About Fortem Technologies
Fortem Technologies is a company based in Provo (United States) founded in 2016.. Fortem Technologies has raised $69.13 million across 5 funding rounds from investors including Lockheed Martin, Boeing and Mubadala. Fortem Technologies operates in a competitive market with competitors including Zen Technologies, Epirus, Dedrone, D-Fend Solutions and DroneShield, among others.
- Headquarter Provo, United States
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Sectors
Aerospace, Defense & Maritime
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$69.13 M (USD)
in 5 rounds
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Latest Funding Round
$17.8 M (USD), Series B
Feb 21, 2023
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Investors
Lockheed Martin
& 9 more
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Employee Count
Employee Count
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Funding Insights of Fortem Technologies
Fortem Technologies has successfully raised a total of $69.13M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $17.8 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $17.8M
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First Round
First Round
(06 May 2017)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Series B - Fortem Technologies | Valuation | Lockheed Martin , Hanwha Aerospace | |
| Mar, 2021 | Amount | Series A - Fortem Technologies | Valuation | Toshiba Corporation |
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| Jun, 2019 | Amount | Series A - Fortem Technologies | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fortem Technologies
Fortem Technologies has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Lockheed Martin, Boeing and Mubadala. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment management services are provided across multiple asset classes.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early stage VC firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fortem Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fortem Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fortem Technologies Comparisons
Competitors of Fortem Technologies
Fortem Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zen Technologies, Epirus, Dedrone, D-Fend Solutions and DroneShield, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Live and virtual training simulations for defense are provided.
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| domain | founded_year | HQ Location |
Developer of high-power microwave systems for electronic warfare and air defense
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| domain | founded_year | HQ Location |
AI-based smart airspace security solutions are provided by Dedrone.
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| domain | founded_year | HQ Location |
Autonomous counter-drone systems are developed for perimeter security.
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| domain | founded_year | HQ Location |
AI-powered counter-drone systems are provided for unauthorized drone detection.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fortem Technologies
Frequently Asked Questions about Fortem Technologies
When was Fortem Technologies founded?
Fortem Technologies was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Fortem Technologies located?
Fortem Technologies is headquartered in Provo, United States. It is registered at Provo, Utah, United States.
Is Fortem Technologies a funded company?
Fortem Technologies is a funded company, having raised a total of $69.13M across 5 funding rounds to date. The company's 1st funding round was a Series A of $14.46M, raised on May 06, 2017.
What does Fortem Technologies do?
Fortem Technologies was founded in 2016 in Provo, United States, within the aerospace and defense sector. Counter-UAS systems and onboard radars for unmanned aerial vehicles are developed and provided. AI is integrated into the counter-UAS platform to detect and neutralize aerial threats at a distance, minimizing collateral impact. The radar systems enable 3D target detection with edge-based AI processing for real-time operations.
Who are the top competitors of Fortem Technologies?
Fortem Technologies's top competitors include Zen Technologies, Epirus and Big Bang Boom Solutions.
Who are Fortem Technologies's investors?
Fortem Technologies has 10 investors. Key investors include Lockheed Martin, Boeing, Mubadala, Toshiba Global, and Hanwha Aerospace.
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