FORT's $25MM Series B Funding Accelerates Expansion of its Machine Communications Platform
Summary
"As the world experiences a massive shift toward autonomous and connected machinery in nearly every industry, FORT seeks to address the vulnerabilities of these systems with its platform for trusted machine communications. "In speaking about their investment in FORT, Tiger Global added that "Trust in machine communications is vital as the number of autonomous systems deployed in the real world multiplies exponentially. FORTs platform is already being utilized by some of the biggest names in automation, and we are thrilled to be a part of their continued growth," said Griffin Schroeder, Partner, Tiger Global.The Series B brings the companys total funding raised to $41.5 million, and includes participation from Lemnos, GRIDS Capital, Creative Ventures, Compound, and Funders Club in addition to Tiger Global and Prologis.For additional information about FORT, please visit www.fortrobotics.com.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 companys 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.