Formic

Formic is a robotics automation company providing full-service automation for mid-market manufacturers through a Robotics-as-a-Service model with zero capital investment. The company offers solutions including vision-guided palletizing, case packing, machine tending for CNC mills and lathes, pallet wrapping, autonomous mobile robots (AMRs) for material movement, and early access to general-purpose humanoid robots. Formic’s platform is powered by two layers: Cortex, the AI intelligence layer that runs perception, decision-making, and continuous learning with OTA updates across every cell; and Core, the execution layer providing hard-real-time, safety-rated motion control. The company also offers Formic Fast Track, a connected end-of-line solution combining case erecting, packing, sealing, and palletizing for one monthly fee. Formic serves CPG and metal fabrication industries, reporting 20% OpEx reduction, 99.3% uptime, and 12-week average lead times. Founded in 2020 and headquartered in Chicago, Illinois, the company has raised approximately $59.1 million in Series A funding. Investors include Lux Capital, Blackhorn Ventures, NEC, Mitsubishi HC Capital America, TransLink Capital, FJ Labs, and Initialized Capital.

Professional Service Robots > Robots as a Service > Multi Industry

College Wise > University of Chicago