PiggyGPT

Private companiesCovered

Forterra

Clarksburg, MD · Founded 2002

Forterra develops the AutoDrive autonomy stack and related oversight and communications systems for self-driving military ground vehicles, sold to the Army and Marine Corps and integrated by BAE Systems, RTX and Oshkosh.

Funding

Last round or tender
Series C, Nov 12, 2025, $238M raisedBloomberg News (via Bloomberg Law), Nov 12, 2025Including $50 million of debt. The valuation was stated as more than $1 billion; the figure recorded is that floor.
Last valuation
$1.00B, reported Nov 12, 2025Bloomberg News (via Bloomberg Law), Nov 12, 2025

Secondary venues

A venue is listed when its public page named the company on the date shown. Nothing is recorded from behind a login, and no indicative price is shown anywhere on this site.

Reads

Acquisition: Watch

A cited tie to a plausible buyer: a strategic partner, an investor stake, a tender offer, a stated appetite. Nothing reported.

Prepared by PiggyGPT, as of Oct 6, 2026

Signals

  • Sep 30, 2025BAE Systems and Forterra agreed to prototype an autonomous Armored Multi-Purpose Vehicle using AutoDrive, BAE’s first external capability-kit partner.Breaking Defense, Sep 30, 2025
  • Oct 7, 2025RTX, Oshkosh and Forterra unveiled the DeepFires autonomous launcher built on an Oshkosh chassis with Forterra’s AutoDrive, with the Army’s Rapid Capabilities and Critical Technologies Office as initial customer.Tectonic Defense, Oct 7, 2025
  • Oct 9, 2025Forterra acquired the tactical mesh-networking company goTenna; terms were not disclosed.goTenna (press release), Oct 9, 2025
  • Nov 12, 2025Bloomberg reported a $238 million Series C including $50 million of debt at a valuation of more than $1 billion, led by Moore Strategic Ventures.Bloomberg News (via Bloomberg Law), Nov 12, 2025
  • Sep 9, 2026The Army selected Forterra as prime contractor for the Engineer Autonomous Breaching Capability program; the value was not disclosed.Forterra (company release), Sep 9, 2026

Named counterparties

  • BAE SystemsChose Forterra’s AutoDrive as its first external capability-kit partner for an autonomous vehicle prototype. No interest in a deal has been reported.Breaking Defense, Sep 30, 2025
  • RTXLeads the DeepFires autonomous launcher program that integrates Forterra’s AutoDrive.Tectonic Defense, Oct 7, 2025
  • Oshkosh DefenseSupplies the base vehicle for DeepFires, which runs Forterra’s AutoDrive.Tectonic Defense, Oct 7, 2025

Counterparties are named for a cited reason: a partnership, an investment, or a stated appetite. Naming is not a forecast.

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Sources

Researched Oct 6, 2026