Formic

Formic is a Robotics-as-a-Service (RaaS) provider that supplies American manufacturers with fully managed robotic systems under a $0 capital expenditure model. Founded in 2020 and operating across the United States, the company focuses on automating case packing and palletizing operations, allowing manufacturers of all sizes to adopt industrial robotics with minimal upfront investment and without the traditional risks and complexity of automation projects.

The company's managed systems have been adopted at over 100 facilities and have reached nearly 500,000 production hours. Formic has raised over $60 million in funding to date. Its work sits at the intersection of industrial robotics, industrial automation, case packing and palletizing, and it serves manufacturing clients across those verticals.

Formic states a mission of democratizing access to robotics and revitalizing American manufacturing, with an emphasis on measurable return on investment for its customers. The company has been named a Technology Pioneer by the World Economic Forum.