FORT Robotics Secures $20 Million in New Commitments

The funding supports company growth as it approaches a proposed merger with Newbury Street II Acquisition Corp.

Updated on Oct. 22, 2026 in Robotics

Bold flat-color editorial illustration of an industrial sensor unit, representing the precision of autonomous safety infrastructure. — FORT Robotics secured $20 million in new capital to scale its autonomous systems safety technology ahead of a proposed merger with Newbury Street II. AI Illustration. Upload story photo >

Live Poll

Would you consider investing in robotics companies during their expansion phase?

Philadelphia-based FORT Robotics has announced $20 million in new financing commitments, bolstering the company’s capital for its proposed business combination with Newbury Street II Acquisition Corp. The funding consists of a $10 million financing round and an additional $10 million equity PIPE commitment.

Why it matters

This capital injection provides the necessary runway for FORT Robotics to scale its safety and security technology as it prepares to transition into a publicly traded entity via its planned acquisition. The funding highlights the ongoing investor interest in robotics safety infrastructure.

FORT Robotics currently holds 25 patents and has deployed over 19,500 units to a customer base exceeding 600 users. These figures represent the company's growth since its founding in 2018.

The players

FORT Robotics

A Philadelphia-based company that designs safety and security systems for autonomous robots and industrial machines.

Tiger Global

An investment firm that led the $10 million financing round and committed to the common equity PIPE.

Newbury Street II Acquisition Corp.

A special purpose acquisition company slated to complete a business combination with FORT Robotics.

Mark Cuban Companies

An investment firm focused on technology and consumer sectors that participated in the $10 million financing round.

The details

FORT Robotics produces hardware and software focused on safety and security for autonomous systems. The company employs proprietary technology to manage the physical interaction and control of machines within industrial environments. The latest capital supports these technical operations as the company moves toward its proposed business combination with Newbury Street II Acquisition Corp.

2018: FORT Robotics was founded.
October 22, 2026: The company announced $20 million in new funding commitments.
Week of October 22, 2026: The $10 million financing round is expected to close.

The Tech Race

This move marks a departure from the 2021-2022 surge in special purpose acquisition company (SPAC) mergers that saw many autonomous technology firms go public. FORT Robotics is now positioning its safety-centric industrial stack to compete in an increasingly crowded robotics automation market.

The new funding secures the company's ability to maintain its 19,500 currently deployed robotic safety units. Industrial customers relying on these systems should expect continued service and development as the company proceeds toward its business combination.

The takeaway

Investors and industry observers should watch for the official closing of the business combination with Newbury Street II Acquisition Corp. The total commitment of $50 million provides a significant baseline for the company to expand its patent portfolio in the coming fiscal quarters.