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How Formus Labs CEO Ju Zhang grew Formus Labs to $2.9M revenue with a 17 person team in 2024.

SaaS for orthopedic surgery planning using the fusion of AI and biomechanics to improve patient outcomes and clinical efficiency.

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Formus Labs Revenue

In 2024, Formus Labs's revenue reached $2.9M. The company previously reported $1.7M in 2022. Since its launch in 2016, Formus Labs has shown consistent revenue growth.

Formus Labs Revenue GrowthReported revenue / ARR by year$0$750K$2M$2M$3M$4M201620172018201920202021202220232024$0$2M$3MSource: GetLatka.com
YearMilestone
2024Formus Labs Hit $2.9m revenue in October 2024
2022Formus Labs Hit $1.7m revenue in February 2022
2016Launched with $0 revenue

Formus Labs Valuation, Funding Rounds

Formus Labs's most recent disclosed valuation is $8.6M.

Formus Labs has raised $5M in total funding across 1 round, most recently a $5M Seed Round round in 2022.

Formus Labs Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$1M$3M$4M$5M$6M20162017201820192020202120222016 cumulative: $0 • 2016 Founded: $02022 cumulative: $5M • 2016 Founded: $0 • 2022 Seed Round: $5M$5M2016 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold
2022Seed Round$5M--

Formus Labs Employees & Team Size

Formus Labs employs approximately 17 people as of 2026.

Formus Labs has 17 total employees in different roles and functions.

Formus Labs Team GrowthReported headcount over time0481216202016201720182019202020212022202320240017171717Source: GetLatka.com
YearMilestone
2024Reached 17 employees (October 2024)
2022Reached 17 employees (February 2022)

Founder / CEO

Ju Zhang

Ju Zhang is a Founder and Chief Architect at Formus Labs. He is a former Service Technician at Medical Equipment Services Ltd. Mr. Zhang received a Ph.D. and bachelor of engineering in Bioengineering and Biomedical Engineering at the University of Auckland.

Q&A

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Customers

We do not have customer count information for Formus Labs yet.

Frequently Asked Questions about Formus Labs

What is Formus Labs's revenue?

Formus Labs generates $2.9M in revenue.

Who founded Formus Labs?

Formus Labs was founded by Ju Zhang.

Who is the CEO of Formus Labs?

The CEO of Formus Labs is Ju Zhang.

How much funding does Formus Labs have?

Formus Labs raised $5M.

How many employees does Formus Labs have?

Formus Labs has 17 employees.

Where is Formus Labs headquarters?

Formus Labs is headquartered in Auckland, New Zealand.

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Compare Formus Labs to the industry

Formus Labs operates across multiple industries. Browse revenue, funding, and growth data for Formus Labs in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Formus Labs Revenue 2024: $2.9M ARR, $8.6M Valuation