Tech Company Financing Transactions
Formant Funding Round
On 10/12/2023, Formant raised $21 million in financing from BMW i Ventures, GS Futures and Intel Capital.
Transaction Overview
Company Name
Announced On
10/12/2023
Transaction Type
Venture Equity
Amount
$21,000,000
Round
Undisclosed
Proceeds Purpose
The company intends to use the funds to: Continue to invest in product and GTM to drive enterprise adoption. Expand partnership efforts and build out the Formant integration ecosystem. Bring its solutions to more traditional segments of the automation industry.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
Undisclosed
San Francisco, CA 94110
USA
San Francisco, CA 94110
USA
Phone
Undisclosed
Website
Email Address
Overview
Founded by a team of former Google, Savioke, and Redwood Robotics software engineers, roboticists, and product managers--Formant believes that more efficient cloud infrastructure can help unlock the shared potential of humans and robots.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jeffrey Linnell
VP - Customer Service
Jon Logan
VP - Engineering
Ian Sherman
VP - Product Management
John George
VP - Sales
James Turnshek
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