FORT Robotics secures an additional investment of approximately 20 million USD, 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 dollars. Among them, Tiger Global led a financing round of about 10 million dollars (Mark Cuban Companies also participated), and this round of financing is expected to be completed this week.

In addition, Tiger Global has also committed to invest 10 million dollars in the previously announced common stock PIPE (Private Investment in Public Equity); this PIPE is expected to be completed concurrently with the proposed business combination of FORT and Newbury Street II Acquisition Corp (NASDAQ: NTWO). Including the previously announced PIPE commitments, as of today, the total committed capital related to the proposed business combination with FORT has exceeded 50 million dollars.