Industry & Manufacturing Robotics3 min reading time

Formic raises $50M to bring general-purpose robots to US factories

The Next WebPublished 2 days ago

Formic, a Chicago-based robotics company, raised $50M to develop general-purpose robots for US factories, expanding beyond task-specific machines. It currently operates hundreds of robots across 100+ facilities, offering Robot-as-a-Service with high uptime and customer retention.

#factory-automation #formic #lux-capital #mercato-partners #physical-intelligence #s2g-investments

Formic raises $50M to bring general-purpose robots to US factories

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