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FORTEM TECHNOLOGIES
Fortem Technologies
Defense Technology ยท United States ยท Founded ยท 2013 ยท โ‰ˆ ยท 150 ยท employees

Fortem Technologies Funding โ€” Last Valued at $300.4M

Private

Fortem Technologies has raised $84.6M across 6 funding rounds. The company is valued at $300.4M.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Fortem Technologies funding ยท at a glance
Total raised, all rounds
$84.6M
sum of disclosed sizes
Funding rounds
6
priced rounds
Latest round
Apr 2026
Series B
Lead on that event
Lockheed Martin
lead investor
2026
About Fortem Technologies

Lockheed Martin invested $25 million in Fortem Technologies in April 2026 as the initial tranche of a Series B round, aiming to accelerate production and expand the company's role inside Lockheed's Sanctum counter-UAS ecosystem. The investment is meant to at least double manufacturing capacity at Fortem's Lindon, Utah facility.

Funding timeline

The Fortem Technologies funding timeline

6 funding rounds, the latest highlighted.

2013
Fortem Technologies founded

Fortem Technologies was founded in 2013, United States.

MAY 2017
Seed at $23.4M post-money

A primary round โ€” the company sells new shares to investors it selects. $5.1M raised, led by DCVC, Signia Venture Partners.

Valuation basispost-moneyAmount$5.1MPrice / shareโ€”LeadDCVC, Signia Venture Partners
MAR 2018
Series A

Boeing, Mubadala Investment Company, Manifest Growth, New Ground Ventures, Signia Venture Partners. $15M raised, led by DCVC.

Valuation basisโ€”Amount$15MPrice / shareโ€”LeadDCVC
JUN 2019
Series A

A primary round โ€” the company sells new shares to investors it selects. $14.5M raised.

Valuation basisโ€”Amount$14.5MPrice / shareโ€”Leadโ€”
MAR 2021
Series A

A primary round โ€” the company sells new shares to investors it selects. $15M raised, led by Toshiba.

Valuation basisโ€”Amount$15MPrice / shareโ€”LeadToshiba
NOV 2024
Series B

A primary round โ€” the company sells new shares to investors it selects. $10M raised.

Valuation basisโ€”Amount$10MPrice / shareโ€”Leadโ€”
APR 2026LATEST
Series B

A primary round โ€” the company sells new shares to investors it selects. $25M raised, led by Lockheed Martin.

Valuation basisโ€”Amount$25MPrice / shareโ€”LeadLockheed Martin
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Fortem Technologies funding rounds in full

6 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Series B LATEST
Apr 2026
$25M
โ€”
โ€”
Lockheed Martin
โ€”
Series B
Nov 2024
$10M
โ€”
โ€”
โ€”
โ€”
Series A
Mar 2021
$15M
โ€”
โ€”
Toshiba
โ€”
Series A
Jun 2019
$14.5M
โ€”
โ€”
โ€”
โ€”
Series A
Mar 2018
$15M
โ€”
โ€”
DCVC
Boeing, Mubadala Investment Company, Manifest Growth, New Ground Ventures, Signia Venture Partners
Seed
May 2017
$5.1M
$23.4Mpost-money
โ€”
DCVC, Signia Venture Partners
โ€”
Fortem Technologies ยท investors

Investors

Lockheed MartinLEADTToshibaLEADDCVCLEADSSignia Venture PartnersLEADAAlternative Investment ManagementCCrumpton VenturesHHanwha AerospaceKKyber Knight CapitalLLago Innovation Fund

Frequently asked questions

What is Fortem Technologies's valuation?โ€บ

The last valuation is $300.4M.

Who has invested in Fortem Technologies?โ€บ

Lead investors for each round are in the funding timeline.

Who are Fortem Technologies's competitors?โ€บ

The closest defense technology peers are on the competitors page.

How can I get exposure to Fortem Technologies?โ€บ

The routes section explains what is realistically available for a company at this stage.

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