Formic Timeline

Events

• 2026-10-22 - Funding - Formic raises $50M package combining Series B equity and debt - Equity participants include Light Ray Ventures, Lightscape Partners and Citi. Capital supports general-purpose robotics and applications including metal fabrication. The company reports more than 750,000 live production hours across over 100 facilities in… - source: 01net.it
• 2026-10-13 - Product Launch - Physical Intelligence opens Pi API beta to more robot developers - Teams can upload their robot data, launch fine-tuning on PI-managed compute and infrastructure, and run the resulting models through hosted inference. Early users include Argon Robotics, which trained a dish-racking policy within 35 hours, and General… - source: pi.website
• 2026-06-22 - Product Launch - Robot.com launches R-noid humanoid service platform - Restaurant Assistant, Packer, Picker, Folder and Host were the initial categories, spanning industrial, logistics, healthcare, food-service, lodging and experience settings. Dual seven-joint arms, an articulated torso and a holonomic base provide up to 1.9… - source: prnewswire.com
• 2026-06-11 - Facility Opening - Formic opens 53,000 sq ft Bolingbrook headquarters - Formic opened a 53,000-square-foot Bolingbrook headquarters on 11 June 2026. The facility provides five times more room than the company's previous headquarters. Formic reported more than 650,000 production hours across its robot fleet. - source: formic.co
• 2024-06-25 - Funding - Formic raises $27.4M to scale manufacturing automation RaaS - Formic announced a $27.4 million financing round to expand Robots-as-a-Service automation for U.S. manufacturers. Proceeds are allocated to additional robot deployments and expanded field service capacity across manufacturing customers. The financing… - source: formic.co
• 2024-01-25 - Partnership - Jacobi Robotics and Formic team up to simplify robot deployment for manufacturers - Jacobi Robotics and Formic announced a collaboration to speed robotic cell configuration using AI. The partnership combines Jacobi's motion planning and programming stack with Formic's deployment model for manufacturers. The agreement is aimed at reducing… - source: businesswire.com
• 2022-01-25 - Funding - Formic raises USD 27M Series A for robotics-as-a-service - Lux Capital led the financing. Formic supplies manufacturers with robotic automation through a usage-based service model. The capital supports commercial automation and autonomous-system workflows as Formic moves toward broader commercial use. for named… - source: aibusiness.com