Founded in 2020, Formic is a robotics company providing fully managed robotic systems for case packing and palletizing to American manufacturers. Its Robotics-as-a-Service (RaaS) model allows customers to deploy automation with $0 capital expenditure. The company has helped over 100 facilities automate nearly 500,000 production hours.
Formic operates in the industrial automation and robotics sectors. The company has secured over $60 million in funding and was recognized as a Technology Pioneer by the World Economic Forum.
