Tuesday, January 10, 2023
Our CEO, Saman Farid, recently joined the Forward Podcast to talk about a range of issues, including how U.S. manufacturing stacks up against China and Korea, the vast opportunities available for automation, Formic’s approach to unlocking robotization and fighting labor shortage, and building a $100 billion company. According to Saman, there are 1.5 million unfilled manufacturing jobs in America today....
Read MoreThursday, December 22, 2022
Robotics-as-a-Service (RaaS) is a different automation model from the traditional capital purchase approach. Financial leaders will want to read this deep dive whitepaper to learn how RaaS is expensed as incurred and what the other positive financial benefits include. Download your copy today >>
Read MoreThursday, December 22, 2022
90% of U.S. manufacturers have zero robots and are unaware of the total cost of owning automation. This exclusive whitepaper breaks down the details and provides industry-backed methods for cutting costs. Download your copy today >>
Read MoreWednesday, December 14, 2022
Honored for empowering SMBs to strengthen U.S. supply chain with pay-for-productivity robotic solutions Award spotlights top software and technology startups in the supply chain and logistics space CHICAGO, December 14, 2022 — Formic, accelerating the adoption of automation across American manufacturing, was selected as one of this year’s Top Tech Startups by the Food Logistics and Supply & Demand Chain...
Read MoreFriday, December 2, 2022
Theresa Dobson VP of People Theresa Dobson is a thought-leader in the areas of building strong talent acquisition teams, culture, and businesses. Outside of Formic, she consults on culture and leadership strategy for start-ups, using her experience working in fast-growing consumer brands. Here is our recent conversation with Theresa Dobson, VP of People at Formic, who highlights the traits and...
Read MoreThursday, December 1, 2022
It’s no secret that we’re living in some pretty turbulent economic times. In the last several weeks major layoffs have been announced at Amazon, Meta, Twitter, Re/Max, GE Appliances, JPMorgan, Electrolux, and HelloFresh to name a few. The reason for this economic downturn according to Business Insider is two-fold: slowing business growth and increased labor costs. While companies drastically reduce...
Read MoreFriday, November 18, 2022
Affordable healthcare. Reusable rockets. Unlimited manufacturing labor. These are a few of the stickiest challenges that some American companies are tackling. Andreessen Horowitz, a top tech VC firm with $20B under management, just released their list of the top 50 companies kickstarting American renewal, called the “American Dynamism 50.” What is American Dynamism? Andreessen Horowitz defines it this way: “It...
Read MoreTuesday, November 1, 2022
Robotics companies have joined other industries in feeling the economy’s pain, but Formic, with its robotics-as-a-service (RaaS) platform, is an outlier. The company, which rents out robots for $8 to $30 an hour, is accelerating automation adoption for US manufacturers. Formic recently reported increasing its customer count 70% QoQ following a $26.5 million Series A round in January. It also increased its headcount 35%, and brought on Amazon alum Karl...
Read MoreMonday, October 31, 2022
Company reshuffle sees Seegrid alum Jack Kaumo hired as new VP of Sales, with Co-Founder Misa Ilkhechi promoted to VP of Product and Partnerships CHICAGO―October, 2022, Formic, accelerating the adoption of automation across American manufacturing, today announced that automation sales leadership exec Jack Kaumo has been joined as VP of Sales, with Co-Founder Misa Ilkhechi promoted to VP of...
Read MoreWednesday, October 26, 2022
CHICAGO―October 23, 2022, Formic, accelerating the adoption of automation across American manufacturing, today announced the release of the SL20 Palletizer – the inaugural product in a new catalog of certified, off-the-shelf, robotics-as-a-service solutions available at a low cost per hour. Built by Sourcelink Solutions, Formic’s new offering further underlines Formic’s commitment to removing the barriers to automation so that small...
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