Who are Formic's investors?

Formic's investors include Blackhorn Ventures, Lux Capital, S2G Investments, Treefrog, Alumni Ventures, FJ Labs, Initialized Capital, Lorimer Ventures and 2 more.

How much funding has Formic raised?

Formic has disclosed $27.4M raised across 1 of its 2 known rounds.

Formic

11 known investors

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Formic builds enterprise AI for regulated industries such as legal, federal regulation, and defence, using a neuro-symbolic deterministic retrieval architecture that returns answers sourced from an organisation's own documents with citations traceable to the exact source page. It offers hallucination-free responses, sub-90-second retrieval at scale, lower per-query cost, and on-premise or on-device deployment for data sovereignty.

AI & Machine Learning Enterprise Software LegalTech

Investors · 11

Blackhorn Ventureslisted by Blackhorn VenturesDenver · $500K

How we know: Blackhorn Ventures's portfolio page · funding news · abfjournal.com · Not right? Tell us

Lux Capitallisted by Lux CapitalNew York · $100K – $100M

How we know: Lux Capital's portfolio page · funding news · abfjournal.com · Not right? Tell us

S2G Investmentslisted by S2G InvestmentsChicago · $1M – $5M

How we know: S2G Investments's portfolio page · Not right? Tell us

Treefroglisted by TreefrogNewmarket

Alumni VenturesreportedManchester · $100K – $10M

How we know: funding news · abfjournal.com · Not right? Tell us

FJ LabsreportedNew York · $100K – $3M

How we know: funding news · abfjournal.com · Not right? Tell us

Initialized CapitalreportedSan Francisco · $1M – $5M

How we know: funding news · abfjournal.com · Not right? Tell us

Lorimer VenturesreportedBrooklyn · $50K – $300K

How we know: funding news · abfjournal.com · Not right? Tell us

NECreported

How we know: funding news · abfjournal.com · Not right? Tell us

TransLink CapitalreportedPalo Alto · $1M – $5M

How we know: funding news · abfjournal.com · Not right? Tell us

Also in the syndicate · 1

Mitsubishi HC Capital America

Funding

SEC filings, press & company announcements

$27.4M disclosed across 1 of 2 rounds · 2024

$27.4MSeries AJun 2024 · 2 sources
Blackhorn Ventures (lead), Alumni Ventures, FJ Labs, Initialized Capital, Lorimer Ventures, Lux Capital, Mitsubishi HC Capital America, NEC, Translink Capital
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Frequently asked questions

What does Formic do?: Formic builds enterprise AI for regulated industries such as legal, federal regulation, and defence, using a neuro-symbolic deterministic retrieval architecture that returns answers sourced from an organisation's own documents with citations traceable to the exact source page. It offers hallucination-free responses, sub-90-second retrieval at scale, lower per-query cost, and on-premise or on-device deployment for data sovereignty.
Who are Formic's investors?: Formic's investors include Blackhorn Ventures, Lux Capital, S2G Investments, Treefrog, Alumni Ventures, FJ Labs, Initialized Capital, Lorimer Ventures and 2 more.
How much funding has Formic raised?: Formic has disclosed $27.4M raised across 1 of its 2 known rounds.