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Tuesday, June 25, 2024

Formic Raises $27.4 Million to Bring Automation to More Manufacturers

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...

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Thursday, January 25, 2024

Jacobi Robotics and Formic Team Up to Rapidly Configure Robotic Cells Using AI

BERKELEY, Calif. - January 25, 2024 — Jacobi Robotics, a new company pioneering AI-driven motion planning for robot systems, and Formic, a leading robotics-as-a-service provider accelerating the adoption of automation across American manufacturing, today unveiled a strategic partnership to bring high-performance AI-powered robotics to manufacturers. Jacobi’s technology empowers robot solution providers like Formic to program and deploy the next wave...

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Wednesday, January 17, 2024

Formic Releases New Software That Makes Everyone A Robotic Automation Expert

CHICAGO, IL - Formic Technologies, a provider of Robotics-as-a-Service automation for US manufacturers, announced the release of a suite of software tools to accelerate and simplify the deployment of robotic automation systems for businesses with no internal expertise, while also empowering their existing workforce to thrive and grow with the new technology. The Formic software is based on data and...

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Wednesday, March 8, 2023

Formic Wins Fast Company's 2023 "Most Innovative Companies" Award

Formic, a robotics-as-a-service provider, has been named the Most Innovative Company in the Robotics category by Fast Company. The award recognizes Formic's ability to provide cutting-edge technology solutions to industrial manufacturers and help them stay ahead of the competition. Formic's platform provides a flexible and scalable robotics solution to small and mid-sized manufacturing businesses. The company's innovative approach to robotics...

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Wednesday, December 14, 2022

Formic Named 2022 Top Tech Startup by Food Logistics, Supply & Demand Chain Executive

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...

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Tuesday, November 1, 2022

Insider Intelligence

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...

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Monday, October 31, 2022

Formic Promotes From Within and Strengthens From Without to Support Continued Growth

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...

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Wednesday, October 26, 2022

Formic Launches First Turnkey Palletizer at Pack Expo 2022, Making Automation Faster and More Accessible for Small to Mid-Sized Factories

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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Sunday, October 2, 2022

Formic Empowers 58-year-old Family-run Factory with its First Robot

Formic's unique Robots-as-as-Service model activated a cobot within hours of delivery, cut costs on hiring and re-training temporary workers, and enhanced safety CHICAGO―Sept 26, 2022, Formic, accelerating the adoption of automation across American manufacturing, empowered Compact Industries, Inc. – a mid-sized food and beverage packaging specialist founded in 1963 – by designing and deploying the company’s first robotic system, a...

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Tuesday, September 6, 2022

Crain's Chicago Business

Considering the rising competition from low-wage manufacturers offshore and the dearth of job candidates willing and able to work with their hands, one would assume that American manufacturers are in a rush to automate their production lines. Not quite, as the founders of Formic Technologies in Chicago can tell you.  Misa Ilkhechi and Saman Farid started Formic two years ago...

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Thursday, August 18, 2022

Formic Hires Amazon, Coco, and BeyondTrust Alums Amid Hyper-growth Trajectory

Formic’s risk-free, affordable, full-service pay-by-the-hour rental model removes traditional barriers to automation, helping small and mid-sized manufacturers compete CHICAGO―August, 2022, Formic, accelerating the adoption of automation across American manufacturing, has seen sustained 70% QoQ growth in both customer count and ARR since announcing $26.5 million in Series A funding in January and today announced a slate of new hires that...

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Thursday, March 31, 2022

Bloomberg Businessweek

Society has long worried that the widespread adoption of robots will displace workers and eliminate jobs. But rather than fearing the arrival of automatons, Shakerria Grier, a 27-year-old quality auditor at Georgia-based Thomson Plastics Inc., is relieved to get the help. In late 2020, Thomson began installing robots that take plastic parts, such as fenders for ATVs or covers for lawn...

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Monday, February 7, 2022

Formic Technologies Raises $26.5 Million Series A Led By Lux Capital

Formic Technologies Raises $26.5 Million Series A Led By Lux Capital The new investments will help Formic accelerate deployments of  Robotics-as-a-Service for U.S. manufacturers CHICAGO—January 18, 2022—Formic Technologies, a provider of turnkey robotic solutions to American manufacturers, has raised $26.5 million in a Series A financing led by Lux Capital with participation from Initialized Capital, Correlation Ventures, Lorimer Ventures, One...

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Friday, February 4, 2022

The Economist

DCL logistics, like so many American firms, had a problem last year. Its business, fulfilling orders of goods sold online, faced surging demand. But competition for warehouse workers was fierce, wages were rising and staff turnover was high. So dcl made two changes. It bought robots to pick items off shelves and place them in boxes. And it reduced its reliance on part-time...

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Tuesday, January 18, 2022


POLAR MANUFACTURING has been making ​metal ​hinges, locks, and brackets ​in south Chicago for more than 100 years. Some of the company’s metal presses—hulking great machines that loom over a worker—date from the 1950s. Last year, to meet rising demand amid a shortage of workers, Polar hired its first robot employee. The robot arm performs a simple, repetitive job: lifting a piece of...

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Monday, November 22, 2021

Polar Hardware Deployment Press Release

Polar Manufacturing Rents Fully Customized Machine Tending Robot from Formic; Automates for First Time in 105 Years    Formic’s innovative “robotics-as-a-service” model lowers traditional barriers to automation; Polar Manufacturing Company expects to save up to $77,000 a year in labor costs.  CHICAGO―November 22, 2021-- Polar Hardware, a manufacturer of door and truck body hardware, chose Formic’s “robotics-as-a-service” offering to automate for...

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Tuesday, October 12, 2021

The Fabricator

Misa Ilkhechi has seen his share of idle welding robots. With stints in sales and engineering at companies like Bosch and, most recently, Universal Robots, Ilkhechi would visit various metal fabrication facilities, see a busy welding department, and yet also see a robot welding cell gathering dust. Sometimes the company couldn’t find time to train someone to run it. Other...

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Wednesday, September 1, 2021

Formic Launch Press Release

First Fully Customized Robotics-as-a-Service Offering Lets Manufacturers ‘Hire’ Popular Robots at Low Hourly Rate By handling every aspect of financing and deployment, Formic empowers manufacturers to save money from day one and boost production.  CHICAGO, IL — August 24, 2021-- Robotics-as-a-service company Formic Technologies launched today with a simple value proposition: hire fully customized robots from top vendors at a...

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Thursday, August 26, 2021


LIVERMORE, Calif., Aug 26 (Reuters) - Silicon Valley has a new pitch to persuade small companies to automate: rent-a-robot. Better technology and the need to pay higher wages to humans have produced a surge in sales of robots to big companies all across America. But few of these automatons are making it into smaller factories, which are wary of big...

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