Making robotic automation more accessible with a full-service offering at one low hourly rate11-50 Employees
- B2B
- Growth StageExpanding market presence
- Recently fundedRaised funding in the past six months
- Website
- Locations
- Company size
- 11-50 people
- Total raised
- $31.5M
- Company type
- Technology Provider
- Markets
Formic careers
Formic is focused on unlocking robotic automation in small to mid-sized American manufacturers. Our innovative “robots-as-a-service” model combines financial innovation with a firm understanding of robotics to enable manufacturers to deploy and scale automation quickly and with minimal risk.
Our mission is to make automation easy and accessible, with our unique "pay for uptime only" model, for as low as $8/hr. Every factory should have access to unlimited “labor” through automation without the traditional barriers to entry.
Our mission is to make automation easy and accessible, with our unique "pay for uptime only" model, for as low as $8/hr. Every factory should have access to unlimited “labor” through automation without the traditional barriers to entry.
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Saman Farid
4x startup founder, in China for 15+ years, Cooper Union mechanical Engineer + Tsinghua-MIT MBA
Total raised
$31.5M
Funded over
2 rounds
Latest round
Series A (Jan 2022)
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