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High Tech Series B Founded 2017

Formant

Formant is a cloud-based robotics and AI platform that provides incident management and operational intelligence for industrial physical operations. The company's Metaphysics platform acts as a digital brain for infrastructure, using agentic workflows and investigation blueprints to consolidate institutional knowledge, manage alarms, and deliver predictive maintenance for enterprise fleets. Key capabilities include…

📍 San Francisco, United States · Industrial Robotics

Funding snapshot

Last roundSeries B
Amount$21M
Date11 October 2023
Total raised$45M
Team size40

About

Formant is a cloud-based robotics and AI platform that provides incident management and operational intelligence for industrial physical operations. The company's Metaphysics platform acts as a digital brain for infrastructure, using agentic workflows and investigation blueprints to consolidate institutional knowledge, manage alarms, and deliver predictive maintenance for enterprise fleets. Key capabilities include AI-driven alarm and incident management with automatic filtering and routing (L0 through L5 severity levels), institutional knowledge consolidation through dynamic investigation blueprints, and predictive maintenance through real-time telemetry analysis. The platform integrates with SCADA systems, Snowflake, Slack, and Teams, and has demonstrated 83% alarm reduction and 55% auto-resolution rates across Tier 1 semiconductor and hardware OEMs. Formant serves robotics fleets, manufacturing, and industrial operations. Founded in 2017 and headquartered in San Francisco, California, Formant has raised approximately $45 million in Series B funding from investors including SignalFire, Pelion Venture Partners, Hillsven, Goodyear Ventures, Thursday Ventures, Picus Capital, Ericsson, BMW i Ventures, Intel Capital, and GS Futures.

Business model

Industrial Robotics > Tech Enablers > Software > Suite,

Plug and Play Tech Center Batches > Supply Chain > Batch 5

Team background

Company Wise > Google

Institutional investors

SignalFire Pelion Venture Partners Hillsven Goodyear Ventures Thursday Ventures Picus Capital Holman Ericsson BMW i Ventures Intel Capital GS Futures Cthulhu Ventures BMG

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