Updated February 2, 2026
Formal by Formal
Formal is a complete PAM solution based on deploying flexible binaries that allow complete control of data access. They offer unique data aliasing to make them especially strong at controlling sensitive data access.
Category Specialties
Specialized capabilities across different security domains
| Data Security | General capabilities |
| Boundary Breakers | Technical InnovationReally Neat |
| Corporate Identity | Access |
Latio Guidance
Product evaluation across key dimensions
Use Case CoverageExcellent
Coverage across use cases
Product MaturityExcellent
Feature depth & maturity
Cool FactorExcellent
Innovation & market presence
UsabilityExcellent
Ease of use & implementation
Business Health
Employees
20
11-50
Approximation
Founded
2021
5 years old
Total Funding
$5.8M
1 round
Growth
Private
Funding History
Seed
Nov 2023
$5.8M
Thrive Capital, Y Combinator
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