Formic
11 known investors
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.
Investors · 11
Blackhorn VenturesDenver · $500K
Lux CapitalNew York · $100K – $100M
S2G InvestmentsChicago · $1M – $5M
TreefrogNewmarket
Alumni Venturesreported · 2 sourcesManchester · $100K – $10M
FJ Labsreported · 2 sourcesNew York · $100K – $3M
Initialized Capitalreported · 2 sourcesSan Francisco · $1M – $5M
Lorimer Venturesreported · 2 sourcesBrooklyn · $50K – $300K
NECreported · 2 sources
TransLink Capitalreported · 2 sourcesSilicon Valley · $1M – $5M
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.
In the news
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.