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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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