Fundraising Fox

Formic Technologies

Chicago, US · Founded 2020 · Delaware corporation · 13 known investors

formic.co ↗

Formic develops automation and robotics solutions for factories to increase production capacity and reliability while reducing costs, downtime, and safety risks. The company enables manufacturers to deploy automation without lengthy timelines or significant capital expenditure.

Advanced ManufacturingAI & Machine LearningRobotics

Founders & leadership

SF
Saman FaridFounder & CEO
GT
Garry TanDirector

Investors · 13

Blue Ivy VenturesBoston
Carnrite VenturesHouston
Chapter OneLos Angeles · $5K – $200K
Deep AcreFort Lauderdale
Evolution VenturesSan Francisco
Global BrainTokyo · $100K – $184M
Lorimer VenturesBrooklyn · $50K – $300K
One Planet GroupWalnut Creek
Safar PartnersCambridge
TransLink CapitalSilicon Valley · $1M – $5M
Correlation VenturesreportedSan Francisco · $100K – $4M
Initialized CapitalreportedSan Francisco · $1M – $5M
Lux CapitalreportedNew York · $100K – $100M

Reported raises · per SEC filings

Form D private placements
▶$5.2MraisedMar 2021 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Garry TanDirector
  • Saman Amirkia FaridExecutive Officer, Director
Offering amount
$5.2M
Amount sold
$5.2M
First sale
Sep 2020
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

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