About ForMotiv
ForMotiv is a Technology company based in Philadelphia (United States) founded in 2017. AI-based behavioral analytics and predictive intelligence solutions. It operates in the Technology, Industrial Goods & Manufacturing, and Financial Services sectors. ForMotiv has raised $11.6 million across 5 funding rounds from investors including Plug and Play Tech Center, Vestigo Ventures and Dreamit. ForMotiv offers products and services including Behavioral Data Platform, Fraud Detection Tools, and Underwriting Solutions. Its focus areas include Enterprise Applications, GRC Software, Risk Management and High Tech. Its competitors include Sedgwick, Riskified and Coalfire; 3 of its 3 listed competitors have raised funding.
Company details
ForMotiv was founded in 2017 and is headquartered in Philadelphia, United States. AI-based behavioral analytics and predictive intelligence solutions are developed to manage online business interactions, collect behavioral data, and derive actionable insights through analysis. Team body language is interpreted, digital behavioral patterns are examined, and predictive models are constructed. Solutions are tailored for the banking, insurance, and telecom sectors.
- Headquarters Philadelphia, United States
- SectorsTechnologyIndustrial Goods & Manufacturing Financial Services
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website formotiv.com
- Social LinkedIn X Facebook
- Total Equity Funding$11.6M (USD)
in 5 rounds
- Latest Funding Round$2M (USD), Seed
Jun 2023
- InvestorsPlug and Play Tech Center
& 2 more
Products & Services of ForMotiv
ForMotiv offers a comprehensive portfolio of products and services, including Behavioral Data Platform, Fraud Detection Tools, and Underwriting Solutions.
Real-time platform for detecting insurance fraud and risks.
Tools to identify misrepresentation in insurance applications.
Software for assessing early claims and applicant intent.
Funding Insights of ForMotiv
ForMotiv has successfully raised a total of $11.6M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in June 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 $11.6M
- Total Rounds 5
- Last Round Seed — $2M
- First Round $650,000
(Jul 2018)
- Investors Count 3
All 5 funding rounds of ForMotiv with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2023 | $2M | Seed | – | – | – |
| Apr 2023 | $1.95M | Seed | – | – | – |
| Sep 2021 | $6M | Seed | – | Vestigo Ventures | |
| Jan 2021 | $1M | Seed | – | Dreamit | – |
| Jul 2018 | $650,000 | Seed | – | – | – |
3 investors in total: 3 institutional.
Investors in ForMotiv
ForMotiv has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Plug and Play Tech Center, Vestigo Ventures and Dreamit.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Vestigo Ventures is focused on investing in AI and FinTech startups. | vestigoventures.com | Kendall Square, United States | ||
Startups are accelerated and invested in across multiple tech sectors. | 2006 | plugandplaytechcenter.com | Sunnyvale, United States | |
Startup accelerator | dreamit.com | New York, United States |
Investor details for ForMotiv
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of ForMotiv
18 people are tracked at ForMotiv (10 in leadership, 8 in team).
| Name | Role | Group |
|---|---|---|
Bill Conners | CEO | Leadership |
Sean Parenti | Chief Data Officer | Leadership |
Bill Hazard | Chief Technology Officer | Leadership |
Jamie Gallagher | Director Of Customer Success | Leadership |
John Loftus | COO | Leadership |
Joe Matusik | Head Of Techops | Leadership |
Mike Mayock | Co-founder Chief Customer Officer | Leadership |
Matthew Christensen | Head Of Engineering | Leadership |
Woody Klemmer | Head of Growth | Leadership |
Meg LeDonne | VP of Product | Leadership |
Binggang Liu | Senior Data Engineer | Team |
Angel Todorov | Software Engineer | Team |
Ryan Wasson | Senior Software Engineer | Team |
Jeff Hickam | Enterprise Account Executive | Team |
Jeffrey St. Amour | Account Executive | Team |
Ben Mueller | Senior Software Engineer | Team |
Alan Potter | Senior Software Engineer | Team |
Anna Chapman | Senior Account Manager | Team |
Complete people profiles for ForMotiv
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of ForMotiv
3 dated milestones of ForMotiv across 6 years, from founding to its latest funding, stage changes and deals.
- Founded ForMotiv is founded.
- Funding First funding round of $650K.
- Funding Latest funding round, Seed, of $2.0M.
Competitors of ForMotiv
ForMotiv has 3 listed competitors in our database, 3 of them funded. They include Sedgwick, Riskified and Coalfire.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sedgwick.com | 1969 | Memphis, United States | $2.63M | 25,842 | Claims administration, loss adjusting, and benefits management services are provided. | |
| riskified.com | 2013 | New York, United States | $232.02M | 781 | AI-based fraud prevention for e-commerce payments is provided. | |
| coalfire.com | 2001 | Westminster, United States | $12.9M | 927 | IT security governance, risk, and compliance solutions are provided. |
Detailed competitors of ForMotiv
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of ForMotiv
The website of ForMotiv (formotiv.com) receives about 1.9K visits a month and ranks #6,730,009 among all websites worldwide, #10,144 in Insurance.
- Monthly visits1.9K
▼ 16.9% vs previous month
- Global rank#6,730,009
among all websites
- Category rank#10,144
Finance · Insurance
- Bounce rate38%
- Pages per visit1.8
- Average visit34 sec
- DevicesDesktop 30% · Mobile 70%
Websites whose visitors overlap most with ForMotiv. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| covergo.com | 100% | 14.9K | #1,441,116 | View details | |
| verisk.com | 78% | 944.8K | #68,941 | View details | |
| celent.com | 47% | 35.4K | #917,486 | View details | |
| friss.com | 47% | 7.5K | #2,878,540 | View details |
Top companies in AI Core Platforms & Infrastructure
3 companies that operate in the same segment as ForMotiv (AI Core Platforms & Infrastructure) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
OpenAI is engaged in developing advanced artificial intelligence technologies. | 2015 | San Francisco, California, United States | USD 180.07 B | 11,115 | ||
AI models and chatbots are offered for industry applications. | 2021 | San Francisco, California, United States | USD 132.31 B | 6,146 |
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Related news about Formotiv
Complete news archive for ForMotiv
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Frequently Asked Questions about ForMotiv
ForMotiv was founded in 2017 and raised its 1st funding round 1 year after it was founded.
ForMotiv is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
ForMotiv is a funded company, having raised a total of $11.6M across 5 funding rounds to date. The company's 1st funding round was a Seed of $650K, raised on Jul 2018.
ForMotiv was founded in 2017 and is headquartered in Philadelphia, United States. AI-based behavioral analytics and predictive intelligence solutions are developed to manage online business interactions, collect behavioral data, and derive actionable insights through analysis. Team body language is interpreted, digital behavioral patterns are examined, and predictive models are constructed. Solutions are tailored for the banking, insurance, and telecom sectors.
ForMotiv offers Behavioral Data Platform, Fraud Detection Tools, and Underwriting Solutions.
ForMotiv has 3 investors. Key investors include Plug and Play Tech Center, Vestigo Ventures, and Dreamit.