Philadelphia-based FORT Robotics has announced that it has raised $13 million in funding. The funding was led by Prime Movers Lab. Prime Movers Lab invests in scientific startups with the aim of transforming billions of lives. Other investors included Prologis Ventures, Quiet Capital, Lemnos Labs, Creative Ventures, Ahoy Capital, Compound, FundersClub, and Mark Cuban.
FORT plans to use the fresh injection of funds to scale up its workforce and expand its product offerings in key markets. “We’re excited to partner with our new investors to help position FORT at the forefront of this rapidly evolving space,” said founder and CEO Samuel Reeves. “The world is on the cusp of a new industrial revolution in mobile automation. With added investment and support, we’ll be able to rapidly scale the company to capitalize on the convergence of trend and opportunity to ensure that robotic systems are safely deployed across all industries.”
Mark Cuban, who came on as an investor in FORT, said that his investment in the company was vital as he believes that protecting the people at work with and around robots will be crucial in the era of automation. FORT Robotics is a technology company creating safety-and-security solutions for autonomous machines. The company has served dozens of Fortune 1,000 companies across the industries of warehousing, construction, agriculture, manufacturing, mining, turf care, last-mile delivery, and transportation.