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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
- 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.
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
People of Formant
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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.
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.
| 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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Investment in technology startups focusing on compute, AI, and related innovations.
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Venture capital firm backed by GS Group and focused on climate tech, and energy sectors
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Investor details for Formant
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Investments & Acquisitions by Formant
Formant has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Formation Robotics.
Investment portfolio details for Formant
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of cloud-based robotic solutions
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Locked | Locked | 2018 | Locked |
Complete acquisition details for Formant
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Financial Statements - Formant
Detailed financials for Formant
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Formant Comparisons
Peer comparison for Formant
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Imitation models are developed for teaching robotic arms articulation tasks.
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A platform for integrating data, AI, and automation is developed.
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AI-based robotics engine platform is developed for automation products.
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Simulation infrastructure is provided for safety-critical physical world AI development.
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AI-driven solutions for automated material handling in warehouses are provided.
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Detailed competitors of Formant
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Latest news on Formant
Complete news archive for Formant
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Frequently Asked Questions about Formant
Formant was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Formant is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Jeff Linnell is the current CEO of Formant. They have also founded this company.
Formant is a funded company, having raised a total of $45M across 3 funding rounds to date.
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.
Formant's top competitors include Covariant, Viam and Trace Machina.
Formant offers Data Platform, Workflows, and Real-time Monitoring.
Formant has made 1 acquisition, including Formation Robotics.
Formant has 11 investors. Key investors include Ericsson, Holman, BMW i Ventures, Intel Capital, and GS Futures.