Forterra raised $75 million in a Series B funding round led by Moore Strategic Ventures and XYZ Venture Capital to accelerate the deployment of their autonomous driving system, AutoDrive®.
PRIVATESep 10, 2024
Amount Raised
$75 Million
Round Type
Series B
ClarksburgOtherManufacturingDefense & Space
Investors
Four More CapitalCrescent Cove AdvisorsEnlightenment CapitalStandard InvestmentsHedosophiaXYZ Venture CapitalMoore Strategic Ventures
Description
Forterra, a leading self-driving technology company, announced its $75 million Series B fundraise that was more than 2.5x oversubscribed. The round was led by Moore Strategic Ventures, XYZ Venture Capital, and Hedosophia, with participation from existing investors.
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Company Information
Company
Forterra
Location
22521 Gateway Center Dr
Clarksburg, West Virginia, United States
About
Robotic Research Opco, LLC is doing business as Forterra. Forterra is a leading provider of autonomous systems for ground-based movement in the working world. The company is among the earliest innovators in the field of driverless technology, focused on building systems which protect front-line soldiers and enable civilian workers in our industrial base. Forterra is a go-to provider of autonomous solutions for the U.S. Department of Defense, which harnesses autonomy for asymmetric warfare in critical conditions.
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ClarksburgOtherManufacturingDefense & Space