FORT Robotics to combine with Newbury Street II Acquisition Corp

Physical AI safety platform developer FORT Robotics, Inc. and Newbury Street II Acquisition Corp today announced a definitive business agreement to combine into a publicly-traded company.

Upon closing of the business combination, the combined company will be named FORT Robotics Holdings, Inc. The transaction values the combined company at a pro-forma enterprise value of $556.6 million (pre-money equity value of $500.0 million).

"Newbury Street II is proud to partner with FORT, a category-defining platform addressing one of the world's most complex infrastructure challenges. The robotics revolution is at an inflection point, and we believe FORT's universal layer of trust can accelerate widespread adoption. We look forward to supporting Samuel and the team as they advance FORT's horizontal platform for physical AI - as a public company, we believe FORT is well positioned to extend its leadership and create long-term shareholder value."

— Thomas Bushey, Newbury Street II CEO

FORT and Newbury Street II hosted an investor conference call to discuss the proposed transaction at 8:30 a.m. ET today. A replay of the call will be made available on FORT’s website and a transcript of the call will be filed with the Securities and Exchange Commission.

“Ensure robots cause no harm”

FORT Robotics was founded in 2018, providing safety systems across the robotics industry, trusted by more than 600 customers including Agility Robotics, Google DeepMind, Cobot, Zoox, RIVR, Carnegie Robotics, Textron, Forterra, Genie, Ocado, Oxa, DoorDash and many others.

The company grew out of founder and CEO Samuel Reeves's previous company Humanistic Robotics, which built robots to clear landmines.

“Physical AI will change the way we work in every industry, and this will be a game changer for workers, organizations and governments worldwide,” Reeves, said. “However, these new machines come with a completely new and different risk profile, and that must be addressed before autonomous systems can scale. FORT’s mission is to ‘ensure robots cause no harm’ and we are dedicated to pioneering and building a shared framework for trust that robot manufacturers, integrators, end users, regulators, insurers, governments and any other interested party can rely on. How we trust physical AI will be one of the defining questions of our time and answering it will be a key enabler that will move these next generation machines from isolated pilot programs to real, scalable adoption.”

Vendor-agnostic, IEC-certified platform

FORT’s Trust Layer serves as a foundational safety infrastructure for the next generation of physical AI, enabling autonomous machines from different manufacturers to operate safely alongside humans and within shared environments.

The platform, which is backed by 25 patents and has been certified to meet Safety Integrity Level 3 per IEC 61508, is intentionally machine-and application-agnostic, designed to serve as a universal layer of trust across mixed-machine workspaces.

In May 2026, FORT expanded its Trust Layer through the acquisition of Mapless AI, a full-stack, safety-first teleoperation company, adding remote human-in-the-loop control and onboard active safety to FORT’s existing platform.

Building on physical AI growth momentum

FORT’s 2025 revenue compounded at a 62% year-over-year growth rate, including 91% growth among its mature enterprise accounts (customers spending more than $100,000 annually with FORT) positioning it among the fastest-growing companies in the robotics safety category as the broader physical AI market scales.

The company is backed by investors including Tiger Global, Mark Cuban Companies, Prologis Ventures, and Five Eleven Partners.

“As physical AI moves into core industrial infrastructure, safety is paramount. FORT has built a critical, machine-agnostic trust layer that enables enterprise autonomy to scale safely. We are excited to support Samuel and the FORT team as they build on their momentum and enter this next chapter.”

— Griffin Schroeder, Partner at Tiger Global

Learn more about DHL Supply Chain

FORT’s leadership and board bring deep operating experience from across the robotics and industrial-automation landscape. The post-closing board of directors is expected to include Sally Miller, DHL Supply Chain Global CIO, Jennifer Vescio, former executive at Uber, Vijay Kumar, Dean of Engineering at the University of Pennsylvania, and Karl Iagnemma, CEO at Vecna Robotics.

FORT recently announced a strategic collaboration with NVIDIA as part of the Halos for Robotics ecosystem.