Founded in 2020, Formic is a US-based Robotics-as-a-Service (RaaS) provider focused on industrial automation for the manufacturing sector. The company delivers fully managed robotic systems for case packing and palletizing operations, structured to require zero capital expenditure from customers and minimal upfront investment. This model is designed to broaden access to automation for American manufacturers.
The company's systems have been deployed in over 100 facilities across the United States, accumulating nearly 500,000 production hours. Formic has secured over $60 million in funding to support its growth. Its work in making automation more accessible led to the company being named a Technology Pioneer by the World Economic Forum.
Technical work at Formic centres on industrial automation and robotics, with engineering efforts concentrated on developing and managing these deployed systems. The company operates exclusively within the US manufacturing market.
