Formic AI
PrivateLast Round
Grant
Jan 5, 2026
Est. Valuation
$100M
Total Funding Raised
$159.13M
Momentum
Top 50%
of companies Caplight tracks
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
AI, Data & Cloud Infrastructure
Verticals
NLP & Conversational AI, Compliance & Risk, Data Governance
Business Model
B2B
Customer Profile
Subscription SaaS, Usage-Based SaaS, Revenue Share
AI Layer
Foundation
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.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
Formic AI Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Grant | Jan 5, 2026 | ||||
| Strategic | Oct 22, 2024 | ||||
| Series A Extension | Jun 25, 2024 | ||||
| Accelerator | Oct 5, 2022 | ||||
| Series A | Jan 18, 2022 | ||||
Debt | Jan 18, 2022 |
Key People
Founding team and executive leadership
Formic AI Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| New Energy Capital | Series A Extension |
| Treefrog Accelerator | Accelerator |
| L-SPARK | Accelerator |
| ventureLAB | Accelerator |
| Lux Capital | Series A Extension, Seed, Series A |
| Mitsubishi HC Capital America | Series A Extension, Debt |
| Blackhorn 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.