# Formic Raises $50m For U.S. Manufacturing Robotics

> Formic secures $50m to scale physical AI and general-purpose robotics across American factories.
- Title: Formic Raises $50m For U.S. Manufacturing Robotics · Pulse 2.0
- Summary: Formic secures $50m to scale physical AI and general-purpose robotics across American factories. Formic raised $50 million to expand physical AI and…
- Keywords: formic, physical ai, general-purpose robotics, u.s. manufacturing, robot-as-a-service, mercato partners, s2g investments, startups, business, Raises, 50m, Manufacturing
- Source: Pulse 2.0 — https://pulse2.com/formic-raises-50-million-to-expand-physical-ai-and-general-purpose-robotics-across-u-s-manufacturing
- Author: Amit Chowdhry
- Published: 2026-10-23T16:33:23+00:00
- Read time: 1 min
- Topics: formic, physical ai, general-purpose robotics, u.s. manufacturing, robot-as-a-service, mercato partners, s2g investments, startups, business
## 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.
## Key takeaway

Formic raised $50 million to expand physical AI and general-purpose robotics in U.S. manufacturing, targeting complex tasks without requiring factory infrastructure.