The Frontier Leaders · Formic

Formic

Chicago, Illinois, United States · private · formic.co

Formic provides and manages robotic production systems as a customer-facing service for U.S. manufacturers through its Robotics-as-a-Service offering.

Robotics · prospect · score 36Humanoids · prospect · score 33

Latest signals

  • Formic raised $50 million in a Series B round led by Mercato Partners.Robot News
  • Formic raised $50 million to expand its physical AI platform into general-purpose robotics.The AI Insider
  • Formic’s robot fleet has accumulated more than 750,000 hours of production work.The AI Insider
  • Robots for America launched a U.S. robotics industry coalition to advance manufacturing automation policy.The AI Insider
  • Formic and Jacobi Robotics partnered to simplify robotic-cell deployment and configuration.Jacobi Robotics

5 signals name Formic. Members see all of them, filtered by topic, source and date.

Facts, with sources

  • Humanoid pilots with select manufacturing customersPilot · formic.co
  • Top Load Case Packer, Floor Cleaning Robots, and Formic Production IntelligenceProduct launch · businesswire.com
  • Joint commercial agreement with Mitsubishi HC Capital America to source and finance Formic's Robotics-as-a-Service modelPartnership · businesswire.com
  • USD 27400000Funding round · businesswire.com

9 facts on file. Members see all of them with the source link.

Scores, Robotics (of 10)

Deployment4
Production5
Commercials1
Progress7
Technology4
Positioning3
Firepower1
Leverage3

Traction: deployment, production, commercials, progress. Capability: technology, positioning, firepower, leverage.

Also tracked in

prospectHumanoids · score 33

Categories

HumanoidsHumanoids · SystemsRoboticsRobotics · Operators & services / Ground

Questions this page answers

What does Formic do?

Formic provides and manages robotic production systems as a customer-facing service for U.S. manufacturers through its Robotics-as-a-Service offering.

Where does Formic rank in robotics?

Formic is on the Robotics prospect list of Frontier Tech Intelligence with a score of 36 out of 100, below the Top 100.

Where is Formic based and when was it founded?

Formic is based in Chicago, Illinois, United States. Stage: private.

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