Forterra

Forterra Raises $238 million in Series C

Forterra has successfully raised $238 million in a Series C at a $1 billion+ valuation led by Moore Strategic Ventures.

Company Overview

Forterra is a Defense Tech company headquartered in Clarksburg MD, founded in 2018 with 250+ employees.

Forterra delivers autonomous mission systems for defense from self-driving land systems to coordinated swarms of robotic systems. Recent contract wins include the first ground autonomy production contract with the DoD and a $114 million Prime contract to deploy autonomous breaching systems for the Army.

Fundraising Details

• Amount Raised: $238 million
• Round Type: Series C
• Valuation: $1 billion+ valuation
• Date: 2025-11-12
• Investors: Moore Strategic Ventures and Salesforce Ventures and Franklin Templeton and Balyasny Asset Management and 645 Ventures and Hanwha Asset Management

About Forterra

Forterra delivers autonomous mission systems for defense from self-driving land systems to coordinated swarms of robotic systems. Recent contract wins include the first ground autonomy production contract with the DoD and a $114 million Prime contract to deploy autonomous breaching systems for the Army. The company is positioned in the Defense Tech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Clarksburg MD
• Founded: 2018
• Team Size: 250+
• Industry: Defense Tech

What This Means

This funding round demonstrates strong investor confidence in Forterra's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Defense Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. Forterra's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching $1 billion+ valuation marks an important milestone for Forterra, positioning the company among notable players in the Defense Tech industry.

Looking Ahead

With this new capital, Forterra is well-positioned to execute on its growth strategy and continue building innovative solutions in the Defense Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2025-11-12. For more information about Forterra, visit their headquarters at Clarksburg MD.