News & Events zu Newbury Street II Acquisition Corp (NTWO)NTWONewbury Street II Acquisition Corp

FORT Robotics Secures $20M in New Commitments

FORT Robotics announced approximately $20M in new commitments from existing investors, expanding the capital available to support FORT's next phase of growth. Tiger Global is leading an approximately $10M financing, with participation from Mark Cuban Companies, that is expected to close this week. Tiger Global also has committed an additional $10M to the previously announced common equity PIPE expected to close in connection with the closing of FORT's proposed business combination with Newbury Street II Acquisition Corp. Together with previously announced PIPE commitments, today's announcement brings the total committed capital to date in connection with FORT's proposed business combination to more than $50M. The additional investment is expected to help FORT further accelerate its growth by expanding its team and operating capacity to meet growing customer demand and pursue opportunities across the rapidly developing physical AI market. FORT intends to use the additional capital to support new and expanding customer opportunities across warehousing, defense, construction, and other markets adopting increasingly autonomous systems.