Tech Company Financing Transactions
Fortem Technologies Funding Round
Fortem Technologies, based in Pleasant Grove, scored $17.8 million from Lockheed Martin, AIM13 and DCVC.
Transaction Overview
Company Name
Announced On
2/21/2023
Transaction Type
Venture Equity
Amount
$17,800,000
Round
Undisclosed
Investors
Proceeds Purpose
The capital will help Fortem scale to meet growing demands across multiple regions and market sectors in airspace safety and security.
Company Information
Company Status
Private & Independent
Industry
Defense
Mailing Address
1064 S North County Blvd, 6th Fl
Pleasant Grove, UT 84062
US
Pleasant Grove, UT 84062
US
Phone
Website
Email Address
Overview
Fortem Technologies is the leader in airspace awareness, security, and defense for detecting and defeating dangerous drones. Through an advanced, end to end system of distributed radar, AI at the Edge, deep sensor integration, and autonomous drone capture, Fortem monitors and defends the world's venues, infrastructures, cities, and regions. The same system is accelerating the safety of the world's airspace for urban air mobility. Fortem products have been developed and tested over several years through US Department of Defense (DoD) applications and are now available for commercial use. Based in Pleasant Grove, Utah, the company is privately held and backed by Toshiba, Boeing, DCVC, Mubadala Investment Company, Signia Venture Partners and others.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jon Gruen
Chief Financial Officer
Greer Carper
Chief Operating Officer
Timothy Bean
Chief Technical Officer
Adam Robertson
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