LAGO Innovation Fund Facilitates $10mm Investment in Fortem Technologies to Support Demand for Drone Defense Solutions
Summary
Utilizing a proprietary technology platform with an advanced, end-to-end system of distributed radar, AI at the Edge, deep sensor integration and autonomous drone capture, Fortem monitors and defends venues, infrastructures, cities and regions around the globe.Were amazed at the advanced capabilities of Fortem Technologies for the aerospace industry, and pleased to provide this round of funding to help further their immediate business and production goals, noted Heather La Freniere, Co-founder and Managing Partner of LAGO. Their scope of information and security products are very relevant during such a challenging geopolitical landscape.The companys products are not only cost-effective and autonomous, but have also been developed and tested through the US Department of Defense (DoD) and now available for commercial use in a range of applications.This investment is a strong endorsement of Fortems innovative technology and our vital mission to protect global airspace from hostile drones, said Jon Gruen, CEO of Fortem Technologies. We would also like to extend our appreciation to Charlie OConnell from North Channel, who acted as our sole advisor in securing this funding, which will allow us to rapidly expand our capabilities and continue delivering mission-critical security solutions worldwide.About LAGOLAGO Innovation Fund, part of LAGO Asset Management, supports high-growth disruptor companies by delivering customized term loan credit facilities and equity co-investments to founders and investors. To learn more, visit LAGO Innovation Fund and follow on LinkedIn About Fortem TechnologiesFortem Technologies is the leader in airspace awareness, security, and defense for detecting and defeating dangerous drones. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article.