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Forterra

Forterra

Private
Clarksburg, MarylandFrontier & Industrial Techhttps://www.forterra.com

Last Round

Series C

Nov 12, 2025

Est. Valuation

$1B

Total Funding Raised

$313M

Company Overview

Forterra, formerly known as Robotic Research, is a technology company that develops autonomous driving systems for both defense and commercial applications. Founded in 2002, the company specializes in providing vehicle-agnostic autonomy kits that can be integrated into a variety of vehicles, including military trucks, commercial buses, and logistics vehicles. Its full-stack autonomous platform, AutoDrive®, is designed to operate in complex, unstructured, and GPS-denied environments. The company serves U.S. Department of Defense customers and is expanding its presence in the commercial sector, focusing on off-road and industrial applications to enhance safety and operational efficiency.

Sector

Frontier & Industrial Tech

Verticals

Defense Tech, Industrial Robotics

Business Model

B2G

Customer Profile

Government Contracts, Hardware + Subscription, Services & Consulting

AI Layer

Infrastructure

Keywords

autonomy kitautonomous driving systemsdefense roboticsunmanned ground vehicleUGVGPS-denied navigationautonomy stackautonomous defenseoff-road autonomyvehicle-agnostic autonomydual-use technologyretrofit autonomyindustrial autonomyautonomous logisticsedge AIcommand and controlmesh networking

Historical Pricing

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Caplight Momentum Score

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Forterra Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Forterra Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series CNov 12, 2025
Series BSep 10, 2024
M&AMar 18, 2022
IPO AnnouncedOct 19, 2016
Buyout/LBOMar 13, 2015

Key People

Founding team and executive leadership

Josh Araujo

Chief Executive Officer

Executive Team

Joseph Putney

Chief Technology Officer

Executive Team

Colin Chisholm

Chief Operating Officer

Executive Team

Forterra Investors

Notable investors and investment history

InvestorRounds
NightDragonSeries C
Enlightenment CapitalSeries C, Series B
Balyasny Asset Management L.P.Series C
Crescent Cove AdvisorsSeries B
XYZ Venture CapitalSeries C, Series B
Salesforce VenturesSeries C
645 VenturesSeries C

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 30, 2026

    Launched MESA, a modular autonomous vehicle platform.

  • Apr 1, 2026

    Launched Vektor, a software-defined communications layer for low-bandwidth environments.

Forterra Filings

SEC and related filings with document metadata.

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Forterra Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Forterra's valuation, stock price, and market status.

Firmographic Details

HeadquartersClarksburg, Maryland
Employee Range486
Year Founded2002
Last FundingNov 12, 2025

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