Formant Overview
- Year Founded
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2017
- Status
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Private
- Employees
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49
- Latest Deal Type
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Series A
- Latest Deal Amount
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$21M
- Investors
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14
Formant General Information
Description
Devloper of a robotic data platform designed to offer monitoring and operations infrastructure for anyone who works with robots. The company's platform is built on a secure and scalable cloud stack that can integrate robotic applications and existing tools as well as helps to operate, observe, and analyze robots from anywhere, providing robotics companies with a cloud infrastructure to aid in robotic automation and helping them easily deploy, scale, and manage their fleets.
Contact Information
Website
www.formant.ioCorporate Office
- 203 Flamingo Road
- Suite 347
- Mill Valley, CA 94941
- United States
Corporate Office
- 203 Flamingo Road
- Suite 347
- Mill Valley, CA 94941
- United States
Formant Timeline
Formant Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 4. Later Stage VC (Series A) | 11-Oct-2023 | $21M | Completed | Generating Revenue | ||
| 3. Later Stage VC (Series A) | 04-Jan-2022 | Completed | Generating Revenue | |||
| 2. Debt - PPP | 28-Apr-2020 | $6M | Completed | Generating Revenue | ||
| 1. Early Stage VC (Series A) | 18-Dec-2018 | $6M | $6M | Completed | Generating Revenue |
Formant Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series A-2 | ||||||||
| Series A-1 | ||||||||
| Seed-2 | 26,481,472 | $0.000100 | 8% | $0.65 | $0.65 | 1x | $0.65 | 30.37% |
| Seed-1 | 4,444,444 | $0.000100 | 8% | $0.9 | $0.9 | 1x | $0.9 | 5.1% |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
Formant Comparisons
Industry
Financing
Details
Formant Competitors (70)
One of Formant’s 70 competitors is Brain (Business/Productivity Software), a Venture Capital-Backed company based in San Diego, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Brain (Business/Productivity Software) | Venture Capital-Backed | San Diego, CA | ||||
| Rapyuta Robotics | Venture Capital-Backed | Tokyo, Japan | ||||
| Astronomer | Venture Capital-Backed | Cincinnati, OH | ||||
| Universal Robots | Formerly VC-backed | Odense, Denmark | ||||
| Propeller (Business/Productivity Software) | Venture Capital-Backed | Surry Hills, Australia |
Formant Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Formant Investors (14)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| BMW i Ventures | Corporate Venture Capital | Minority | ||
| Ericsson Ventures | Corporate Venture Capital | Minority | ||
| GS Futures | Corporate Venture Capital | Minority | ||
| Intel Capital | Corporate Venture Capital | Minority | ||
| Bin Zhou | Angel (individual) | Minority |
Formant Acquisitions (1)
Formant’s most recent deal was a Merger/Acquisition with Formation (Robot Teleoperation). The deal was made on 13-Aug-2019.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Formation (Robot Teleoperation) | 13-Aug-2019 | Merger/Acquisition | Business/Productivity Software |
Formant FAQs
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When was Formant founded?
Formant was founded in 2017.
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Where is Formant headquartered?
Formant is headquartered in Mill Valley, CA.
-
What is the size of Formant?
Formant has 49 total employees.
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What industry is Formant in?
Formant’s primary industry is Business/Productivity Software.
-
Is Formant a private or public company?
Formant is a Private company.
-
What is the current valuation of Formant?
The current valuation of Formant is .
-
What is Formant’s current revenue?
The current revenue for Formant is .
-
How much funding has Formant raised over time?
Formant has raised $45M.
-
Who are Formant’s investors?
BMW i Ventures, Ericsson Ventures, GS Futures, Intel Capital, and Bin Zhou are 5 of 14 investors who have invested in Formant.
-
Who are Formant’s competitors?
Brain (Business/Productivity Software), Rapyuta Robotics, Astronomer, Universal Robots, and Propeller (Business/Productivity Software) are some of the 70 competitors of Formant.
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