Forterra is a high-growth autonomous defense technology company that is actively expanding the deployment of its self-driving systems for military and industrial customers. It focuses on equipping existing vehicles with its AutoDrive autonomy kit to operate in hazardous, off-road, and GPS-denied environments, allowing it to quickly deliver innovative, scalable solutions to customers like the U.S. Department of Defense.
Forterra has raised a $238 million Series C funding round, bringing the company’s valuation to $1 billion. The round was led by Moore Strategic Ventures, with participation from Salesforce Ventures, Franklin Templeton, Balyasny Asset Management, 645 Ventures, Hanwha Asset Management, 9Yards Capital, RTX Ventures, NightDragon, XYZ Venture Capital, Hedosophia, and Enlightenment Capital.
Forterra, headquartered in Clarksburg, Maryland, United States, was founded in 2002 by Alberto Lacaze and Karl Murphy. “This funding propels Forterra’s mission to be the connective tissue of modern operations,” said Josh Araujo, CEO of Forterra. “Our interoperable mission modules and autonomous stack are already enabling a new generation of platforms to move, sense and act without limits.”