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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
Software, Manufacturing, Robotics, Industrial Automation
2020
51-100
Headquarters locations
United States, North America
Social
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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
3
11
0
$59.3M
Details
3
Formic Technologies has raised a total of $59.3M in funding over 3 rounds.
Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
---|---|---|---|---|
2022 | Early Stage Venture | 26.5M | ||
2021 | Seed | 5.4M | ||
2024 | Early Stage Venture | 27.4M |
Investors
Formic Technologies is funded by 30 investors.
Investor Name | Lead Investor | Funding Round | Partners |
---|---|---|---|
NEC Corporation of America | - | FUNDING ROUND - NEC Corporation of America | 27.4M |
David Shapiro | - | FUNDING ROUND - David Shapiro | 27.4M |
Formic Technologies | - | FUNDING ROUND - Formic Technologies | 27.4M |
Evolution-VC | - | FUNDING ROUND - Evolution-VC | 27.4M |
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