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Formant

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Monitoring and operations infrastructure for anyone who works with robots

San Francisco, United StatesFounded 2017Robotics
Valuation $100–250M Last recorded · 2023
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Formant and the history behind them.

About Formant

Formant.io is a cutting-edge startup that specializes in providing comprehensive solutions for managing and analyzing data from robotic fleets. The company operates in the robotics and artificial intelligence (AI) market, serving clients who deploy and manage large numbers of robotic devices. These clients typically include industries such as logistics, manufacturing, agriculture, and any other sector that relies on robotic automation.

Formant's business model revolves around offering a robust platform that enables users to efficiently manage their robotic fleets at scale. The platform provides tools for data ingestion, management, and analysis, allowing clients to visualize and interpret data from their robots in real-time or through historical analysis. This helps organizations to optimize their robotic operations, improve efficiency, and reduce downtime.

The company makes money through a subscription-based model, where clients pay for access to the Formant platform and its various features. These features include fleet management, data visualization, and integration capabilities, which are crucial for clients who need to maintain and monitor large numbers of robotic devices.

Formant's platform is designed to be user-friendly, with a scalable and flexible user interface that allows clients to navigate and manage hundreds or thousands of devices easily. The platform also supports teleoperation, enabling users to control their robots remotely. Additionally, Formant leverages large language models (LLMs) like ChatGPT to provide insights and exploratory workflows, helping users to ask questions and get immediate answers from their robot data.

In summary, Formant.io offers a powerful suite of tools for managing and analyzing robotic fleets, catering to industries that rely on automation. The company operates on a subscription model, providing clients with a scalable and flexible platform to optimize their robotic operations.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
San Francisco, United States
Employees
40
Open positions
None listed
Dealroom signal
71.4/100
Industry
Robotics
Sector
Robotics, Cloud Infrastructure, Innovation Management, Robot Programming and Training, Hard Tech, enablers for robotics, DT and LS, science-based
Technology
Artificial Intelligence, Deep Tech
Business model
SaaS
Client focus
b2b
Investment activity
1 company, latest Aug 2019
Capital deployed
—
Preferred round
ACQUISITION

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Oct 2023 $21M $84M Intel Capital · BMW i Ventures · GS Futures · Pelion Venture Partners ↗
SERIES A✓Equity / VC Jan 2022 $18M $72M Ericsson ↗
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020 —
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Formant website traffic

Latest recorded traffic for Formant is 13K monthly website visits, down 62.9% over the last three months. Formant's team grew 17.6% over the past year.

Latest monthly visits13K 3-month web change-62.9% 1-year team growth+17.6%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

11 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

Series A9 investors entered at this stage

  • Ericsson
  • Intel Capital
  • BMW i Ventures
  • GS Futures
  • Pelion Venture Partners
  • Thursday Ventures
  • Goodyear Ventures
  • Holman Growth Ventures
  • Picus Capital

Other known investors1 additional known investor

Team profiled 18 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
5 countries with
team presence
🇺🇸 United States80.8%
🇬🇧 United Kingdom3.9%
🇨🇴 Colombia3.9%
🇮🇳 India3.9%
🇦🇲 Armenia3.9%
5 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Formant on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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