Formic
End-of-Line Automation | Case Packing & Palletizing
Chicago, United States · $59.1M raised
- Headquarters
- Chicago, Illinois
- Employees
- 11–50
- Business Model
- B2B
- Website
- formic.co
- Total Funding
- $59.1M
- Last Round
- $27.4M Series AJun 2024
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 3 funding rounds and 8 investors for this company. The full record is or through the API.
About
Accelerate the accessibility of automation. Formic was founded to deliver more capacity, consistency, and reliability to every factory while reducing cost, downtime, and worker safety issues. Every manufacturer deserves access to state-of-the-art automation and a robot workforce without 18-month deployment timelines or capital risk.
Summary
Formic is an Artificial Intelligence company based in Chicago, United States. It has raised $59.1M in total across 3 rounds, most recently a $27.4M Series A round in Jun 2024. Investors include Blackhorn Ventures, Lux Capital and Initialized Capital.
Tech & App Stack
7 technologies & apps tracked
Every product and vendor across these categories, with where each signal came from.
Create a free account with 25 free credits every month, no card needed, to unlock the full tech & app stack, funding history, and valuations.
Funding History
Jun 2024
Sign up to see all 3 events
Funding: Seed through Series A. Amounts, valuations, and investors where available.
Investors
Similar Companies
Anduril Industries is a defense technology company with a mission to transform US and allied mili...
SpaceX designs, builds and launches advanced, reusable rockets and spacecraft with the goal of ma...
Shield AI builds AI pilots and autonomous aircraft systems that help defense customers deploy int...
Helsing builds AI-enabled autonomous systems and precision-mass capabilities, partnering with gov...
Appears in
Your company? Embed this profile
Add the live badge to your site — it stays current as your funding data updates.
<a href="https://indexed.vc/companies/formic"><img src="https://indexed.vc/api/badge/company/formic" alt="Formic on Indexed.vc" width="260" height="76" /></a>