Formic
Formic64
About
Pricing
View pricing page ↗What does Formic do?
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.
What is Formic's revenue?
StartupHub estimates Formic's annual revenue at $41.0M (range $21.6M to $57.8M, 67% confidence), based on comparable companies in the sector.
What is Formic's valuation?
StartupHub estimates Formic's effective valuation at $640.2M (range $397.8M to $954.8M, 14% confidence), based on comparable companies in the sector.
How much funding has Formic raised?
Formic has raised a total of $159M in funding. The most recent round on record is Series A Extension.
Where is Formic headquartered?
Formic is headquartered in San Francisco, United States.
When was Formic founded?
Formic was founded in 2020.
What industry does Formic operate in?
Formic operates in Industrial Automation, Robotics, Robots-as-a-Service, Manufacturing, Advanced Manufacturing, Predictive Maintenance.
How many employees does Formic have?
Formic has approximately 106 people on record.
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