Add as a preferred source on GoogleFORT Robotics Adds About $20M in Commitments as Tiger Global Leads About $10M Round
The commitments include a separate $10 million PIPE tied to FORT’s proposed business combination with Newbury Street II Acquisition Corp.
FORT Robotics, Inc. announced about $20 million in additional capital commitments from existing investors, including a roughly $10 million financing round led by Tiger Global with Mark Cuban Companies participating. The round was expected to close this week.
Tiger Global also committed $10 million to a common-stock private investment in public equity, or PIPE, expected to close alongside FORT’s proposed business combination with Newbury Street II Acquisition Corp. (Nasdaq: NTWO).
Including previously announced PIPE commitments, capital committed in connection with the proposed merger has exceeded $50 million. FORT is developing a safety platform for physical AI.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.