Formic
About
About Formic
Formic starts a deployment by scoping the production task, including throughput, product variations and the working environment, then engineers and commissions the automation cell. It integrates equipment from several robot manufacturers under a common operating and support system, so the installed solution includes tooling, controls and service as well as the robot arm.
Its Core controls run equipment at the cell level, while Cortex connects fleet monitoring, diagnostics and operating data. Remote monitoring tracks measures such as cycle time and throughput, helping the service team identify faults and coordinate support. Formic combines that remote work with maintenance, replacement parts and on-site intervention, with the commercial arrangement and service commitments set for each application.
Articles
Operations
Facilities & manufacturing
- Factory floor area
2026-06-16 - Formic opened a 53,000 square foot Bolingbrook headquarters, five times larger than its prior site, to support robots-as-a-service manufacturing automation operations. - Bolingbrook headquarters - Bolingbrook, Illinois
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Operating milestones
- Operating milestone
2026-10-22 - Formic reports over 750,000 live production hours across its industrial RaaS fleet. - Cumulative production hours of Formic-operated industrial robots at customer facilities.
Source - Operating metric
2026-10-22 - Formic reports 99.6% uptime for its operating fleet. - Formic’s operating industrial RaaS fleet; reporting period not specified.
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Deployments
- Operating use
2026-06-16 - Formic disclosed more than 650,000 production hours across customer operations for its robots-as-a-service fleet. - Formic RaaS fleet - customer manufacturing operations
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Supply
Supply chain relationships
- Jacobi Robotics
Inbound - Software - Jacobi Robotics supplies AI-assisted robotic-cell programming software for Formic robotic automation deployments
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Funding
- 2026-10-22 - Series B - Formic raises $50M package combining Series B equity and debt
Formic raised $50 million in growth capital comprising a Mercato Partners-led Series B and debt financing from S2G Investments for broader industrial robotics deployment. - source: 01net.it
- 2024-06-25 - Funding round - $27.4M - 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. - source: formic.co
- 2022-01-25 - Series A - $27M - Formic raises USD 27M Series A for robotics-as-a-service
Formic raised USD 27 million in Series A funding to expand its robotics-as-a-service automation model. - source: aibusiness.com
Investors
- Lux Capital - Lead - VC - 2 funding events - repeat backer - first seen 2022-01-25 - latest 2024-06-25
- Blackhorn Ventures - Lead - VC - 1 funding event - first seen 2024-06-25
- Chicago Ventures - Participant - VC - 1 funding event - first seen 2024-06-25
- Citi - Participant - Unknown - 1 funding event - first seen 2026-10-22
- Correlation Ventures - Participant - VC - 1 funding event - first seen 2022-01-25
- Eclipse - Participant - Unknown - 1 funding event - first seen 2024-06-25
- Fathom Fund - Participant - VC - 1 funding event - first seen 2024-06-25
- Foundamental - Participant - Unknown - 1 funding event - first seen 2024-06-25
- Initialized Capital - Participant - VC - 1 funding event - first seen 2024-06-25
- Light Ray Ventures - Participant - VC - 1 funding event - first seen 2026-10-22
- Lightscape Partners - Participant - VC - 1 funding event - first seen 2026-10-22
- Lorimer Ventures - Participant - VC - 1 funding event - first seen 2022-01-25
- Mercato Partners - Lead - VC - 1 funding event - first seen 2026-10-22
- Mitsubishi HC Capital America - Participant - Corporate / CVC - 1 funding event - strategic/corporate - first seen 2024-06-25
- One Planet VC - Participant - Unknown - 1 funding event - first seen 2022-01-25
- Translink Capital - Participant - VC - 1 funding event - first seen 2024-06-25
Team
- Saman Farid - CEO and Co-Founder - Farid leads Formic robotics-as-a-service for factories, with a focus on making automation easier and cheaper to deploy for manufacturers.
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 more than 30 states.
Source - 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 Instinct, which trained a server-assembly policy within three days. Beta participation is by application; most showcased applications use cloud-hosted inference, with network connectivity identified as an area for improvement.
Source - 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 meters of vertical reach; the company advertised an eight-to-twelve-week path from site visit to operation.
Source - 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 - 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 supports robotics development and deployment for manufacturing and industrial automation workflows.
Source - 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 deployment friction for industrial robotic automation in production settings.
Source - 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 customers, products or deployments.
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Notes
Profile notes
- Formic owns and operates automation while customers pay for productive output
reviewed 2026-07-18 - Formic designs, installs, monitors and maintains robotic workcells under a service model with no customer capital purchase. Contracts can include performance commitments, and customers pay a recurring charge tied to access or productive operation rather than buying an unsupported robot cell.
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Relations
Relationships
- Robot.com
R Noid Deployment Partner - Formic is named as Robot.com's deployment partner for humanoid solutions.
- Jacobi Robotics
Deployment Partner - Jacobi and Formic collaborate to simplify robot deployment for manufacturers via AI-assisted robotic cell configuration.
- Physical Intelligence
Pi API Collaboration - Formic uses the Pi API to adapt π models to three robot types, including humanoid packing.