About Formcept
Formcept is a company based in Bengaluru (India) founded in 2011 by Suresh Srinivasan and Anuj Kumar. Formcept has raised $1.15 million across 2 funding rounds from investors including Gujarat Venture Finance, IIMA Ventures and Suresh Srinivasan. The company has 7 employees as of April 06, 2024. Formcept offers products and services including MecBot and MecGPT.
- Headquarter Bengaluru, India
- Employees 7 as on 06 Apr, 2024
- Founders Suresh Srinivasan, Anuj Kumar
- Stage Minicorn
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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 Formcept Technologies & Solutions Private Limited
- Date of Incorporation 10 Oct, 2011
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$174.32 K (USD)-21.66as on Mar 31, 2023
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Net Profit
-$8.95 K (USD)-114.76as on Mar 31, 2023
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EBITDA
$53.03 K (USD)-55.67as on Mar 31, 2023
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Total Equity Funding
$1.15 M (USD)
in 2 rounds
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Latest Funding Round
$1.08 M (USD), Series A
Jun 22, 2017
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Investors
Gujarat Venture Finance
& 4 more
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Employee Count
7
as on Apr 06, 2024
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Products & Services of Formcept
Formcept offers a comprehensive portfolio of products and services, including MecBot and MecGPT.
Contextual data interpretation is offered for business users to analyze relationships and patterns.
Data relations are mapped and analyzed to draw conclusions from large datasets.
People of Formcept
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Funding Insights of Formcept
Formcept has successfully raised a total of $1.15M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.08 million completed in June 2017. 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 Formcept
Formcept has secured backing from 5 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Gujarat Venture Finance, IIMA Ventures and Suresh Srinivasan.
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Investor details for Formcept
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Investments & Acquisitions by Formcept
Investment portfolio details for Formcept
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Financial Statements - Formcept
Detailed financials for Formcept
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Formcept Comparisons
Peer comparison for Formcept
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Competitors of Formcept
Detailed competitors of Formcept
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Latest news on Formcept
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Frequently Asked Questions about Formcept
Formcept was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Formcept is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Suresh Srinivasan is the current CEO of Formcept. They have also founded this company.
Formcept is a funded company, having raised a total of $1.15M across 2 funding rounds to date.
As of Apr 06, 2024, the latest employee count at Formcept is 7.
Annual revenue of Formcept is $174.32K as on Mar 31, 2023.
Formcept was founded in 2011 and is based in Bengaluru, India. The company operates in the AI software sector, focusing on visual data analytics and decision support. A metaspace is provided for accessing and analyzing datasets, allowing insights to be extracted by teams. Natural language queries are supported for data interaction, alongside visualization tools to aid decision-making processes.
Formcept offers MecBot and MecGPT.
Formcept has 5 investors. Key investors include Gujarat Venture Finance, IIMA Ventures, Suresh Srinivasan, CIIE, and Anuj Kumar.
The valuation of Formcept is $4.1M as of Jun 2017.