Learn about automation and how to get started with our articles, videos, customer stories, whitepapers, and more.
CHICAGO—June 25, 2024—Formic, a provider of Robots-as-a-Service (RaaS) automation for U.S. manufacturers, today announced it has raised another $27.4 million in Series A financing led by Blackhorn Ventures with participation from Mitsubishi HC Capital America, NEC and Translink Orchestrating Future Fund, Alumni Ventures, FJ Labs, Lux Capital, Initialized Capital and Lorimer Ventures. This new funding brings the total Series A...
Read MoreToday is a special day for robots and manufacturers in America. I’m proud to announce that Formic has secured $27.4M in additional funding led by Blackhorn Ventures, which will accelerate and scale our mission of putting more robots to work in American factories. This brings our total Series A funding to $53.9M. Formic was founded with a vision to create...
Read MoreMi Rancho has been delighting customers with authentic and fresh tortillas, chips, and salsas since its establishment in 1939. Originally founded as a grocery store in Oakland, California the business has evolved and grown into a food provider for large nation-wide retail partners. Today, the company operates from their 150,000 square foot facility in Elk Grove and is growing more...
Read MoreSince 1978, Cameron's Coffee has been bringing the taste of delicious, locally-brewed coffee to more and more coffee lovers. What started as a small-batch roastery offering packaged coffee for grocery stores in the midwest has grown to a large-scale operation that produces and packages over 50,000 lbs. of coffee daily! As their business has rapidly grown, one of the challenges...
Read MoreAccess our recent webinar and learn how to calculate the total impact and ROI of your automation project. Watch now >>
Read MoreContemporary Challenges to Building Trust Amidst Volatility As costs increase for labor and raw materials, external manufacturers are battling on multiple fronts to stay on time and on budget. This “squeeze” can manifest itself into more transactional RFQ processes and/or doubling-down on finding savings within existing external manufacturing partners. What is leading to this increase in pricing volatility? Market disturbances...
Read MoreIn this technology-agnostic webinar, we reveal the best "crawl, walk, run" playbook for successfully automating your production, stemming from Formic's hundreds of automation deployments, Danijel's personal lessons learned as VP of Operations, and tales (good and bad) from other U.S. manufacturers. Watch it now! >>
Read MoreLearn how automation and robotics contribute to efficiency, flexibility, and operational agility during an economic downturn. Watch the webinar now >>
Read MoreWatch a recorded webinar from January 2024 where we shared data, challenges, and strategic insights compiled from U.S. manufacturers like you. Learn how these owners and operations managers of contract manufacturers, contract packaging companies, and vertically-integrated brands are planning their roadmap for success in 2024. Leverage this industry insider information to write the winning playbook to scale and grow your...
Read MoreAs a business leader, you need a new way to overcome the production, labor, and financial challenges you face on a daily basis. With the cost of goods and labor continuing to increase, high quality throughput in your facility is now the number one focus to drive scale and growth. Historically, automation was only an option for global businesses with...
Read More
