Formic AI Revenue

Software Development • Toronto, Ontario, Canada • 1-10 Employees

Formic AI revenue & valuation

Annual revenue	$598,885
Revenue per employee	$86,000
Estimated valuation?This valuation is estimated based on industry average for the Software Development industry and current estimated revenues	$2,000,000
Total funding	$1,300,000

Key Contacts at Formic AI

Daniel Escott

Chief Executive Officer

Varun Ranga

Co-Founder And Cto

Benji Christie

Co-Founder

Company overview

Headquarters	101 College St, Toronto, Ontario M5G 1L7, CA
Website	formic.ai
Keywords	Natural Language Processing, Transformers, Compliance, NLP, Artificial Intelligence, Enterprise Software, AI, Machine Learning, Data Security, Legaltech, Language Models, AGI, Ai Governance, Generative Ai, Genai
Founded	2021
Employees	1-10
Socials

Formic AI Email Formats

Formic AI uses 2 email formats. The most common is {first initial} (e.g., j@formic.ai), used 87.5% of the time.

Format	Example	Percentage
{first initial}	j@formic.ai	87.5%
{first name}	john@formic.ai	12.5%

About Formic AI

Formic AI is a Canadian AI company in Toronto, Ontario, dedicated to unlocking the value of artificial intelligence for regulated professions. Our mission is to enhance the efficiency, productivity, and quality of life for professionals by providing powerful generative and non-generative AI tools built on a foundation of trust and uncompromising compliance.

Employees by Management Level

Total employees: 1-10

Seniority

Employees

C-Suite

Senior

Entry

Employees by Department

Formic AI has 6 employees across 4 departments.

Departments

Number of employees

Funding Data

Explore Formic AI's funding history, including investment rounds, total capital raised, and key backers.

Funding Date	Round	Amount	Link to Article
2022-11-05	2	$650,000
2022-11-03	13	$650,000

Funding Insights

$1,300,000

Total funding amount

$650,000

Most recent funding amount

Number of funding rounds

Formic AI Tech Stack

Discover the technologies and tools that power Formic AI's digital infrastructure, from frameworks to analytics platforms.

Alpine.js

JavaScript frameworks

Google Tag Manager

Tag managers

Varnish

Caching

Fastly

CDN

HSTS

Security

GitHub Pages

PaaS

Sheet Monkey

Form builders

Google Analytics

Analytics

Frequently asked questions

Formic AI is located in Toronto, Ontario, CA.

Formic AI generates an estimated annual revenue of $598,885. This revenue figure reflects the company's market position and business performance in its industry.

Formic AI has an estimated valuation of $2,000,000. This valuation is calculated based on industry-standard revenue multiples and reflects the company's growth potential and market positioning.

Formic AI was founded in 2021, making it 5 years old. The company has established itself as a significant player in its industry over this time.

Formic AI has approximately 1-10 employees. The company continues to grow its workforce to support its business operations and expansion.

Formic AI has raised a total of $1,300,000 across 2 funding rounds. This investment has helped the company grow and expand its operations.