Forterra
This company is in the pipeline of America 2030, IPO CLUB’s short-term, actively managed secondary fund focused on U.S. defense, energy, security, and AI.
Updated in January 2026
Headquarter: Clarksburg, Maryland, USA
Year Founded: 2002
Leadership: Josh Araujo
Industry Sectors: Autonomous mission systems; defense & national security technology; autonomous ground vehicles and robotics; embedded autonomy & systems integration
Funding Round: $238M Series C (Nov 2025)
Valuation: $1B
Is Forterra A Public Company? No, it is privately held
What is Forterra?
Forterra is a U.S.-based defense technology company focused on developing autonomous ground systems for military and security applications. Founded in 2023 and headquartered in the United States, Forterra was created to address operational gaps in ground mobility, force protection, and logistics by applying modern autonomy and robotics to vehicles operating in complex, high-risk environments. The company positions itself as a builder of mission-ready autonomy designed specifically for defense use cases rather than commercial passenger mobility.
Technology & Products
Forterra develops autonomy software and robotic ground vehicle platforms intended to operate across off-road and contested terrain with minimal human intervention. Its technology emphasizes robust perception, navigation, and decision-making under uncertainty, enabling vehicles to perform tasks such as autonomous transport, resupply, and support missions in environments that are dangerous or impractical for human drivers. The company focuses on adapting autonomy to existing and future military vehicle platforms, prioritizing reliability, safety, and integration with defense command-and-control systems.
Market Opportunity
Forterra targets the growing market for autonomous ground vehicles (UGVs) driven by military demand for reduced personnel risk, increased operational tempo, and improved logistics efficiency. Modern conflicts and dispersed operations have highlighted the need for unmanned systems capable of moving supplies and equipment through contested areas. As defense organizations accelerate adoption of autonomy beyond air and maritime domains, Forterra aims to serve programs seeking scalable, software-driven solutions for ground autonomy.
Competitive Landscape
Forterra operates within the defense autonomy and robotic ground systems sector, competing with established defense contractors and emerging robotics startups. Its differentiation lies in a defense-first autonomy approach, focusing on ruggedized performance, mission adaptability, and deployment in unstructured environments rather than consumer or commercial driving applications. By concentrating on ground autonomy as a core capability, Forterra positions itself as a specialized provider in a segment that is gaining strategic importance within modern defense planning.
How To Buy Forterra Stock?
Forterra is currently a private company and is not publicly traded on major stock exchanges like the NASDAQ or NYSE. This means you can buy shares through a pre-IPO platform or brokerage like IPO CLUB.
Forterra autonomous mission planning interface
This company is in the pipeline of America 2030, IPO CLUB’s short-term, actively managed secondary fund focused on U.S. defense, energy, security, and AI.
Josh Araujo, CEO, and Scott Sanders, Chief Growth Officer of Forterra, share how their autonomous vehicle technology is shaping the future of defense and commercial industries.
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