Formic AI
PrivateLast Round
Strategic
Oct 22, 2024
Est. Valuation
$100M
Total Funding Raised
$159.13M
Momentum Score
75 /100
Company Overview
Formic AI is an artificial intelligence company that provides a trustworthy and explainable AI search platform designed for regulated professions such as legal, finance, and healthcare.
Sector
Enterprise Software
Verticals
NLP & Conversational AI, ML Platforms, Legal Tech, RegTech
Business Model
B2B
Customer Profile
Subscription SaaS, Government Contracts, Services & Consulting
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Formic AI Comps
Public and private peers based on sector, stage, and business model.
Formic AI Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Strategic | Oct 22, 2024 | ||||
| Series A Extension | Jun 25, 2024 | ||||
| Series A | Jan 18, 2022 | ||||
| Debt | Jan 18, 2022 | ||||
| Seed | Mar 26, 2021 |
Key People
Founding team and executive leadership
Formic AI Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| New Energy Capital | Series A Extension |
| Lux Capital | Series A Extension, Seed, Series A |
| Mitsubishi HC Capital America | Series A Extension, Debt |
| Blackhorn Ventures | Series A Extension |
| FJ Labs | Series A Extension |
| Correlation Ventures | Series A |
| Alumni Ventures | Series A Extension |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 23, 2026
Monthly visitors increased 50% MoM.
- Jan 5, 2026
Launched Boreal, an explainable language model for verifiable answers.
Formic AI Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Formic AI's valuation, stock price, and market status.
