Formic, founded in 2020 and based in the United States, provides Robotics-as-a-Service (RaaS) to the manufacturing sector. The company delivers fully managed robotic systems for case packing and palletizing operations under a model requiring $0 in capital expenditure from the client. This approach aims to make industrial automation accessible to a broader range of American manufacturers.
The company's systems have been adopted in over 100 facilities, accumulating nearly 500,000 production hours. Formic has secured over $60 million in funding to support its operations and was named a Technology Pioneer by the World Economic Forum.
