About Forma.ai
Forma.ai is a company based in Toronto (Canada) founded in 2016 by Nabeil Alazzam. It operates as a SaaS (Software-as-a-Service). Forma.ai has raised $55 million across 2 funding rounds from investors including ACME Capital, Crosslink Capital and Golden Ventures. The company has 31 employees as of April 04, 2024. Forma.ai has completed 1 acquisition, including SeaMonster. Forma.ai offers products and services including Forma Operator, Forma Architect, and Forma Prophet. Forma.ai operates in a competitive market with competitors including Xactly, Spiff, Varicent, Atrium and SetSail, among others.
- Headquarter Toronto, Canada
- Employees 31 as on 04 Apr, 2024
- Founders Nabeil Alazzam
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Forma.Ai
- Date of Incorporation 09 Nov, 2022
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$155.7 K (USD)0as on Mar 31, 2023
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Net Profit
$18.6 K (USD)0as on Mar 31, 2023
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EBITDA
$29.2 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$55 M (USD)
in 2 rounds
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Latest Funding Round
$45 M (USD), Series B
May 17, 2022
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Investors
ACME Capital
& 5 more
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Employee Count
31
as on Apr 04, 2024
- Investments & Acquisitions
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Products & Services of Forma.ai
Forma.ai offers a comprehensive portfolio of products and services, including Forma Operator, Forma Architect, and Forma Prophet.
Automated incentive compensation is provided for sales teams.
Sales territories and quotas are optimized using data.
Advanced analytics are used for sales planning strategies.
People of Forma.ai
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Funding Insights of Forma.ai
Forma.ai has successfully raised a total of $55M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $45 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Forma.ai
Forma.ai has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include ACME Capital, Crosslink Capital and Golden Ventures.
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Early-stage investments are directed toward disruptive technologies and innovations.
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Venture capital is invested in various sectors by Crosslink Capital.
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Seed-stage investments are directed toward North American startups.
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Investor details for Forma.ai
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Investments & Acquisitions by Forma.ai
Forma.ai has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SeaMonster.
Investment portfolio details for Forma.ai
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud based sales performance management platform
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Complete acquisition details for Forma.ai
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Financial Statements - Forma.ai
Detailed financials for Forma.ai
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Forma.Ai Comparisons
Peer comparison for Forma.ai
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Competitors of Forma.ai
Forma.ai operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Xactly, Spiff, Varicent, Atrium and SetSail, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Sales performance management software is provided for enterprises.
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A platform for saving and investing money is provided.
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Incentive compensation and sales performance solutions are provided for enterprises.
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Workforce analytics platform is offered for sales performance monitoring.
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SetSail is recognized as a provider of sales AI and data solutions.
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AI-powered loyalty, rewards, and employee engagement solutions are provided.
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Detailed competitors of Forma.ai
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Latest news on Forma.Ai
Complete news archive for Forma.ai
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Frequently Asked Questions about Forma.ai
Forma.ai was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Forma.ai is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Nabeil Alazzam is the current CEO of Forma.ai. They have also founded this company.
Forma.ai is a funded company, having raised a total of $55M across 2 funding rounds to date.
As of Apr 04, 2024, the latest employee count at Forma.ai is 31.
Annual revenue of Forma.ai is $155.7K as on Mar 31, 2023.
Forma.ai is established as a provider of AI-powered enterprise sales compensation software. Solutions are offered for sales performance management, including incentive compensation management, territory and quota planning, and sales planning advisory with advanced analytics. The platform is designed to unify sales data, optimize coverage, and drive representative motivation across various sectors. Integration with over 600 data sources is supported to create a comprehensive sales performance ecosystem for revenue leaders.
Forma.ai offers Forma Operator, Forma Architect, and Forma Prophet.
Forma.ai has made 1 acquisition, including SeaMonster.
Forma.ai has 6 investors. Key investors include ACME Capital, Crosslink Capital, Golden Ventures, Uncork Capital, and Xfund.