Loading
Forterra, a self-driving technology company based in Clarksburg, MD, raised $75 million in a Series B funding round. The round was led by Moore Strategic Ventures, XYZ Venture Capital, and Hedosophia, with participation from Standard Investments, Enlightenment Capital, Crescent Cove Advisors, and Four More Capital.
Forterra develops autonomous driving systems, known as AutoDrive®, for defense and industrial applications. The company plans to use the new funding to accelerate and scale the deployment of its autonomous driving system with customers in these sectors, aiming to improve safety and efficiency.
Funding Round: Series B
Amount Raised: $75M
Valuation: Unknown
Lead Investor: Moore Strategic Ventures, XYZ Venture Capital, Hedosophia Venture Capital
Other Funds that Invested: Standard Investments, Crescent Cove Advisors, Enlightenment Capital, Four More Capital
Company Industry: Building Materials
Company Headquarters: Houston, Texas, United States
Join thousands of founders using our technology to find the right investors and close rounds faster than ever before.