Formic

About Formic

Formic is a company focused on providing Full Service Automation (Robots-as-a-Service) to manufacturers, delivering automation systems, 24/7 support, and technology for real-time data analysis with no upfront capital expenditure (CapEx). Their mission is to help manufacturers transition from manual labor to automation, improving productivity, reducing workplace injuries, and achieving operational success through a fixed monthly rate model.

Products & Services

Formic Palletizers:Automation solutions to eliminate labor turnover, ergonomic injuries, and productivity challenges at the end of production lines, offered at a fixed monthly rate.

Formic Case Packing:Systems that enhance speed, efficiency, and scalability in critical operations, reducing hand-packing errors and dependency on temp labor while increasing production rates.

Formic Floor Sweeping Robots:Autonomous robots for continuous cleaning of production floors to prevent slips, trips, and falls, with self-navigation and charging capabilities.

Service & Support:24/7 monitoring, maintenance, and customer support by engineers to ensure automation systems meet performance SLAs, including corrective and preventative maintenance.

Formic Production Intelligence (FPI):Real-time data tool providing instant visibility into production performance for operators and manufacturers, enabling continuous operational improvement.

Specialties

Full Service Automation Robots-as-a-Service (RaaS) Palletizing Systems Case Packing Systems Floor Sweeping Robots Production Intelligence Software 24/7 Technical Support

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Series A T: - FT: Series A	A: 27400000 MR: - FA: 27.4 million FAN: 27400000	D: 2024-06-25 FD: 2024-06-25	9 investors

Series A Latest

2024-06-25

$27.4M

9 investors (Pro only)

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

D

Derek Glade

CMO at Taffy Town

P

Patrick Henson

VP of Operations

R

Rick Kulas

Director of Operations

J

Jim LaRocco

Director of Manufacturing and Fullfillment at Garrett Popcorn

J

Jaap Langenberg

CEO

A

Adam Bragg

Technical Director

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Recent News

Formic Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised