# Formic Raises $50M for Factory Robots

> Formic secures $50 million to deploy general-purpose robots across factory floors.
- Title: Formic Raises $50M for Factory Robots · RuntimeWire | Shortify
- Summary: Formic secures $50 million to deploy general-purpose robots across factory floors. Formic raised $50 million in Series B funding to expand from task-specific…
- Keywords: formic, series b, general-purpose robotics, factory automation, mercato partners, light ray ventures, lightscape partners, citi, s2g investments, technology, Raises, 50M
- Source: RuntimeWire — https://runtimewire.com/article/formic-raises-50-million-general-purpose-robotics
- Author: RuntimeWire
- Published: 2026-10-22T22:10:33.074+00:00
- Read time: 1 min
- Topics: formic, series b, general-purpose robotics, factory automation, mercato partners, light ray ventures, lightscape partners, citi, s2g investments, technology, ai
## Formic Raises $50M
Formic raised $50 million on October 22nd to expand from task-specific factory automation into general-purpose robotics.
## Series B Led by Mercato Partners
The Series B was led by Mercato Partners, with Light Ray Ventures, Lightscape Partners, Citi and other investors participating; S2G Investments provided debt financing.
## Funding for Factory Deployments
The $50 million package funds Formic's move toward broader robotics applications in factory settings.
## Key takeaway

Formic raised $50 million in Series B funding to expand from task-specific to general-purpose robotics in factories.