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.
Evidence notes
- 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.
Company context
Formic provides full-service robotic automation for mid-market manufacturers through a robots-as-a-service model. It deploys palletizing, case packing, machine tending, pallet wrapping, AMR and general-purpose robot systems without customer CapEx, backed by service, monitoring and uptime operations.