Formant has filed a notice of an exempt offering of securities to raise $20,000,000.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Formant is raising $20,000,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Jeffrey Linnell played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Formant
Formant is a cloud platform that helps robotics companies easily deploy, scale, and manage their fleets. Founded by a team of former Google, Savioke, and Redwood Robotics software engineers, roboticists, and product managers Formant believes that more efficient cloud infrastructure can help unlock the shared potential of humans and robots. Get industry-leading solutions for teleoperation, fleet management, device monitoring, and more.
To learn more about Formant, visit http://formant.io/
Contact:
Jeffrey Linnell, Chief Executive Officer
415-994-7622
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