Fortify Secures $12.5 Million In Funding From Investors, Including Lockheed Martin Ventures & Rtx Ventures, To Accelerate Growth In Advanced Materials & Additive Manufacturing
Jun 05, 2023•over 2 years ago
Amount Raised
$12.5 Million
Investors
Rtx VenturesLockheed Martin Ventures
Description
BOSTON, MA / June 1, 2023 / Fortify, a leading full-stack materials science and additive manufacturing company, announced today that it has raised $12.5 million in a funding round from investors, including Lockheed Martin Ventures and RTX Ventures, the venture capital arms of Lockheed Martin and Raytheon Technologies, respectively. This strategic investment will enable Fortify to expand its capabilities and accelerate the development of its groundbreaking Digital Composite Manufacturing (DCM) platform.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
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