Last deal

Amount

Venture - Series Unknown

Stage

02.04.2024

Date

2

all rounds

$5.4M

Total amount

date founded

Financing round

General

About Company
Formic simplifies automation deployments to increase humanity's collective output.

Industry

Sector :

Subsector :

Keywords :

founded date

20.09.2020

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

Formic is a fast-growing startup that provides technology, financing, operations, and services to unlock robotic automation in labor-starved industries. They combine financial innovation with a firm understanding of what robotics are capable of, enabling manufacturing customers to scale up their manufacturing capacity quickly and with minimal risk. Their robotic technology automates repetitive tasks in material handling, inspection, welding, and machine tending, enhancing overall productivity. Their cutting-edge robot fleet empowers factories to STACK, PACK, WELD, and TEND at speeds 2-3 times faster than before, producing a wide array of products. Their mission is to create a world of abundance through innovative automation solutions.
Contacts

Contact Email

Social url

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People

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Misa Ilkhechi

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Misa Ilkhechi

Saman Farid
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Formic Technologies
Formic Technologies

Saman Farid

Employee Profiles
1
Saman Farid

Saman Farid

CEO

Activity

Recent News
6
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

week