
HQ CountryUnited States
HQ City
Pittsburgh, PA
Deal Date26 May 2026
Valuationundisclosed
EV/Revenue
EV/EBITDA

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FORT Robotics Competitors

FORT Robotics competitors include listed companies like Kodiak AI and Huayan Robotics, and private ones like Dyna Robotics, VisionNav Robotics, Telexistence and RoboForce.

Public and private companies comparable to FORT Robotics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Dyna RoboticsUnited StatesSan Francisco, CAPrivate--$600M-
VisionNav RoboticsUnited StatesAtlanta, GAPrivate$31M-$500M16.1x
TelexistenceJapanTokyoPrivate--$497M-
Kodiak AIUnited StatesUnited StatesPublicly listed$4M($577M)$768M98.7x
RoboForceUnited StatesSan Jose, CAPrivate--$350M-
Huayan RoboticsChinaChinaPublicly listed$58M($4M)$762M9.5x

FORT Robotics Public Comps

FORT Robotics is no longer listed, but its public comps include Robostar, Clobot, Yuil Robotics, Nanjing Bestway, Matthews International, Reconova Technologies, Stemmer Imaging, Columbus McKinnon, RoboStrategy and Anhui Wantong Technology.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Robostar$55M($3M)9.7x-(160.9x)-
Clobot$30M($2M)16.3x17.6x(290.8x)-
Yuil Robotics$27M($16M)21.9x-(35.8x)-
Nanjing Bestway$144M$25M2.6x2.4x14.8x14.2x
Matthews International$1.5B$151M0.8x1.2x8.1x7.6x
Reconova Technologies$66M($8M)10.0x-(82.0x)-
Stemmer Imaging$118M$11M3.9x-41.7x-
Columbus McKinnon$1.2B($68M)3.0x2.2x(51.8x)12.2x

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Common questions about FORT Robotics

When was FORT Robotics founded?FORT Robotics was founded in 2018.
Where is FORT Robotics headquartered?FORT Robotics is headquartered in Philadelphia, PA, United States.
Is FORT Robotics publicly listed?No, FORT Robotics was acquired by Newbury Street II Acquisition in August 2026.
Who acquired FORT Robotics?FORT Robotics was acquired by Newbury Street II Acquisition in August 2026.
How much was FORT Robotics acquired for?FORT Robotics was acquired for $557M in August 2026.
How much funding has FORT Robotics raised?FORT Robotics has raised $57M across 3 funding rounds.
What was FORT Robotics' last funding round?FORT Robotics' last funding round was a $19M Series B in August 2025, led by Tiger Global.
Who are FORT Robotics' investors?FORT Robotics' investors include Creative Ventures, FundersClub, GRIDS Capital, Compound, Prime Movers Lab, Prologis Ventures, Ahoy Capital, Mark Cuban, Tiger Global, Lemnos VC and 5 others.
Which companies are comparable to FORT Robotics?Companies comparable to FORT Robotics include Dyna Robotics, VisionNav Robotics, Telexistence, Kodiak AI, RoboForce and Huayan Robotics.
How many companies has FORT Robotics acquired?FORT Robotics has acquired 1 company, including Mapless AI.

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