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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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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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, 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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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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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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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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