Formic
PrivateLast Round
Strategic
Oct 22, 2024
Est. Valuation
$127.4M
Total Funding Raised
$59.13M
Momentum
Top 25%
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, Workflow Automation
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 | 86% | |
| RIOS Intelligent Machines, Inc. | 82% | |
| Taiga Robotics | 78% | |
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.
- Mar 8, 2026
Added Taylorfarms, a Food & Beverage company, as a customer.
- Feb 18, 2026
VP of Automation Engineering attended PACK EXPO East 2026.
Formic Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Formic's valuation, stock price, and market status.