FORT Robotics to Go Public Through Newbury Street II Deal

Aug 18, 2026
FORT Robotics plans to go public through a business combination with Newbury Street II Acquisition Corp. The deal values the combined company at $556.6 million and is expected to close in the fourth quarter of 2026.
FORT Robotics to Go Public Through Newbury Street II Deal

FORT Robotics and Newbury Street II Acquisition Corp have entered a definitive business combination agreement that would take FORT public, the companies announced in a press release.

After closing, the combined company will be named FORT Robotics Holdings, Inc. and is expected to list on Nasdaq under the ticker FROB, subject to regulatory approvals. The deal values the combined company at an enterprise value of $556.6 million, with a pre money equity value of $500 million.

FORT develops a safety platform for physical AI systems. Its Trust Layer is designed to help autonomous machines from different manufacturers operate around people and in shared spaces.

The company said the platform is backed by 25 patents and certified to Safety Integrity Level 3 under IEC 61508. The transaction is expected to close in the fourth quarter of 2026.

We hope you enjoyed this article

Consider subscribing to one of our newsletters like AI Funding Brief, Robotics Brief or Daily AI Brief.

Also, consider following us on social media:

AI Funding News AI & Robotics AI Brief AI Brief (X)
Free newsletter

AI Funding Brief

AI Token Webinar

Industry analysis

2025 Global Business Services Agenda: Gen AI Takes Center Stage

The Hackett Group

This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.

Read more

You may also like

Free, six days a week

Daily AI Brief: the AI news that matters, in your inbox.