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Private companiesTracked

Fortem Technologies

Lindon, Utah · Founded 2016

Fortem Technologies builds SkyDome, a counter-drone system of TrueView radars, command-and-control software and DroneHunter autonomous interceptor drones. It sells to military, government and commercial operators, and makes its systems in Lindon, Utah.

Profile

What it builds and who buys it

  • ·SkyDome combines TrueView radar sensors, AI-powered command-and-control software and DroneHunter autonomous interceptors in one layered system.Fortem Technologies (company release), Sep 30, 2026
  • ·DroneHunter is an AI-enabled autonomous drone that captures and removes rogue drones by day and by night.Fortem Technologies (company release), Mar 22, 2021
  • ·In August 2026 the Department of Homeland Security selected Fortem as a prime contractor on its five-year counter-drone IDIQ, the only small business among seven companies on Track 1, whose estimated starting ceiling is $1.011 billion across the contract vehicle.Fortem Technologies (company release), Aug 4, 2026
  • ·The company reported a multimillion-dollar Department of Homeland Security contract to protect 2026 FIFA World Cup venues and a U.S. Army contract to defend installations worldwide.Fortem Technologies (company release), Sep 30, 2026
  • ·A Lockheed Martin test in June 2026 used Fortem R-40 radars with its Sanctum counter-drone system to detect and track a Group 3 one-way attack drone.DroneLife, Sep 30, 2026
  • ·Lockheed Martin said its investment would let Fortem at least double manufacturing capacity at its Lindon, Utah facility.Lockheed Martin (company release), Apr 22, 2026
  • ·In October 2026 MBDA agreed to offer DroneHunter interceptors to its air-defense customers, and the two companies co-developed FireThorn, an autonomous interceptor carrying an MBDA warhead.Fortem Technologies (company release), Oct 12, 2026
  • ·LAGO Innovation Fund, a private credit fund, facilitated a $10 million investment in November 2024, of which Fortem said it had drawn $5 million.LAGO Innovation Fund (release, reposted by Fortem Technologies), Nov 13, 2024

Founders and leadership

  • Adam RobertsonCo-founder and chief technology officer

    Co-founded Fortem in 2016 after leading development of drone-based miniature radar for intelligence, surveillance and reconnaissance at a small business. He served in Utah’s House of Representatives from 2018 to 2023.Fortem Technologies

  • Jon GruenChief executive

    A Naval Academy graduate and Navy SEAL officer who commanded Navy reserve units, including Naval Special Warfare Group Eleven’s headquarters unit. He was a business development principal at Lockheed Martin.Fortem Technologies

Funding

Last valuation

No citable valuation

Last round or tender

$50Mraised

Series BFortem Technologies (company release), Sep 30, 2026

Led by Lockheed Martin, with Unusual Machines and other strategic and institutional investors. Lockheed Martin announced $25 million as the round’s initial tranche on April 22, 2026; the $50 million is the closed round. No valuation was stated.

Latest revenue figure

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Valuation to revenue

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Post-money valuation by round

Fewer than two dated figures on file to plot; the table carries what there is.

DateRoundRaisedPost-money
Sep 30, 2026Series BLed by Lockheed Martin, with Unusual Machines and other strategic and institutional investors. Lockheed Martin announced $25 million as the round’s initial tranche on April 22, 2026; the $50 million is the closed round. No valuation was stated.$50M—
Feb 20, 2023Funding roundLed by Lockheed Martin Ventures, Hanwha Aerospace and AIM13|Crumpton Venture Partners, with DCVC and Signia Venture Partners. No valuation was stated.$18M—
Mar 22, 2021Strategic investmentToshiba Infrastructure Systems & Solutions invested $15 million and formed a strategic business alliance with the company. No valuation was stated.$15M—
Mar 14, 2018Series ALed by DCVC (Data Collective), with Boeing, Mubadala Investment Company, Manifest Growth, New Ground Ventures and Signia Venture Partners. The Form D for an equity offering begun January 29, 2018 records $16.4 million sold to 7 investors of $17.2 million offered. No valuation was stated.$15M—
May 5, 2017Additional roundLed by Signia Venture Partners and Data Collective (DCVC). The company called it an additional round. No valuation was stated.$6M—

Primary capital across the rounds on file: $103M

Revenue

No citable revenue figure on file.

Secondary venues

  • Caplightpublic page seen Oct 15, 2026

    No price on the public page.

    No public MarketPrice. The page states that no recent secondary market data is available; historical pricing is behind a login.

  • Clarity (formerly Hiive)public page seen Oct 15, 2026

    No price on the public page.

    The page shows no figure; its Clarity Price, last match, bid and ask for Fortem Technologies are behind sign-up.

A venue is listed when its public page named the company on the date shown. A price is the figure that page showed, under the venue’s own name for it and dated as the venue dated it; it is a level the venue publishes, not a trade. Nothing is recorded from behind a login.

Reads

Tracked only. No read has been prepared for this company; the figures above are the record.

Sources

Researched Oct 15, 2026