150
companies
1,396
Jobs
Formic
Formic
formic.co

Locations

North America · Chicago, IL, USA

industry

Finance · Software · Food · Manufacturing · Hardware

Size

51-200 employees

Stage

Series A

founded in

2020

Series A

At Formic, we want to increase the collective output of humanity by making automation deployments trivial and easy. Every factory should have access to unlimited 'labor' through robotics and automation rentals. We are building technology, financing, operations and services to make this vision possible. Formic is a fast-growing venture-backed startup focused on unlocking robotic automation in labor-starved industries such as food and beverage, advanced manufacturing, consumer packaged goods and other industrial settings. We combine financial innovation with a firm understanding of what robotics are capable of, to enable manufacturing customers to scale up their manufacturing capacity quickly and with minimal risk.

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