Formant

Formant

Manages and analyzes robotic fleet data

About Formant

Simplify's Rating
Why Formant is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Robotics & Automation

Industrial & Manufacturing

AI & Machine Learning

Company Size

51-200

Company Stage

Seed

Total Funding

$43.8M

Headquarters

San Francisco, California

Founded

2017

Overview

Formant provides solutions for managing and analyzing data from robotic fleets, primarily serving industries like logistics, manufacturing, and agriculture that utilize robotic automation. Their platform allows users to ingest, manage, and analyze data from robots, enabling real-time visualization and historical analysis to optimize operations and reduce downtime. Formant operates on a subscription model, offering features such as fleet management, data visualization, and integration capabilities. The platform is user-friendly and scalable, allowing clients to manage large numbers of devices easily. It also supports teleoperation for remote control of robots and uses large language models to provide insights from robot data. The goal of Formant is to help organizations enhance the efficiency of their robotic operations.

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Simplify's Take

What believers are saying

  • Partnerships with SoftBank and Holman enhance Formant's market presence and capabilities.
  • The new analytics feature optimizes fleet performance and proves ROI for clients.
  • Growing demand for cloud-based solutions aligns with Formant's platform offerings.

What critics are saying

  • Emerging startups in robotics management could threaten Formant's market share.
  • Rapid AI advancements may render Formant's platform features obsolete without innovation.
  • Economic downturns in key industries could reduce spending on robotic management platforms.

What makes Formant unique

  • Formant integrates robotic applications with existing tools for seamless cloud infrastructure.
  • Founded by ex-Google engineers, Formant offers unique expertise in robotics and AI.
  • Formant's platform supports teleoperation, enabling remote control of robotic fleets.

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Funding

Total Funding

$43.8M

Above

Industry Average

Funded Over

3 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

0%
The Robot Report
Nov 6th, 2024
Formant Partners With Holman On Cloud Robotics Platform

Listen to this article. Formant, a developer of a leading cloud robotics platform, has partnered with Holman, a global automotive services company. This collaboration will combine Formant’s cloud robotics platform with Holman’s fleet and automotive expertise. Formant’s expertise in cloud robotics shares a number of natural synergies with Holman’s suite of commercial automotive services, which includes fleet management and leasing, upfitting, and vocational vehicle equipment manufacturing. Formant said the commercial partnership with Holman will help fuel the growth and ongoing development of its robotics platform, which transforms how businesses manage their fleet while integrating physical automation

The Robot Report
May 1st, 2024
Formant Launches Analytics Feature To Optimize Fleet Performance

Listen to this articleThe interface of the Analytics feature, designed to help optimize robot fleet performance. | Source: Formant. Formant Inc. today announced the launch of its Formant Analytics feature. The tool aims to help robotics users optimize fleet performance, make data-informed business decisions, and easily prove their return on investment, or ROI. Formant said it created the feature in response to the growing demand for data-driven insights in robotics

The Spy Who Billed Me
Dec 22nd, 2023
Formant Partners with Softbank to Enhance Cleaning Robots with Advanced Data Platform

Formant partners with Softbank to enhance cleaning robots with advanced data platform.

The Robot Report
Dec 22nd, 2023
Formant’S Data Platform Comes To Softbank’S Cleaning Robots

Listen to this articleWhiz is SoftBank’s best-selling cleaning robot. | Credit: SoftBank. SoftBank Robotics America (SBRA) is partnering with Formant, a leading developer of robot management systems. Formant’s cloud platform helps robotics companies deploy, scale, and manage their fleets. It also provides data to end users to help prove the ROI of their robots. The partnership will drive deeper integration across the portfolio of SoftBank’s cleaning robots

SoftBank Robotics
Dec 22nd, 2023
SoftBank Robotics America Partners with Formant to Expand Transformation of Work Solutions.

SAN FRANCISCO (December 21, 2023) - SoftBank Robotics America (SBRA), the North American division of the global leader in robotics solutions with over 20,000 robots deployed, has announced a strategic partnership with Formant, the leading robot management system (RMS).

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