What is Forterra?
Forterra is at the forefront of developing autonomous systems designed for ground-based operations within the working world. As an early innovator in driverless technology, the company's primary focus is on creating systems that enhance the safety of front-line soldiers and empower civilian workers across various industrial sectors. Forterra has established itself as a key provider of autonomous solutions for the U.S. Department of Defense, leveraging its expertise in autonomy for critical applications, including asymmetric warfare scenarios.
How much funding has Forterra raised?
Forterra has raised a total of $406.3M across 3 funding rounds:
Series B
$75M
Private Equity
$93.3M
Series C
$238M
Series B (2024): $75M with participation from Thomas & Moore Strategic Ventures, Hedosophia, and XYZ Venture Capital
Private Equity (2025): $93.3M, investors not publicly disclosed
Series C (2025): $238M supported by Salesforce Ventures, Balyasny Asset Management, Franklin Resources, and 645 Ventures
Key Investors in Forterra
Salesforce Ventures
Salesforce Ventures is dedicated to empowering enterprising founders to build innovative companies that transform the business landscape. Since its inception in 2009, it has invested over $6 billion in more than 630 startups, providing them with patient capital, mentorship, and access to a robust network of industry leaders.
Balyasny Asset Management
Balyasny Asset Management is a global investment firm focused on delivering consistent returns for institutional investors. The company uses deep research, advanced technology, and disciplined risk management to identify opportunities across financial markets.
Franklin Resources
Franklin Resources, Inc. [NYSE:BEN], one of the worlds largest investment managers, is better known as Franklin Templeton. Through our distinct specialist investment managers, we offer specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions.
What's next for Forterra?
With the recent influx of major strategic investment and substantial enterprise-level backing, Forterra is poised for accelerated growth and further innovation. This significant capital infusion is expected to fuel the expansion of its autonomous system development, enhance its market penetration within the defense sector, and potentially broaden its reach into new civilian industrial markets. The company's trajectory suggests a continued focus on refining its driverless technology and solidifying its position as a leader in autonomous ground-based solutions, likely preparing for further scaling and market leadership.
See full Forterra company page
