For Soldiers, For Workers, For the Future - our $75M Series B will power continued development and production of self-driving systems for the military and heavy industry. As a mission first company, the support of our investors is paramount to enabling us to achieve our goals of safeguarding lives and driving efficiency through the use of our autonomous driving systems.
Led by Moore Strategic Ventures, XYZ Venture Capital and Hedosophia with participation from Standard Investments and existing investors including, Enlightenment Capital, Crescent Cove Advisors LP, and Four More Capital.
"Forterra has proven that self-driving technology can be deployed today to solve real-world challenges in demanding environments," said Josh Araujo Forterra CEO. "We are committed to improving the lives and safety of soldiers, Marines, and industrial workers, by taking people out of harm's way with AutoDrive. This funding allows us to further develop, test, and deploy self-driving platforms with ever-increasing capabilities for both defense and industrial applications."
Full Release: https://lnkd.in/gEAj83YA