- Companies
- FORT Robotics
FORT Robotics Funding, Investors & Competitors
FORT Robotics has raised $77M across 4 funding rounds, most recently a $20M undisclosed-stage round in October 2026.
Last FORT Robotics funding round
$20M
Undisclosed stage · Oct 2026
Cumulative funding FORT Robotics raised
$77M
across 4 funding rounds
Key investors in FORT Robotics
Tiger Global
FundersClub
Creative Ventures
Mark Cuban
Compound
Prime Movers Lab
Prologis Ventures
Lemnos VC
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
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
FORT Robotics Funding History
FORT Robotics has raised a total of $77M across 4 funding rounds.
FORT Robotics' first fundraising round was a $13M Series A in March 2021. The most recent completed round was a $20M undisclosed-stage round in October 2026.
FORT Robotics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2026 | Undisclosed stage | Tiger Global (lead); Mark Cuban Companies | $20M | FORT Robotics announced approximately USD 20 million in new commitments from existing investors on 22 October 2026, led by Tiger Global with participation from Mark Cuban Companies. Tiger Global is leading an approximately USD 10 million financing, expected to close that week, and has committed a further USD 10 million to the common equity PIPE tied to FORT's proposed business combination with Newbury Street II Acquisition Corp. Together with earlier PIPE commitments, total committed capital for that combination now exceeds USD 50 million. Tiger Global partner Griffin Schroeder said the continued investment reflects conviction in FORT's progress. FORT, founded in 2018 by Samuel Reeves, describes itself as the trust layer for physical AI, providing safety and security hardware and software for autonomous machines. Its technology is deployed across more than 19,500 units for over 600 customers, including Agility Robotics, Google DeepMind, Zoox and DoorDash, and the company holds 25 patents. It is based in Philadelphia, and its 2025 revenue grew 62 percent year on year. |
| Aug 2025 | Series B | Tiger Global (lead); Creative Ventures; GRIDS Capital; Prime Movers Lab; Neman Ventures; Ahoy Capital; Mark Cuban; FundersClub; Gaingels; Mana Ventures; Ryuu Co. | $19M | FORT 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 2022 | Series B | Tiger Global (lead); Creative Ventures; GRIDS Capital; Compound; Prologis Ventures; FundersClub; Lemnos VC | $25M | FORT 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 2021 | Series A | Prime Movers Lab (lead); Creative Ventures; Compound; Prologis Ventures; Ahoy Capital; Mark Cuban; FundersClub; Lemnos VC; Quiet Capital | $13M | FORT 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?
16 investors have backed FORT Robotics across its funding rounds, including Tiger Global, FundersClub, Creative Ventures, Mark Cuban, Compound and Prime Movers Lab.
Lead investors include Tiger Global and Prime Movers Lab.
FORT Robotics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Mar 2021 | ||
| 3 | Participant | Mar 2021 | ||
| 3 | Lead | Jul 2022 | ||
| 2 | Participant | Jul 2022 | ||
| 2 | Participant | Mar 2021 | ||
| 2 | Lead | Mar 2021 | ||
| 2 | Participant | Mar 2021 | ||
| 2 | Participant | Mar 2021 | ||
| 2 | Participant | Mar 2021 | ||
| 2 | Participant | Mar 2021 | ||
| 1 | Participant | Aug 2025 | ||
| 1 | Participant | Oct 2026 | ||
| 1 | Participant | Aug 2025 | ||
This data is available for Pro users. Sign up to see all 16 FORT Robotics investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | Pittsburgh, PA |
| Deal Date | 26 May 2026 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all FORT Robotics acquisitions and their M&A valuation multiples. Start Free Trial | |
FORT Robotics Competitors
FORT Robotics competitors include listed companies like Symbotic and UBtech Robotics, and private ones like Apptronik, Sharpa, Sineva and Square Robot.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $5.3B | - | ||
| Private | - | - | $3.3B | - | ||
| Private | - | - | $1.8B | - | ||
| Private | - | - | $1.4B | - | ||
| Publicly listed | $2.2B | ($35M) | $4.8B | 1.2x | ||
| Publicly listed | $300M | ($109M) | $4.2B | 8.2x |
FORT Robotics Public Comps
FORT Robotics is still privately-owned, but its public comps include Tesla, Siemens, Schneider Electric, ABB, Hitachi, Stryker, Mitsubishi, Emerson Electric, Johnson Controls and Honeywell.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $95B | $10B | 14.6x | 13.1x | 137.6x | 93.2x | |||
| $88B | $15B | 3.0x | 2.8x | 18.0x | 15.5x | |||
| $45B | $9.2B | 3.7x | 3.4x | 18.2x | 15.5x | |||
| $33B | $6.9B | 4.5x | 4.0x | 21.8x | 18.2x | |||
| $67B | $11B | 1.8x | 1.7x | 11.3x | 10.7x | |||
| $25B | $6.3B | 5.4x | 5.1x | 21.5x | 17.9x | |||
| $120B | $8.5B | 1.2x | 1.2x | 17.5x | 21.4x | |||
| $18B | $4.7B | 5.6x | 5.3x | 21.5x | 18.3x | |||
This data is available for Pro users. Sign up to see all FORT Robotics competitors and their valuation data. Start Free Trial | ||||||||
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 is a private, VC-backed company. |
| How much funding has FORT Robotics raised? | FORT Robotics has raised $77M across 4 funding rounds. |
| What was FORT Robotics' last funding round? | FORT Robotics' last funding round was a $20M undisclosed-stage round in October 2026, led by Tiger Global. |
| Who are FORT Robotics' investors? | FORT Robotics' investors include Creative Ventures, FundersClub, Tiger Global, GRIDS Capital, Compound, Prime Movers Lab, Prologis Ventures, Ahoy Capital, Mark Cuban, Lemnos VC and 6 others. |
| Which companies are comparable to FORT Robotics? | Companies comparable to FORT Robotics include Apptronik, Sharpa, Sineva, Square Robot, Symbotic and UBtech Robotics. |
| How many companies has FORT Robotics acquired? | FORT Robotics has acquired 1 company, including Mapless AI. |
See companies similar to FORT Robotics
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




