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®.

Sep 10, 2024•11 months ago

Amount Raised

$75 Million

Round Type

series b

ClarksburgManufacturing

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.

Company Information

Company

Forterra

Location

Clarksburg, Maryland, 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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