Wednesday, 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 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...
Read MoreSunday, October 2, 2022
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...
Read MoreThursday, August 18, 2022
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...
Read MoreMonday, February 7, 2022
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...
Read MoreMonday, November 22, 2021
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...
Read MoreWednesday, September 1, 2021
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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