Skip to main content
Caplight Logo









Formic AI

Formic AI

Private
TorontoAI, Data & Cloud Infrastructurehttps://www.formic.ai/

Last Round

Grant

Jan 5, 2026

Momentum

Top 25%

of companies Caplight tracks

Company Overview

Formic AI is an artificial intelligence company that provides a trustworthy and explainable AI search platform designed for regulated professions such as legal, finance, and healthcare.

Sector

AI, Data & Cloud Infrastructure

Verticals

NLP & Conversational AI, Compliance & Risk, Data Governance

Business Model

B2B

Customer Profile

Subscription SaaS, Usage-Based SaaS, Revenue Share

AI Layer

Foundation

Keywords

explainable language modelXLMverifiable AIauditable AIneuro-symbolic AIenterprise AIAI provenancetrustworthy AIfoundation modelAI guardrailsdata governanceregulatory complianceblack box AIAI agent securityfrontier AI lab

Historical Pricing

Historical view of private secondary pricing and transaction trends.

Unlock Pricing Charts

Sign up to view complete historical pricing and secondary transactions.

Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

View Momentum History

Track how buyer interest and sentiment changes over time.

Formic AI Comparables

Compare Formic AI with similar companies based on industry and business-model similarity.

Formic AI comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Gyan
79%
Unlikely AI
72%
Symbolica AI
71%

Formic AI Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
GrantJan 5, 2026
AcceleratorOct 5, 2022

Key People

Founding team and executive leadership

Varun Ranga

Co-Founder And CTO

Founding Team

Daniel Escott

Chief Executive Officer

Executive Team

Formic AI Investors

Notable investors and investment history

Formic AI investors
InvestorRounds
Treefrog AcceleratorAccelerator
L-SPARKAccelerator
ventureLABAccelerator

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jul 27, 2026

    Monthly visitors increased 202% MoM.

  • Apr 23, 2026

    Monthly visitors increased 50% MoM.

Formic AI Filings

Explore SEC and related filing metadata, where available.

Formic AI filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

Filing documents are not displayed on this public page. Request access to learn about available coverage.

Request access

Frequently Asked Questions

Common questions about Formic AI's valuation, stock price, and market status.

Is Formic AI a public or private company?

Formic AI is a private company.

What is the current stock price of Formic AI?

Formic AI is a private company with no public stock price. No recent secondary market data is available.

How much is Formic AI worth (valuation)?

Formic AI's valuation is estimated at $100.0M based on funding round data.

Can I buy Formic AI stock?

Formic AI shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Formic AI's last funding round?

Formic AI's most recent funding round was Strategic on January 18, 2022.

Who are the main investors in Formic AI?

Key investors in Formic AI include Lux Capital, Blackhorn Ventures.

Will Formic AI IPO soon?

No public IPO plans have been announced for Formic AI.

How can I track Formic AI secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Formic AI's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersToronto
Employee Range6
Year Founded2021
Last FundingJan 5, 2026

Institutional Data Access

Join leading institutional investors using Caplight to access private market data, discover pricing, and execute secondary block trades.

Requires verified institutional or accredited status.

See something wrong or outdated?