Fortem bags $17.8M funding to meet counter-drone demand
Utah-based counter-drone specialist Fortem Technologies has landed $17.8 million in new funding to scale and meet the growing demands across multiple regions and market sectors in airspace safety and security. Key industry investors in the round include Lockheed Martin Ventures, Hanwha Aerospace, and AIM13|Crumpton Venture Partners. Existing investors DCVC and Signia Venture Partners have also contributed funds.
Fortem has been dominating news circles lately for its support in Ukraine, fighting suicide drones like the Shahed-136 and protecting venues of international importance, such as the FIFA World Cup games in Qatar. The company says it is seeing a continued uptick in market growth and demand for its unique airspace awareness, security, and defense technology, which includes an interceptor drone called DroneHunter. (Pictured above.)
Talking about the new funding round, Fortem CEO Jon Gruen is quick to point out that investments from industry-leading companies…