About Formation Data
Formation Data is a company based in Fremont (United States) founded in 2013.. Formation Data has raised $60.2 million across 4 funding rounds from investors including Dell Technologies, Square 1 Bank and VKRM. Formation Data offers products and services including Article Publishing and Digital Services Review. Formation Data operates in a competitive market with competitors including Nutanix, DataCore, Scality, Lightbits and Scale Computing, among others.
- Headquarter Fremont, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Formation Data Systems, 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
$60.2 M (USD)
in 4 rounds
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Latest Funding Round
$6 M (USD), Series B
Jul 11, 2016
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Investors
Dell Technologies
& 9 more
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Employee Count
Employee Count
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Products & Services of Formation Data
Formation Data offers a comprehensive portfolio of products and services, including Article Publishing and Digital Services Review. 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 sharing articles on lifestyle and technology topics
Service reviewing digital products and educational tools
Funding Insights of Formation Data
Formation Data has successfully raised a total of $60.2M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $6 million completed in July 2016. 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 4
- Last Round Series B — $6.0M
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First Round
First Round
(31 Jan 2014)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2016 | Amount | Series B - Formation Data | Valuation |
investors |
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| Sep, 2014 | Amount | Series A - Formation Data | Valuation | Pelion Venture Partners | |
| Jun, 2014 | Amount | Series A - Formation Data | Valuation |
investors |
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| 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 Formation Data
Formation Data has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Dell Technologies, Square 1 Bank and VKRM. 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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Early-stage life sciences and tech focused VC firm investing in geographies such as the US
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Founded Year | Domain | Location | |
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US focused early-stage VC firm
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Founded Year | Domain | Location | |
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Corporate-backed venture capital is focused on fintech and multiple 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 Formation Data
| 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 |
Financial Statements - Formation Data
| 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 |
Formation Data Comparisons
Competitors of Formation Data
Formation Data 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 Nutanix, DataCore, Scality, Lightbits and Scale Computing, 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 |
AI-powered cloud management software is delivered for enterprises.
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| domain | founded_year | HQ Location |
Software-defined storage and virtualization solutions are provided by DataCore.
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| domain | founded_year | HQ Location |
Cloud based platform offering software defined storage solutions for enterprises
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| domain | founded_year | HQ Location |
NVMe-based SSD software for cloud environments is provided.
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| domain | founded_year | HQ Location |
Hyper-converged infrastructure solutions for virtual machine environments are delivered.
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| domain | founded_year | HQ Location |
Hyperconverged infrastructure is supplied for virtualized data centers globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Formation Data
Frequently Asked Questions about Formation Data
When was Formation Data founded?
Formation Data was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Formation Data located?
Formation Data is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
Is Formation Data a funded company?
Formation Data is a funded company, having raised a total of $60.2M across 4 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Jan 31, 2014.
What does Formation Data do?
Formation Data Systems product Formation One is a complete solution based on the principles of software defined storage that unifies all of the enterprises storage systems by means of virtualisation. It enables users to move, migrate data as the need arises and in whole gives enterprise complete freedom to manage their IT infrastructure. Formation DS was among the eight businesses to watch out for in WallStreet report and also among 10 coolest startups of 2014.
Who are the top competitors of Formation Data?
Formation Data's top competitors include Nutanix, Scality and Scale Computing.
What products or services does Formation Data offer?
Formation Data offers Article Publishing and Digital Services Review.
Who are Formation Data's investors?
Formation Data has 10 investors. Key investors include Dell Technologies, Square 1 Bank, VKRM, Pelion Venture Partners, and Third Point Ventures.