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§ Private Profile · Pittsburgh, PA, USA
Autonomous manufacturing technology developer using AI for rapid production of precision machined parts for aerospace, medical, and auto industries.
Based in Pittsburgh, Pennsylvania, Formlogic develops autonomous manufacturing technology that utilizes artificial intelligence, machine learning, and physics simulations to rapidly produce custom precision machined parts. The company provides hardware and on-demand production services designed to replace manual trial-and-error methods for enterprise customers operating across the aerospace, medical, automotive, and advanced technology sectors. Before closing its primary headquarters and eliminating more than 40 technology jobs in November 2024, the enterprise secured $47.4 million in total funding, which included a $20 million debt financing round. Formlogic received financial backing from venture capital firms such as Alumni Ventures and Verissimo Ventures to target a highly fragmented $70 billion market. The executive leadership and engineering teams featured former professionals from prominent technology and aerospace companies, including Palantir and SpaceX. Formlogic was originally founded in 2019 by serial entrepreneur Paul Sutter.
Formlogic has raised $40.0M across 2 funding rounds.
Formlogic has raised $40.0M in total across 2 funding rounds.
Formlogic has raised $40.0M across 2 funding rounds. Most recently, it raised $20.0M Debt in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 8, 2024 | $20M Debt Financing | Ryan Little | — | Announced |
| May 1, 2021 | $20M Series A | TWO Sigma Ventures | Alumni Ventures, Merus Capital, True Ventures, DJ Patil, Alexander Saint Amand, JIM Pallotta, JOI ITO, Streamlined Ventures, Bascom Ventures, Blue IVY Ventures | Announced |
Formlogic is a Pittsburgh-based technology company specializing in autonomous precision machining for rapid production of custom-machined components, primarily serving aerospace, space, and frontier industries.[1][2][3][4] It addresses chronic issues in manufacturing like long lead times, unreliable service, limited capacity from small machine shops, and manual trial-and-error processes by using AI-driven simulation, remote planning, and fully autonomous factories to deliver parts five times faster and at lower cost.[1][3][4] Backed by $35M in funding including a $20.4M Series A in 2021 and $20M in equipment financing in 2024 from vendors like DMG Mori and GROB Systems, Formlogic (formerly Subscale) is an Alumni Ventures and Two Sigma Ventures portfolio company with strong growth momentum in a fragmented market where no player holds more than 1% share.[1][3][4]
Formlogic was founded in 2019 by serial entrepreneur Paul Sutter (CEO), who previously sold companies to AltaVista in 2000 and Citrix in 2008, and scaled another to $400M revenue with AI teams, alongside CTO David Montague (ex-Palantir) and experts from SpaceX, Quantcast, Uber, GE Aviation, Renishaw, and Renault Formula 1.[1][3] The idea emerged from recognizing U.S. sourcing bottlenecks for tight-tolerance parts—slow, expensive, and manual—especially for new space and frontier industries reliant on unreliable small shops.[3][4] Early traction came via partnerships like DHR Engineering for automation architecture (centralized tools, computational workholding), enabling scale-up; this blueprint supported their Series A and equipment financing.[4] Previously known as Subscale, the company pivoted to "virtualization technology" combining remote AI planning with autonomous execution.[1][2]
(Note: formlogic.com also mentions AI-generated business forms, but this appears distinct or unrelated given overwhelming evidence of manufacturing focus.[3])
Formlogic rides the autonomous manufacturing wave fueled by space commercialization (e.g., SpaceX ecosystem) and frontier industries demanding rapid, reliable precision parts amid supply chain fragility.[1][4][5] Timing is ideal: post-COVID shortages exposed small-shop limits, while AI/ML advances (from Palantir/Uber alums) enable simulation over labor; no dominant player exists in this scalable niche.[1][2] Market forces like U.S. reshoring for aerospace/security and vendor financing (DMG Mori/GROB) favor them, positioning Formlogic to consolidate fragmented sourcing.[3][4] They influence the ecosystem by enabling faster iteration for startups in space/defense, reducing engineer time on physical labor, and pioneering data-rich factories for industry-wide automation.[1][2]
Formlogic is primed to dominate on-demand precision machining as space/frontier scale, with sensor data driving full autonomy and market share capture in a winner-takes-most fragmented space.[1][2] Next: Factory expansions via 2024 financing, deeper aerospace penetration, and AI upgrades for end-to-end automation amid trends like AI simulation and reshoring.[3][4] Influence evolves from niche supplier to platform leader, potentially acquiring shops or licensing tech, as they redefine sourcing like cloud did compute—separating expertise from execution for global frontiers.[1]
Formlogic has raised $40.0M in total across 2 funding rounds.
Formlogic's investors include Ryan Little, Two Sigma Ventures, Alumni Ventures, Merus Capital, True Ventures, DJ Patil, Alexander Saint-Amand, Jim Pallotta, Joi Ito, Streamlined Ventures, Blue Ivy Ventures.