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FORT Robotics Secures Additional $20 Million Investment Led by Tiger Global and Mark Cuban Companies

FORT Robotics, Inc., dedicated to developing a 'physical artificial intelligence trust layer' security platform, announced that existing investors have committed to an additional investment of approximately $20 million. Tiger Global led the financing with a commitment of about $10 million (with participation from Mark Cuban Companies), and this funding round is expected to close this week. Additionally, Tiger Global has committed to invest $10 million in the previously announced common stock PIPE (Private Investment in Public Equity); this PIPE is expected to be completed in conjunction with the proposed business combination between FORT and Newbury Street II Acquisition Corp (NASDAQ: NTWO). Including the previously announced PIPE commitments, the total committed capital related to FORT's proposed business combination has now exceeded $50 million.

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