Fortem Technologies

Fortem Technologies Overview

Founded 2016
Founded
Status Private
Employees 100
Employees
Latest Deal Type Series A1
Latest Deal Amount $14.5M
Latest Deal Amount
Investors 6

Fortem Technologies General Information

Description

Developer of an AI-enabled drone object-detection system for airspace security and safety. The company 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. It protects corridors, venues, infrastructure, borders and regions from the ground up, maximizing situational awareness and unlocking the potential of the airspace around us.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Aerospace and Defense
Primary Office
  • 2015 West Grove Pkwy
  • Suite H
  • Pleasant Grove, UT 84062
  • United States
+1 (385) 000-0000

Fortem Technologies Timeline

2017201820192020
Financing RoundCaptured Employee CountEstimated Employee Growth
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Fortem Technologies Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Early Stage VC (Series A1) 13-Jun-2019 $14.5M 000.00 000.00 Completed Generating Revenue
2. Early Stage VC (Series A) 29-Mar-2018 000.00 000.00 000.00 Completed Generating Revenue
1. Seed Round 06-May-2017 $5.5M $5.5M 000.00 Completed Generating Revenue

Fortem Technologies Cap Table

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Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series A-1 00,000,000 00.000000 00.0 00.00 00.00 00 00.00 00.000
Series A 00,000,000 00.000000 00.00 00.00 00.00 00 00.00 00.000
Seed 13,540,783 $0.000100 $0.03 $0.37 $0.37 1x $0.37 22.46%
Series FP 2,125,000 $0.000100 $0.1 $0.1 1x $0.1 3.52%

Fortem Technologies Competitors (1)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing
Amount
000000 000000 000 Private Equity-Backed Albuquerque, NM 00.000 000000000000 00.000

Fortem Technologies Executive Team (7)

Name Title Board Seat Contact Info
Timothy Bean Chief Executive Officer & Co-Founder
Adam Robertson Chief Technology Officer & Co-Founder
David Preece Chief Data Officer and Vice President of Product Management & Marketing
R. Dixon Speas Jr. Vice President of Operations
Bruce Carpenter Vice President of Business Development

2 Former Executives

Fortem Technologies Board Members (2)

Name Representing Role Since
Edward Cluss Jr. Signia Venture Partners Board Member 000 0000
Matthew Ocko Data Collective Board Member 000 0000

Fortem Technologies Investors (6)

To view Fortem Technologies‘s full investor history, request access »
Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Boeing HorizonX Corporate Venture Capital Minority 000 0000 000000 0
Manifest Investment Partners Venture Capital Minority 000 0000 000000 0
Mubadala Investment Company Sovereign Wealth Fund Minority 000 0000 000000 0
New Ground Ventures Venture Capital Minority 000 0000 000000 0
Data Collective Venture Capital Minority 000 0000 000000 0

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