Formant - About the company
Formant is a series B company based in San Francisco (United States), founded in 2017 by Jeff Linnell. It operates as a Provider of cloud-based solution to control a fleet of robots. Formant has raised $45M in funding from SignalFire and BMW i Ventures. The company has 76 active competitors, including 17 funded and 2 that have exited. Its top competitors include companies like Covariant, Viam and PickNik.
Company Details
Provider of cloud-based solution to control a fleet of robots. It offers proactive monitoring, business insights, collaboration, and orchestration solutions. It also provides a dashboard solution for enabling the deployment & improvement of run time and achieve scalability. Also, data from sensors can be stored and fleet-eye-view from a single robot can also be achieved. It is available on a subscription-based pricing model.
- Website
- Social
- Email ID
- @formant.io
Key Metrics
Founded Year
2017
Location
San Francisco, United States
Stage
Series B
Total Funding
in 3 rounds
Latest Funding Round
Investors
Ranked
2nd among
Employee Count
as on Dec 31, 2022
Similar Companies
Legal entities associated with Formant
Formant is associated with 1 legal entity given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Dec 31, 1999 | - | 457 | 183 |
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Formant's funding and investors
Formant has raised a total funding of $45M over 3 rounds. Its first funding round was on Dec 18, 2018. Its latest funding round was a Series B round on Oct 11, 2023 for $21M. 11 investors participated in its latest round, lead by BMW i Ventures.
Formant has 13 institutional investors including SignalFire, BMW i Ventures and Intel Capital.
Here is the list of recent funding rounds of Formant:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Oct 11, 2023 | $21M | Series B | 7535135 | 2766755 | BMW i Ventures, Intel Capital, and |
Jan 05, 2022 | $18M | Series A | 2234389 | 4302539 | |
Dec 18, 2018 | $6M | Seed | 9881376 | 9692536 |
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Formant's founders and board of directors
The founders of Formant is Jeff Linnell. Jeff Linnell is the CEO of Formant.
View details of Formant's Founder profiles and Board Members
Formant's Competitors and alternates
Top competitors of Formant include Covariant, Viam and PickNik. Here is the list of Top 10 competitors of Formant, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st |  Covariant 2017, Emeryville (United States), Series C | Developer of imitation models for teaching articulation tasks to robotic arms | $222M | CPP Investments, Northgate CapitalÌý&²¹³¾±è;Ìý | 67/100 |
2nd |  2017, San Francisco (United States), Series B | Provider of cloud-based solution to control a fleet of robots | $45M | Intel Capital, BMW i VenturesÌý&²¹³¾±è;Ìý | 58/100 |
3rd |  Viam 2020, New York City (United States), Series C | Cloud platform to create software and manage smart devices and robots | $117M | Battery Ventures, Union Square VenturesÌý&²¹³¾±è;Ìý | 50/100 |
4th |  PickNik 2015, Boulder (United States), Seed | - | $2M | 46/100 | |
5th | Trace Machina 2023, Palo Alto (United States), Seed | Developer and provider of simulation infrastructure for the development of safety critical technologies in physical world AI | $4.7M | Wellington, Sequoia CapitalÌý&²¹³¾±è;Ìý | 40/100 |
6th | Developer of an AI-based robotics engine platform | $15.2M | Viola Ventures, Viola GroupÌý&²¹³¾±è;Ìý | 40/100 | |
7th |  Intrinsic 2021, Mountain View (United States), Unfunded | Provider of AI-based software for industrial robots | - | - | 37/100 |
8th |  BOW 2020, Sheffield (United Kingdom), Seed | Robotics software platform | $4.99M | Northern Powerhouse Investment Fund, Finance YorkshireÌý&²¹³¾±è;Ìý | 35/100 |
9th |  Dime Research 2020, Seoul (South Korea), Seed | Provider of solutions for automated material handling systems | $1.61M | Stonebridge Capital, Company K PartnersÌý&²¹³¾±è;Ìý | 34/100 |
10th |  Greenroom Robotics 2017, Fremantle (Australia), Unfunded | Provider of suite of software for robot operations | - | - | 33/100 |
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Formant's Investments and acquisitions
Formant has made no investments or acquisitions yet.
Reports related to Formant
Here is the latest report on Formant's sector:
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News related to Formant
Media has covered Formant for a total of 2 events in the last 1 year, 2 of them have been about partnerships.
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The Robot Report•May 01, 2024•Formant
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intelligence360•Nov 01, 2023•Formant
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The Robot Report•Oct 26, 2022•Formant
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RoboticsTomorrow•Oct 19, 2022•Formant
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