Formic
PrivateLast Round
Strategic
Oct 22, 2024
Est. Valuation
$127.4M
Total Funding Raised
$59.13M
Momentum
Top 10%
of companies Caplight tracks
Company Overview
Formic is a robotics company that provides full-service automation for U.S. manufacturers through a Robotics-as-a-Service (RaaS) model, allowing factories to deploy robotic systems without upfront capital investment.
Sector
Frontier & Industrial Tech
Verticals
Industrial Robotics, Warehouse Automation, Smart Manufacturing, Supply Chain
Business Model
B2B
Customer Profile
Hardware + Subscription, Services & Consulting, Usage-Based SaaS
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Formic Comparables
Compare Formic with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Tutor Intelligence | 88% | |
| RIOS Intelligent Machines, Inc. | 81% | |
| RobCo | 80% |
Formic Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Strategic | Oct 22, 2024 | ||||
| Series A Extension | Jun 25, 2024 | ||||
| Series A | Jan 18, 2022 | ||||
| Seed | Mar 26, 2021 |
Key People
Founding team and executive leadership
Formic Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| TransLink Capital | Series A Extension |
| New Energy Capital | Series A Extension |
| Cerity Partners Ventures | Seed |
| SNR | Seed |
| Lux Capital | Seed, Series A Extension, Series A |
| Mitsubishi HC Capital America | Series A Extension, Series A |
| Blackhorn Ventures | Series A, Series A Extension |
Market signals
Structured signals derived from secondary market and firmographic data.
- Aug 21, 2026
Grew 16% QoQ, from 105 to 122 employees.
- Aug 20, 2026
Monthly visitors increased 35% MoM, reaching 24.3K.
Recent news
Latest coverage and updates
- attends_eventOct 12, 2026
Formic Technologies Inc. hosts Robots on the Rocks at its Emeryville space during SF Tech Week in California on Oct 8th '26, with Lorimer Ventures, Improbability VC, and Blackhorn Ventures.
- expands_facilitiesAug 26, 2026
Formic Technologies Inc. expanded facilities to Oakland, California, United States, Northern America, Americas on Aug 19th '26.
- is_developingAug 3, 2026
Formic Technologies Inc. is developing humanoid robots.
- expands_facilitiesAug 3, 2026
Formic Technologies Inc. expands facilities to California, United States, Northern America, Americas.
Formic Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessFrequently Asked Questions
Common questions about Formic's valuation, stock price, and market status.
Is Formic a public or private company?
Formic is a private company.
What is the current stock price of Formic?
Formic is a private company, so its shares have no public market price. Caplight tracks Formic's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Formic worth (valuation)?
Formic's valuation is estimated at $127.4M based on funding round data.
Can I buy Formic stock?
Formic shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Formic's last funding round?
Formic's most recent funding round was Strategic on October 22, 2024.
Who are the main investors in Formic?
Key investors in Formic include Lux Capital, Blackhorn Ventures, Initialized Capital Management.
Will Formic IPO soon?
No public IPO plans have been announced for Formic.
How can I track Formic secondary market activity?
Caplight tracks bids, offers, and trades in Formic's shares on secondary markets.