Mubadala Investment Company participates in $15M Series A investment round in US airspace awareness firm
Fortem Technologies, an innovator in airspace awareness and intelligence, announced closing $15 million Series A funding round led by DCVC (Data Collective) with key participation from Boeing, and Abu Dhabi-based Mubadala Investment Company, as well as Manifest Growth, New Ground Ventures and founding investor, Signia Venture Partners.
Fortem Technologies provides one of the world’s most compact, high-performance radar systems for detecting airborne objects, a safety capability for unmanned and manned aircraft. The Fortem TrueView radar system can be deployed on an aircraft to allow customers build intrinsically safe air taxis and helicopters, as well as unmanned aerial vehicles that can operate autonomously beyond visual line of sight (BVLOS).
When necessary, this intelligent airspace system can then dispatch security resources, including fleets of Fortem DroneHunter. DroneHunters are fully autonomous BVLOS hunter drones, guided by the long range onboard Fortem TrueView radar system -- fused with other sensors, to safely remove any drone from a no fly zone without risk to civilians.
“By cracking the difficult BVLOS challenge, we unlock emerging forms of flight, including everything from autonomous air taxis to lifesaving deliveries," said Timothy Bean, CEO of Fortem Technologies. "With the wonderful support from all our investors and the addition of Boeing and Mubadala, Fortem can scale more quickly to simultaneously improve airspace safety and secure critical infrastructure."
“Mubadala is excited to work with Fortem and its outstanding leadership team to help grow its business to new markets,” said Ibrahim Ajami, head of Mubadala Ventures. “We strongly believe the TrueView radar is essential to maintain a safe airspace for both the aircraft and the critical infrastructure on the ground."