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. Their solutions aim to help manufacturers overcome labor shortages, control costs, and improve safety and productivity.
Pricing
View pricing page ↗Tags
Total Employees
103
Current headcount
Performance
Company Timeline
No timeline data for this period
Discussion (0)
Join the discussion
No comments yet. Be the first to share your thoughts!
Frequently Asked Questions
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, control costs, and improve safety and productivity.
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.
When was Formic founded?
Formic was founded in 2020.
How many employees does Formic have?
Formic has approximately 103 people on record.