From Pulse 2.0 · Amit Chowdhry · · 1m 10s
Formic Raises $50m For U.S. Manufacturing Robotics
Formic secures $50m to scale physical AI and general-purpose robotics across American factories.
In brief
Formic secures $50m to scale physical AI and general-purpose robotics across American factories. Formic raised $50 million to expand physical AI and general-purpose robotics in U.S. manufacturing, targeting complex tasks without requiring factory infrastructure. Originally reported by Pulse 2.0.
Formic Raises $50m
Formic has raised $50 million in growth capital to expand its physical AI platform and accelerate its move from task-specific industrial automation into general-purpose robotics.
Series B Led By Mercato
The financing includes a Series B led by Mercato Partners, with participation from Light Ray Ventures, Lightscape Partners, Citi, and other new and existing investors.
Robot-as-a-Service Model
Formic provides robotics to manufacturers through a Robot-as-a-Service model that combines equipment, deployment software, field operations, maintenance, financing, and performance monitoring into a recurring monthly payment.
750,000 Hours Experience
The company operates hundreds of robots across more than 100 facilities in over 30 states and has accumulated more than 750,000 hours of live production experience.
99.6% Uptime
Formic said its fleet currently operates at 99.6% uptime, while 97% of customers renew.
What it means
Formic raised $50 million to expand physical AI and general-purpose robotics in U.S. manufacturing, targeting complex tasks without requiring factory infrastructure.
