Formic Conventional Debt · $100M raised · (2022)

Formic provides fully supported robotic automation to U.S. manufacturers through a Robots-as-a-Service (RaaS) model. They offer flexible, low-risk automation systems with $0 CapEx, including deployment, 24/7 support, and maintenance, all for a fixed monthly rate. Their solutions aim to help manufacturers overcome labor shortages and increase productivity.