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Formic

Robotics-as-a-service automation for mid-market manufacturers, zero capex

Proof of life. Raised $27.4M in 2024 and opened an Oakland automation lab; fleet runs ~38M items weekly

Formic deploys palletizing, machine-tending, and case-packing robots to small and mid-size manufacturers under a fixed monthly fee with no upfront capital cost. The company owns integration and uptime risk, aiming to make automation accessible beyond large enterprises.

Category
Industrial & Manufacturing
Headquarters
Chicago, USA
Country
USA
Founded
2020
Funding stage
Series A
Total funding
$59M
Website
https://formic.co/

Investors

Blackhorn VenturesLux CapitalInitialized CapitalNEC

Tags

Series AUSA

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