FORT Robotics, a company building a safety platform positioned as the "trust layer for physical AI," has secured approximately $20 million in additional investment from existing backers. Tiger Global led roughly $10 million of the new financing, with participation from Mark Cuban Companies; that tranche is expected to close this week.
Separately, Tiger Global committed another $10 million to a previously announced common stock PIPE tied to FORT's proposed business combination with Newbury Street II Acquisition Corp (Nasdaq: NTWO), which is set to close concurrently with the deal. With these commitments and earlier PIPE pledges, total capital earmarked for FORT's proposed public listing now exceeds $50 million.
Tiger Global, Mark Cuban Lead $20M Investment in Physical AI Safety Platform FORT Robotics
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
