Formic Technologies

Formic Technologies

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Overview

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.

About

Industries

Software, Manufacturing, Robotics, Industrial Automation

Founded

2020

Employees

51-100

Headquarters locations

United States, North America

Social

N/A

Profile Resume

Formic Technologies headquartered in United States, North America, operates in the Software, Manufacturing, Robotics, Industrial Automation sector. The company focuses on Software and has secured $2.8B in funding across 48 round(s). With a team of 51-100 employees, Formic Technologies is actively contributing to advancements in Software. Their latest funding round, Series A - Formic Technologies, raised $27.4M. Discover more about their projects, partnerships, and impact on our platform.

Employees

N/A

Funding Rounds

Funding rounds

3

Investors

11

Lead Investors

0

Total Funding Amount

$59.3M

Details

3

Formic Technologies has raised a total of $59.3M in funding over 3 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2022Early Stage Venture26.5M
2021Seed5.4M
2024Early Stage Venture27.4M

Investors

Formic Technologies is funded by 30 investors.

Investor NameLead InvestorFunding RoundPartners
NEC Corporation of America-FUNDING ROUND - NEC Corporation of America27.4M
David Shapiro-FUNDING ROUND - David Shapiro27.4M
Formic Technologies-FUNDING ROUND - Formic Technologies27.4M
Evolution-VC-FUNDING ROUND - Evolution-VC27.4M

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