# Formlogic Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/formlogic

- Industry: Industrial Machinery
- Headquarters: Pittsburgh, US
- Website: www.formlogic.com
- Total disclosed funding: $20M
- Latest round: Series A (Jul 2, 2021)
- Investors on record: 2

## About

Established in 2019 and based in Pennsylvania, US, Formlogic Corporation, formerly known as Subscale Corporation, operates as a precision manufacturer for space and frontier industries. In July 2021, Formlogic Corporation raised USD 20.4 million in a Series A financing round led by new investor Two Sigma Ventures, with participation from Alumni Ventures Group. The Series A funding valued Formlogic Corporation at USD 111.18 million post-money. The company is led by its founder and CEO Paul Sutter who sold his first company to AltaVista in 2000 and his second to Citrix in 2008, David Montague and David Montague (CTO). The company partnered with DMG Mori and GROB Systems to get strategic equipment financing.  

Formlogic offers precision CNC machining systems to automate the control of machine tools using software for the rapid manufacturing of precision parts. Some of the machines include 5-axis and millturns from DMG Mori, GROB Systems, and Doosan. The company developed a downloadable plug-in software for the transmission and upload of CAM files into manufacturing software. Thus, the software performs the simulations needed to produce effectively, replacing the guess-and-check method usually done by a skilled worker.

## Funding rounds

- Series A, Jul 2, 2021, $20M — Two Sigma Investments, Alumni Ventures Group

## Investors

- Two Sigma Investments (https://capitalatlas.ai/funds/two-sigma-investments) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A