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Formic Technologies

Chicago, US · Founded 2020 · Delaware corporation · 122 employees on LinkedIn · 15 known investors

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.

Also known as Formic · Formic Technologies, Inc.

Founders & leadership

Formic Technologies was founded in 2020 by Saman Farid and Misa I..

SFSaman Farid
Saman FaridinFounder & CEOFounder and CEO of Formic Technologies, which provides automation and robotics for factories through a Robotics-as-a-Service model aimed at small and medium-sized manufacturers.
MI
Misa I.inFounder

Board

GTGarry Tan
Garry Tanin𝕏Board directorPresident & CEO of Y Combinator

Investors · 15

Funding

SEC filings, press & company announcements

$5.2M disclosed across 1 of 2 rounds · 2020–2024

$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.

Company profile

researched Aug 2026

Formic is a Chicago-based provider of full-service robotic automation for U.S. manufacturers, focused today on consumer packaged goods and metal fabrication production lines. Its systems cover end-of-line and in-line tasks including vision-guided palletizing that adapts to product, pattern and pallet; case packing with top and side loading for rigid and flexible packages; machine tending for CNC mills, lathes and injection molders; automated pallet stretch wrapping; and autonomous mobile robots for pallet movement between dock, line, wrap and outbound staging, scaling from two to more than 30 units. A packaged offering, Formic Fast Track, bundles case erecting, packing, sealing and palletizing into a single connected end-of-line installation under one monthly fee.

The company positions its systems as delivered with zero capital expenditure, 24/7 support, an average lead time of 12 weeks, and reported customer operating-expense reductions of about 20%. Formic states it is expanding into expanded metal fabrication, autonomous quality inspection and humanoid robots in production during 2026 and 2027, and operates an early access program for frontier general-purpose robots deployed under the same service model.

Business model

Formic deploys and operates automation systems for manufacturers under a full-service model in which the customer pays a fixed monthly price rather than making a capital purchase. The company states it is incentivized only when systems are running, aligning payment with machine uptime, and includes scoping, installation, 24/7 support and ongoing capability upgrades in the service.

Recurring fixed monthly fees for deployed automation systems, presented as an operating-expense model with $0 capital expenditure required from the manufacturer and pricing that scales with growth and usage.

Traction

Public counters on the company's site report roughly 13 million items produced in a week, 99.30% uptime over the trailing 12 months, 645,520 hours of training data collected, and 893 worker injuries prevented year to date. Customers cited include Taffy Town, Georgia Nut and Masters Gallery.

Latest developments

Formic promotes live system demonstrations at IMTS (September 14-19) and PACK EXPO (October 18-21) in Chicago, and has opened an early access program for frontier general-purpose robots. It states that expanded metal fabrication capability, autonomous quality inspection and humanoid robots in production are planned for 2026 and 2027.

Full profile — market position, technology, go-to-market, geography

Market position

Formic frames its mission as making robotic automation accessible to every U.S. manufacturer, arguing that mid-market manufacturers should have access to the automation typically available to Fortune 500 companies. Its differentiation claims center on removing capital cost and integration risk from automation adoption.

No capital investment required, a single fixed monthly fee covering scoping, installation and support, payment tied to system uptime, an average 12-week lead time, and continuous over-the-air AI capability upgrades rather than static integrator-delivered equipment.

Technology

Formic's platform has two layers. Cortex is the AI layer, running perception, decision-making and continuous learning across cells, with fleet-wide vision models trained on in-line production cycles, anomaly detection, closed-loop learning and over-the-air policy and capability updates. Core is the execution layer, providing hard-real-time deterministic motion control and safety-rated stop and intervention paths that carry out Cortex's decisions on the floor. Applications built on this stack include vision-guided palletizing and case packing, machine tending, pallet wrapping and autonomous mobile robot material movement.

Go-to-market

Direct sales through consultative scoping with Formic engineers, supported by customer case studies, datasheets, brochures and business-case resources. The company exhibits running systems at industry trade shows including IMTS and PACK EXPO in Chicago, and offers an early access program for general-purpose robot deployments.

Mid-market U.S. manufacturers, particularly food and beverage and consumer packaged goods operators, as well as metal fabrication shops. Named customers include Taffy Town, Georgia Nut and Masters Gallery.

Geography

United States, with headquarters in Chicago and hiring described as Chicago plus remote U.S. roles across engineering, field service, customer success and operations.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Average lead timeJan 202512 weeks
Customer OpEx reductionJan 202520%
Hours of training dataJan 2025645,520 hours
Items produced per week (live counter)Jan 202512,988,053 items
Uptime (last 12 months)Jan 202599.3%
Worker injuries prevented (year to date)Jan 2025893 injuries

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 1

by search overlap

Companies competing with Formic Technologies for the same Google search keywords, organic and paid, via search-intersection analysis.

Legal entities · 1

corporate structure
Formic TechnologiesDelaware

In the news

Research sources · 1

primary sources listed

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Formic Technologies do?
Formic provides robotic automation to U.S. manufacturers on a fixed monthly fee with no capital investment.
Who founded Formic Technologies?
Formic Technologies was founded by Saman Farid, Misa I. in 2020.
Who are Formic Technologies's investors?
Formic Technologies's investors include Blackhorn Ventures, Blue Ivy Ventures, Carnrite Ventures, Chapter One, Correlation Ventures, Deep Acre, Evolution Ventures, Global Brain and 7 more.
How much funding has Formic Technologies raised?
Formic Technologies has disclosed $5.2M raised across 1 of its 2 known rounds.
Where is Formic Technologies headquartered?
Formic Technologies is headquartered in Chicago, US.