Formant
Latest round
- Series A
Last raised
- Sep 2023
Total raised
- $43M
Investors
- 11
About Formant
Formant, Inc.Founded in 2017 and headquartered in Mill Valley, California, Formant, Inc. specializes in cloud robotics solutions. The company was co-founded by James Turnshek, Jeff Linnell, and Magnus Forshufvud.Formant offers a comprehensive cloud robotics platform designed specifically for businesses seeking to optimize their automation data. Their core product integrates various robotics tools into a unified system, enabling companies to efficiently manage their fleets of robots. This platform aims to address challenges associated with disparate tools, scattered data, and inefficient teams, ultimately enhancing operational efficiency. Formant’s solutions cater to diverse clientele, including firms in sectors such as logistics, agriculture, and manufacturing, utilizing their technology to streamline operations and improve productivity.Formant generates revenue through a subscription-based model, allowing businesses to access their cloud robotics platform for a recurring fee. This transactional structure is tailored towards B2B clients who engage with the platform to seamlessly manage and optimize their robotic fleets. The company provides different pricing plans that may vary based on the size of the fleet and specific service requirements, offering flexibility to suit various business needs. Signature offerings within their service portfolio include integrations with well-known robotics providers, enhancing the value proposition for clients.In September 2023, Formant, Inc. Specific upcoming features and product launches have not been disclosed, but the company aims to expand into additional geographic regions beyond its existing presence in North America and Europe. By leveraging the latest investment, Formant seeks to enhance its cloud robotics capabilities and increase its market share.
Who invested in Formant
11 investors across 3 rounds
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Questions about Formant
Who invested in Formant?
Formant has 11 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Formant raised?
Formant has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Formant last raise money?
Formant's most recent round on record is a Series A, in Sep 2023.
What does Formant do?
Formant is a software company.
Where is Formant headquartered?
Formant is headquartered in Mill Valley, US.
Which VCs invest in companies like Formant?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Formant's stage. Their profiles are linked below.
VCs backing software startups at Series A
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