FORMIC TECHNOLOGIES
At Formic, we want to increase the collective output of humanity by making automation deployments trivial and easy. Every factory should have access to unlimited 'labor' through robotics and automation rentals. We are building technology, financing, operations and services to make this vision possible. Formic is a fast-growing venture-backed startup focused on unlocking robotic automation in labor-starved industries such as food and beverage, advanced manufacturing, consumer packaged goods and other industrial settings. We combine financial innovation with a firm understanding of what robotics are capable of, to enable manufacturing customers to scale up their manufacturing capacity quickly and with minimal risk.
FORMIC TECHNOLOGIES
Industry:
Industrial Automation Manufacturing Robotics Software
Founded:
2020-09-20
Address:
Chicago, Illinois, United States
Country:
United States
Website Url:
http://www.formic.co
Total Employee:
11+
Status:
Active
Total Funding:
31.9 M USD
Technology used in webpage:
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Current Advisors List
Board_member
2021-12-01
Current Employees Featured
Saman Farid CEO @ Formic Technologies
CEO
2020-09-01
Founder
Investors List
Initialized Capital
Initialized Capital investment in Series A - Formic Technologies
Correlation Ventures
Correlation Ventures investment in Series A - Formic Technologies
Lux Capital
Lux Capital investment in Series A - Formic Technologies
One Planet Group
One Planet Group investment in Series A - Formic Technologies
Lorimer Ventures
Lorimer Ventures investment in Series A - Formic Technologies
Lux Capital
Lux Capital investment in Seed Round - Formic Technologies
Initialized Capital
Initialized Capital investment in Seed Round - Formic Technologies
Correlation Ventures
Correlation Ventures investment in Seed Round - Formic Technologies
Lorimer Ventures
Lorimer Ventures investment in Seed Round - Formic Technologies
Ali Tamaseb
Ali Tamaseb investment in Seed Round - Formic Technologies
Official Site Inspections
http://www.formic.co Semrush global rank: 2.47 M Semrush visits lastest month: 7.17 K
- Host name: 104.21.18.198
- IP address: 104.21.18.198
- Location: United States
- Latitude: 37.751
- Longitude: -97.822
- Timezone: America/Chicago
More informations about "Formic Technologies"
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At Formic, we always work with a desire to make things easier and better for other team members. In a fast-paced, quickly-scaling organization like ours, a graceful baton pass is an act of kindness. We are judicious with our asks, …See details»
Automation Made Easy | Formic
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Formic Technologies - Overview, News & Similar companies
Formic Technologies contact info: Phone number: (844) 436-7642 Website: www.formic.co What does Formic Technologies do? Founded in September of 2020, Formic is a one-stop-shop for automation. The Chicago-based "Robotics-as-a-Service" company delivers customized robots at a low hourly rate with no money upfront and guaranteed uptime.See details»
The Next Chapter - Formic
Jun 25, 2024 I’m proud to announce that Formic has secured $27.4M in additional funding led by Blackhorn Ventures, which will accelerate and scale our mission of putting more robots to work …See details»
Resources - Formic
On October 3rd at 3PM ET, Formic and Mitsubishi HC Capital will be co-presenting! Register here to claim your spot! ... Formic Raises $27.4 Million to Bring Automation to More Manufacturers. …See details»
Homepage / Formic
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