About Formant
Formant is a company based in San Francisco (United States) founded in 2017 by Jeff Linnell.. Formant has raised $45 million across 3 funding rounds from investors including Ericsson, Holman and BMW i Ventures. Formant has completed 1 acquisition, including Formation Robotics. Formant offers products and services including Data Platform, Workflows, and Real-time Monitoring. Formant operates in a competitive market with competitors including Covariant, Viam, MOV.AI, Trace Machina and Dime Research, among others.
- Headquarter San Francisco, United States
- Founders Jeff Linnell
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Sectors
Industrial Goods & Manufacturing
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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 Formant Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45 M (USD)
in 3 rounds
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Latest Funding Round
$21 M (USD), Series B
Oct 11, 2023
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Investors
Ericsson
& 10 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Formant
Formant offers a comprehensive portfolio of products and services, including Data Platform, Workflows, and Real-time Monitoring. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for real-time data ingestion and analytics in automation
Low-code tools for building and integrating automation processes
System for fleet monitoring and incident management in robotics
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Leadership Team
3 people
Finance and Accounting
1 people
Principal Team
1 people
Founder Team
1 people
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Funding Insights of Formant
Formant has successfully raised a total of $45M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $21 million completed in October 2023. 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $21.0M
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First Round
First Round
(18 Dec 2018)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series B - Formant | Valuation | BMW i Ventures | |
| Jan, 2022 | Amount | Series A - Formant | Valuation | SignalFire | |
| Dec, 2018 | Amount | Seed - Formant | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Formant
Formant has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Ericsson, Holman and BMW i Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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BMW i Ventures is focused on investing in automotive technology startups.
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Founded Year | Domain | Location | |
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Investment in technology startups focusing on compute, AI, and related innovations.
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Founded Year | Domain | Location | |
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Venture capital firm backed by GS Group and focused on climate tech, and energy sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Formant
Formant has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Formation Robotics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of cloud-based robotic solutions
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Formant
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Formant Comparisons
Competitors of Formant
Formant 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 Covariant, Viam, MOV.AI, Trace Machina and Dime Research, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Imitation models are developed for teaching robotic arms articulation tasks.
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| domain | founded_year | HQ Location |
A platform for integrating data, AI, and automation is developed.
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| domain | founded_year | HQ Location |
AI-based robotics engine platform is developed for automation products.
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| domain | founded_year | HQ Location |
Simulation infrastructure is provided for safety-critical physical world AI development.
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| domain | founded_year | HQ Location |
AI-driven solutions for automated material handling in warehouses are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Formant
Frequently Asked Questions about Formant
When was Formant founded?
Formant was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Formant located?
Formant is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Formant?
Jeff Linnell is the current CEO of Formant. They have also founded this company.
Is Formant a funded company?
Formant is a funded company, having raised a total of $45M across 3 funding rounds to date. The company's 1st funding round was a Seed of $6M, raised on Dec 18, 2018.
What does Formant do?
Formant was founded in 2017 and is headquartered in San Francisco, United States. Cloud-based platforms are provided by the company for managing robot fleets within the robotics sector. Services include proactive monitoring, data storage from sensors, business insights, collaboration tools, and orchestration for scalability. A dashboard enables deployment and runtime improvements, with fleet-wide visibility from individual robots. Operations are supported through a subscription-based model.
Who are the top competitors of Formant?
Formant's top competitors include Covariant, Viam and Trace Machina.
What products or services does Formant offer?
Formant offers Data Platform, Workflows, and Real-time Monitoring.
How many acquisitions has Formant made?
Formant has made 1 acquisition, including Formation Robotics.
Who are Formant's investors?
Formant has 11 investors. Key investors include Ericsson, Holman, BMW i Ventures, Intel Capital, and GS Futures.
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