Formic is a Chicago-based robotics company building the commercialization platform for physical AI. Through a Robot-as-a-Service model it combines robotic equipment, deployment software, field operations, maintenance, financing and performance monitoring into one recurring monthly payment, letting manufacturers automate palletizing, case packing, machine tending and similar tasks with no upfront capital investment. Its fleet operates across more than 100 facilities in over 30 US states, and the company is expanding from task-specific automation into general-purpose robotics for industries spanning food and beverage, consumer packaged goods, aerospace, defense and energy.
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Oct 22, 2026
Latest raise
Funding activity · 1 round
Oct 22, 2026
$50M
Series B
Led by Mercato Partners
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