#USA #Philadelphia #Safety Solutions #FORT Robotics #Robotics Funding

FORT Robotics Secures Additional $18.9 Million in Series B Funding

FORT Robotics, a pioneer in safety and security solutions for intelligent machines, has recently announced the successful closure of $18.9 million in its Series B funding round, raising its total funding to an impressive $60.5 million. This significant investment marks a crucial moment for the company, which is positioned at the forefront of the rapidly evolving robotics and physical AI landscape. The funding round was spearheaded by Tiger Global and drew notable participation from both existing and new investors, demonstrating strong confidence in FORT Robotics' vital role in advancing safety for emerging automation technologies.

The robotics industry is currently experiencing a pivotal moment, with autonomous systems being deployed extensively across various sectors, including autonomous vehicles, agriculture, construction, and factory automation. As these technologies become more prevalent, the need for robust safety solutions becomes paramount. The newly acquired funds will accelerate FORT's mission to equip machine builders and end-users with reliable safety systems, particularly as autonomous machinery is increasingly integrated into workplaces around the globe.

Samuel Reeves, CEO of FORT Robotics, expressed his enthusiasm regarding the funding. “Robotics and physical AI are rapidly transforming every worksite worldwide. As the deployment of robotic systems increases, ensuring functional safety is becoming more essential. We are grateful to welcome new investors who align with our vision and remain appreciative of our longstanding partners’ continued faith in FORT.”

Strengthening Leadership With New Board Appointments

To enhance its strategic vision and operational excellence, FORT Robotics has welcomed three new board members: Kirk D. Brown, COO and CFO of SportsMedia Technology; Jorge Heraud, CEO of TerraBlaster; and Benjamin G. Wolff, President and CEO of Palladyne AI. Their extensive backgrounds in technology and robotics will provide invaluable insights as FORT navigates its next growth phase.

Strategic Direction for the Future

The funds raised will be strategically deployed to bolster FORT’s product offerings, focusing on three main areas:
1. Enhancing Existing Products: The company aims to expand its current offerings by introducing new communication protocols, API integrations, and ensuring compliance on a global scale.
2. Developing Next-Generation Safety Solutions: FORT Robotics intends to broaden its platform capabilities through advanced data analytics and comprehensive safety protocols, positioning themselves to replace outdated methods that fail to meet today’s demands.
3. Accelerating Growth Initiatives: Investment will expedite the development and implementation of innovative technologies that support secure machine-building and operational usage.

Investor Confidence and Future Prospects

The Series B funding round reflected robust support from returning investors, including Tiger Global and Mark Cuban, alongside the addition of prominent new backers such as Neman Ventures and Gaingels. Shane Neman, CIO of Neman Ventures, articulated his enthusiasm for FORT Robotics, stating, “Their commitment to safety for physical AI and intelligent machines aligns perfectly with our vision for the future of work and automation. We are thrilled to support FORT in their mission to advance safety standards in robotics.”

Conclusion

Founded in 2018, FORT Robotics is now serving over 500 clients, with around 12,000 units deployed and 27 patents awarded. With this new capital, they aim to maximize human-machine collaboration while ensuring minimal risks across diverse sectors, from agriculture to construction. The future of FORT Robotics looks promising as they lead the charge in advancing safety for intelligent robotic systems. For more information, visit fortrobotics.com.