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
Phone
Undisclosed
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
Formant LinkedIn Company Profile
Social Media
Formant Company Twitter Account
Company News
Formant News
Facebook
Formant on Facebook
YouTube
Formant on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Jeffrey Linnell
  Jeffrey Linnell LinkedIn Profile  Jeffrey Linnell Twitter Account  Jeffrey Linnell News  Jeffrey Linnell on Facebook
VP - Customer Service
Jon Logan
  Jon Logan LinkedIn Profile  Jon Logan Twitter Account  Jon Logan News  Jon Logan on Facebook
VP - Engineering
Ian Sherman
  Ian Sherman LinkedIn Profile  Ian Sherman Twitter Account  Ian Sherman News  Ian Sherman on Facebook
VP - Product Management
John George
  John George LinkedIn Profile  John George Twitter Account  John George News  John George on Facebook
VP - Sales
James Turnshek
  James Turnshek LinkedIn Profile  James Turnshek Twitter Account  James Turnshek News  James Turnshek on Facebook


 

 

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Prev: 10/12/2023: Jiraaf venture capital transaction
Next: 10/12/2023: Tilak Healthcare venture capital transaction

 

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About Our VC Transactions Data

We do our best to report on all VC transactions involving tech companies. All VC database entries reported here are derived from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.

 


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