Philadelphia-based The announcement of $13 million in funding by FORT Robotics. Prime Movers Lab was in charge of the funding. The mission of Prime Movers Lab is to improve billions of lives by investing in scientific businesses. Prologis Ventures, Quiet Capital, Lemnos Labs, Creative Ventures, Ahoy Capital, Compound, FundersClub, and Mark Cuban were among the additional investors.
With the additional funding, FORT intends to increase its employees and broaden its product offerings in important regions. Samuel Reeves, founder and CEO of FORT, said, “We’re pleased to join with our new investors to further put FORT at the forefront of this quickly evolving market. “A new industrial revolution in mobile automation is about to begin in the world.
We’ll be able to quickly scale the business with more funding and support in order to take advantage of the trend and opportunity convergence and make sure that robotic technologies are deployed securely across all industries.
When Mark Cuban joined FORT as an investor, he emphasised the importance of his financial support for the business because he thinks that in the age of automation, safeguarding those who work with and around robots will be essential. Technology firm FORT Robotics develops security and safety solutions for self-driving vehicles. In the last mile delivery, construction, agriculture, manufacturing, mining, warehousing, and transportation industries, the company has worked with dozens of Fortune 1,000 companies.