FORT Robotics to go public via SPAC merger
TL;DR. FORT Robotics will merge with Newbury Street II Acquisition Corp. to list on Nasdaq. - The company aims to accelerate development of its safety software for physical AI. - FORT Robotics' 'Trust Layer' platform ensures safe operation of robots around humans. - The platform is backed by 25 patents and certified to Safety Integrity Level 3.
- FORT Robotics is merging with Newbury Street II Acquisition Corp., a SPAC, to go public on Nasdaq.
- The company, founded in 2018, aims to accelerate its safety software development for autonomous robots.
- Its 'Trust Layer' platform enables different manufacturers' robotic systems to operate safely with humans.
- The platform holds 25 patents and is certified to IEC 61508 Safety Integrity Level 3.
- CEO Samuel Reeves emphasizes the mission to build trust for physical AI, enabling wider adoption.
Sources
- FORT Robotics to take safety stack public via SPAC merger — therobotreport.com