When was Formly.ai founded?

Formly.ai was founded in 2021 and raised its 1st funding round 4 years after it was founded.

Where is Formly.ai located?

Formly.ai is headquartered in Mount Pleasant, United States.

How many employees does Formly.ai have?

As of May 31, 2026, the latest employee count at Formly.ai is 11.

Is Formly.ai a funded company?

Formly.ai is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Sep 15, 2025.

When was the latest funding round of Formly.ai?

Formly.ai's latest funding was a $***** Seed round on Sep 15, 2025, with participation from 5 investors.

Where does Formly.ai rank among its competitors?

Formly.ai ranks 9th amongst 33 active competitors, of which 6 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Formly.ai, which secured $2M in Sep, 2025.

Who are the top competitors of Formly.ai?

Formly.ai's top competitors include Junction, 3Aware and UptimeHealth. Among them, Formly.ai secured the most recent funding round in September, 2025.

Formly.ai - 2026 Company Profile, Funding & Competitors

Formly.ai is a seed company based in Mount Pleasant (United States), founded in 2021. It operates as an AI and cloud-based medical device management tool. Formly.ai has raised $2M in funding from Heal Capital. The company has 33 active competitors, including 6 funded and 6 that have exited. Its top competitors include companies like Junction, 3Aware and UptimeHealth.

Key Metrics

Founded Year

2021

Location

Mount Pleasant, United States

Stage

Seed

Total Funding

$2M in 1 round

Latest Funding Round

Seed, Sep 15, 2025, $*****

Investors

Heal Capital & 4 more

Ranked

9^th among 33 active competitors

Employee Count

11 as on May 31, 2026

Similar Companies

Junction & 38 more

View Formly.ai's full profile

Formly.ai has raised a total funding of $2M over 1 round. Its latest funding round was a Seed round on Sep 15, 2025 for $*****. 5 investors participated in its latest round. Formly.ai has 5 institutional investors.

Here is the list of recent funding rounds of Formly.ai:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 15, 2025	5455398	Seed	3071409	6297181	2558630	1793549

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View details of Formly.ai's funding rounds and investors

Formly.ai's employee count trend

Formly.ai has 11 employees as of May 26. Here is Formly.ai's employee count trend over the years:

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Top competitors of Formly.ai include Junction, 3Aware and UptimeHealth. Here is the list of Top 10 competitors of Formly.ai, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Junction 2014, New York City (United States), Series A	Connected solutions for monitoring buildings	$21.4M	Adventure Fund, Creandum & 10 others	63/100
2nd	3Aware 2022, Indianapolis (United States), Seed	Provider of real-world evidence platform for MedTech device safety and performance	$2.15M	Health Cloud Capital, Oakwood Circle Ventures	49/100
3rd	UptimeHealth 2014, Boston (United States), Series A	Provider of healthcare equipment management software and services	$6.15M	Caduceus Capital Partners, Wavemaker 360 & 9 others	46/100
4th	Capsule 1997, Paris (France), Acquired	Medical device data analytics for clinical and operational insights	-	JMI Management, Turenne Groupe & 2 others	45/100
5th	eDevice 1999, Merignac (France), Acquired	Provider of back-end infrastructure that connects remote monitoring devices to hospitals and healthcare providers	$14.9M	Vertex Ventures, ABN AMRO Venture France & 2 others	41/100
6th	Galen Data 2016, Houston (United States), Series A	Cloud-based solution for medical device data sharing	$4.57M	Lifeblood Capital, Tamiami Angel Funds & 1 others	38/100
7th	Conworx 1999, Berlin (Germany), Acquired	Provider of point of care management solutions	-	-	37/100
8th	Orthogonal 1998, Chicago (United States), Funding Raised	SaMD and connected medical device software design and development	-	National Science Foundation	36/100
9th	Formly.ai 2021, Mount Pleasant (United States), Seed	AI and cloud-based medical device management tool	$2M	Gradient Ventures, Gaingels & 3 others	32/100
10th	Prognosys Healthcare 2015, Bengaluru (India), Seed	Provider of medical devices and cloud-based technologies for healthcare professionals	$899K	Somerset Indus Capital Partners	31/100