Daily News | ‘The future of an automated society’: Fort Robotics raises $25 million from Prologis, Tiger Global and others
, it’s a big problem, but when automated machinery is hacked that also creates safety risk in the physical world,” he said. Fort designs secure communications systems “to keep humans in the loop, no matter what the machine decides to do.”
Clients have built Fort defenses into their communications and control systems, the company says. “Fort’s platform is already being utilized by some of the biggest names in automation,” Griffin Schroeder, the Tiger partner backing the deal, said in a statement. Besides Tiger and Prologis, Fort’s investors in the new round also include Silicon Valley-based Lemnos, Creative Ventures, and Funders Club; Brazil-based GRIDS Capital; and Compound, of New York. Sineesh Keshav, chief technology officer of Prologis, is joining Fort’s board as part of the deal. In a statement, Keshav called Fort an “innovative and game-changing company” that is “extending cybersecurity boundaries” among machines.
Will Prologis or Amazon eventually seek to acquire a company providing what Fort builds? Reeves said he expects to build the company into many other markets besides warehouse automation: “This is a giant, blue-ocean opportunity,” he told me. “We are focused on equipment manufacturers. But we are going to be expanding to the end user of the machines — the farmer, the factory owner — so they can monitor the safety and security of all their machines from one pane of glass.
He added, “We are in the middle of an industrial revolution. Safety and security is a critical component of that revolution, that no one owns yet. I think it’s a $30 billion a year market. We could be a public company,” based in Philadelphia, which Reeves has called
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Juvenile shot at apartment park in Fort Worth, police sayPolice are investigating after they say a juvenile male was shot and injured at an apartment park in Fort Worth Tuesday morning.
Baca lebih lajut »
Entertainment center adds to locations with new site south of Fort WorthAlley Cats entertainment center has purchased an 8.4-acre site south of Fort Worth at the northwest corner of John Jones Drive and Alsbury Boulevard in...
Baca lebih lajut »
San Antonio economic development group launches fund to entice more nonstop flights to the airportLocal executives and politicians have long groused about a lack of nonstop flights from San Antonio International Airport, calling it a roadblock to companies’ expansion and relocation here.
Baca lebih lajut »
Animoca Brands raises $75 million at pre-money valuation of $5.9 billionThe raise is the second part of a funding round which brought in $358.88 million.
Baca lebih lajut »
'Thor: Love and Thunder' scores franchise best debutFour movies in, Thor is still bringing the hammer down at the box office.
Baca lebih lajut »