Formant

Formant

Monitoring and operations infrastructure for anyone who works with robots. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€76—115m (Dealroom.co estimates Oct 2023.)
San Francisco California (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023
Revenues1.4m2.2m2.9m4.3m
% growth-55 %32 %48 %
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DateInvestorsAmountRound
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N/A

-
*

$6.0m

Seed
*

$18.0m

Series A
*

$21.0m

Early VC
Total Funding€40.9m

Recent News about Formant

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More about Formantinfo icon
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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.

Keywords: robotics, AI, fleet management, data analysis, teleoperation, automation, subscription model, real-time monitoring, scalable platform, industrial automation.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Formant

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Formation
ACQUISITION by Formant Aug 2019