Formic Funding & Investors
At Formic, we want to increase the collective output of humanity by making automation deployments trivial and easy. Every factory should have access to unlimited 'labor' through robotics and automation rentals. We are building technology, financing, operations and services to make this vision possible. Formic is a fast-growing venture-backed startup focused on unlocking robotic automation in labor-starved industries such as food and beverage, advanced manufacturing, consumer packaged goods and other industrial settings. We combine financial innovation with a firm understanding of what robotics are capable of, to enable manufacturing customers to scale up their manufacturing capacity quickly and with minimal risk.
formic.coTotal Amount Raised: $31,900,000
Formic Funding Rounds
Series A
$26,500,000
Series A Investors
Payam ZamaniTeam Builder VenturesOne Planet GroupLorimer VenturesCorrelation VenturesLux CapitalInitialized CapitalSeed
$5,400,000
Seed Investors
Ali TamasebLorimer VenturesCorrelation VenturesLux CapitalInitialized Capital