Philadelphia Robotics Firm Secures $20 Million Funding

The company expects to close its new financing round this week to support its ongoing expansion efforts.

Updated on Oct. 22, 2026 in Robotics

Philadelphia Robotics Firm Secures $20 Million Funding

Live Poll

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

Philadelphia-based FORT Robotics has secured $20 million in new investor commitments led by Tiger Global. The fresh capital aims to fuel the company's next phase of growth as it pursues a business combination with Newbury Street II Acquisition Corp.

Why it matters

This infusion of capital supports the development and deployment of the company's robotics technology. The funding is part of a broader $50 million commitment tied to its planned business merger.

Founded in 2018, the company holds 25 patents and has successfully deployed more than 19,500 units. It currently serves a global base of over 600 customers.

The players

FORT Robotics

This Philadelphia-based technology firm develops safety and control systems for autonomous and remotely operated robotic systems.

Tiger Global

An investment firm that manages public and private equity, focusing on the technology, internet, and consumer sectors.

Mark Cuban Companies

The investment vehicle for entrepreneur Mark Cuban, which supports various startups and businesses across multiple industries.

Newbury Street II Acquisition Corp.

A special purpose acquisition company established to facilitate business combinations and bring private companies to public markets.

The details

The $10 million financing round, which included participation from Mark Cuban Companies, is expected to close this week. Additionally, Tiger Global has committed $10 million to a common equity PIPE to be finalized alongside the company's merger.

The company was founded in 2018.
The $20 million funding announcement occurred on October 22, 2026.
The $10 million financing round is expected to close during the week of October 22, 2026.

The Tech Race

The investment underscores the ongoing arms race to establish standardized safety frameworks for autonomous and semi-autonomous machinery. This positions the company to compete against legacy industrial automation providers by offering specialized control systems.

For users and developers, this funding ensures the continued availability and support of safety systems that facilitate the integration of robots into industrial workflows. It signals a move toward more reliable and standardized robotic operations in logistics and manufacturing.

The takeaway

Securing significant capital in a competitive tech landscape demonstrates strong investor confidence in the company's patented safety technology. Business leaders looking to automate operations should monitor these developments as safety standards become critical for operational scaling.