Fortem Technologies Overview
- Year Founded
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2016
- Status
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Private
- Employees
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121
- Latest Deal Type
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Later Stage VC
- Latest Deal Amount
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$17.8M
- Investors
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13
Fortem Technologies General Information
Description
Developer of an artificial intelligence-enabled drone object-detection system designed to assist in airspace security and safety. The company's security system provides a solid foundation of networkable and configurable radar with powerful AI-driven software that makes deep integration with other security systems and sensors possible, enabling clients to protect corridors, venues, infrastructure, borders, and regions from the ground up, maximizing situational awareness and unlocking the potential of the surrounding airspace.
Contact Information
Website
www.fortemtech.comCorporate Office
- 1064 South North County Boulevard
- Pleasant Grove, UT 84062
- United States
Corporate Office
- 1064 South North County Boulevard
- Pleasant Grove, UT 84062
- United States
Fortem Technologies Timeline
Fortem Technologies Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
7. Later Stage VC | 21-Feb-2023 | $17.8M | Completed | Generating Revenue | ||
6. Later Stage VC | 23-Mar-2021 | Completed | Generating Revenue | |||
5. Debt - PPP | 15-Apr-2020 | Completed | Generating Revenue | |||
4. Early Stage VC (Series A1) | 13-Jun-2019 | Completed | Generating Revenue | |||
3. Grant | 20-Jun-2018 | Completed | Generating Revenue | |||
2. Early Stage VC (Series A) | 29-Mar-2018 | $16.4M | $21.9M | Completed | Generating Revenue | |
1. Seed Round | 06-May-2017 | $5.5M | $5.5M | Completed | Generating Revenue |
Fortem Technologies Cap Table
Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
---|---|---|---|---|---|---|---|---|
Series A-2 | ||||||||
Series A-1 | ||||||||
Series A | ||||||||
Seed | 13,540,783 | $0.000100 | $0.03 | $0.37 | $0.37 | 1x | $0.37 | 18.32% |
Series FP | 2,125,000 | $0.000100 | $0.1 | $0.1 | 1x | $0.1 | 2.88% |
Fortem Technologies Comparisons
Industry
Financing
Details
Fortem Technologies Competitors (8)
One of Fortem Technologies’s 8 competitors is Dedrone, a Formerly VC-backed company based in Sterling, VA.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
Dedrone | Formerly VC-backed | Sterling, VA | ||||
Skydio | Venture Capital-Backed | San Mateo, CA | ||||
Propeller (Business/Productivity Software) | Venture Capital-Backed | Surry Hills, Australia | ||||
Flyability | Venture Capital-Backed | Paudex, Switzerland | ||||
DreamHammer | Venture Capital-Backed | Dallas, TX |
Fortem Technologies Patents
Fortem Technologies Recent Patent Activity
Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
---|---|---|---|---|---|
US-11531084-B1 | System and method for managing heat dissipation in an antenna array | Active | 03-Apr-2020 | ||
US-11527825-B2 | System and method for a multi-channel antenna system | Active | 23-Jul-2019 | ||
US-20210028542-A1 | System and method for a multi-channel antenna system | Active | 23-Jul-2019 | ||
US-20230137080-A1 | System and method for a multi-channel antenna system | Active | 23-Jul-2019 | ||
US-12080954-B2 | System and method for a multi-channel antenna system | Active | 23-Jul-2019 | H01Q3/38 |
Fortem Technologies Signals
Fortem Technologies Investors (13)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
AIM13 CV Partners | Venture Capital | Minority | ||
Alternative Investment Management | Family Office | |||
Crumpton Ventures | Venture Capital | Minority | ||
Hanwha Aerospace Company | Corporation | |||
Lockheed Martin Ventures | Corporate Venture Capital |
Fortem Technologies FAQs
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When was Fortem Technologies founded?
Fortem Technologies was founded in 2016.
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Where is Fortem Technologies headquartered?
Fortem Technologies is headquartered in Pleasant Grove, UT.
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What is the size of Fortem Technologies?
Fortem Technologies has 121 total employees.
-
What industry is Fortem Technologies in?
Fortem Technologies’s primary industry is Aerospace and Defense.
-
Is Fortem Technologies a private or public company?
Fortem Technologies is a Private company.
-
What is Fortem Technologies’s current revenue?
The current revenue for Fortem Technologies is
. -
How much funding has Fortem Technologies raised over time?
Fortem Technologies has raised $69.2M.
-
Who are Fortem Technologies’s investors?
AIM13 CV Partners, Alternative Investment Management, Crumpton Ventures, Hanwha Aerospace Company, and Lockheed Martin Ventures are 5 of 13 investors who have invested in Fortem Technologies.
-
Who are Fortem Technologies’s competitors?
Dedrone, Skydio, Propeller (Business/Productivity Software), Flyability, and DreamHammer are some of the 8 competitors of Fortem Technologies.
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