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Autonomous Military Vehicle Startup Notches Over $1 Billion Valuation in New Deal

Forterra, a startup that makes autonomous technology for vehicles on the battlefield, has raised $238 million in a new funding round that lifts its valuation to more than $1 billion. The company’s vehicles are capable of operating individually or as a group, or “swarm,” conducting surveillance and carrying items including missiles and computing hardware to support AI technology. The new cash infusion, $50 million of which is debt, was led by Moore Strategic Ventures. The company will use the mon...

Read more at bloomberg.com

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