What do we do

Formic AI is a Canadian AI developer in Toronto, Ontario, dedicated to helping enterprises harness the power of artificial intelligence while navigating the critical challenges of compliance and data security. Formic’s revolutionary new language model architecture, the Explainable Language Model (XLM), offers full explainability and immunity to hallucinations while providing state-of-the-art accuracy and compute that is 1,000,000 times more efficient than leading LLMs at retrieval tasks. Our core enterprise offerings, the CanDoo Research Tool and the Formic Search Engine, provide key features such as industry-leading sentence-level citations for validating information, secure Canadian data hosting and on-premise deployment options, and the ability for organizations to leverage the value of an enterprise-scale language model without the risks and costs associated with LLMs. Formic AI empowers enterprises in regulated and secure environments to unlock value from their private data in a secure and responsible manner. With a core focus on explainability, Formic AI leads the industry in trustworthy and responsible AI.

Classification & markets

Industries
Enterprise Software
Large Language Models (LLMs)
AI & Machine Learning
SaaS
Generative AI
Compliance
Use cases
Teachers
Lawyers
Provincial Government
Accountants
Federal Government
Consulting Firms
Military
Enterprise
Law Firms
Founder demographics
Youth (39 and under)
Newcomer to Canada
Person with a disability
2SLGBTQI+
Other visible minority

Location

York ON , Canada