Formic
Agent50 out of 100, Top 25%. Agent Readiness. Open the scores section.Agent Readiness: 50/100. Top 25%. Measured by StartupHub.ai. Median 41.Trust86 out of 100, Top 25%. Data Trust. Open the scores section.Data Trust: 86/100. Top 25%. Measured by StartupHub.ai. Median 61.Robots-as-a-Service (RaaS) for U.S. manufacturers, offering flexible, low-risk automation.
About
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.
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Key facts
- Website
- formic.co
- Headquarters
- San Francisco, United States
- Founded
- 2020
- Employees
- 106
- Total funding
- $209M (Series B)
- Business model
- B2B
Formic pricing
| Plan | Price |
|---|---|
| Automate NOWOne flat monthly rate covering hardware, installation, 24/7 support and 100 percent maintenance, Month-to-month or multi-year contracts, Six system options with equipment swaps at same flat rate | Contact sales |
No CapEx and no price listed. Requires quote via Get a Quote. Cobot palletizers for single-shift lighter cases and tight footprints, industrial palletizers for multi-shift high-volume heavier cases and taller stacks.
Plans as published by Formic, checked September 2026. Current prices on formic.co
Funding rounds
| Date | Round | Amount | Lead investors |
|---|---|---|---|
| 22 Oct 2026 | Series B | $50M | Mercato Partners |
| 25 Jun 2024 | Series A Extension | $27M | Blackhorn Ventures |
| 18 Jan 2022 | Series A | $27M | Lux Capital |
| 18 Jan 2022 | Conventional Debt | $100M | |
| 26 Mar 2021 | Seed | $5M | Initialized Capital |
Tech stack
Detected on formic.co, last scanned 1 Nov 2026. Run your own scan
- Analytics
- Google Tag Manager
- CMS / Builders
- Ghost
- CDN
- Cloudflare, Netlify
- Email provider
- Mimecast
- Visitor tracking
- ZoomInfo WebSights
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Frequently asked
What does Formic do?
Their solutions aim to help manufacturers overcome labor shortages and increase productivity.
Is Formic trustworthy and reputable?
StartupHub's Data Trust & Reputation score for Formic is 86 out of 100, a trusted rating, based on site security posture, privacy practices, malware and phishing checks, and public reputation signals.
How much funding has Formic raised?
Formic has raised a total of $209M in funding. The most recent round on record is Series B.
How many employees does Formic have?
Formic has approximately 106 people on record.
SEC filings, insider activity, nonprofit links and pay benchmarks for Formic:
Company details: from public sources. Funding: no announced round on file. Ownership: not yet claimed by the company. Scores: measured by named tools; each links to its method. Our rules
