Formic
[ACTIVE]Service & Cobot Robotics · HQ: Chicago, Illinois · Est. 2020 · 1 model registered · 1 deployments
As of Sep 2026, DEPLOY verifies Formic: 1 model, 1 deployment across 1 region, $27.4M raised. 1 source back the record.
Ownership
ACTIVE
Capital / Funding
see investors →
Headquarters
Chicago, Illinois
IP / Patents
Undisclosed
Platform Models
1
Audited Incidents
0
Overview
Formic is a robotics-as-a-service (RaaS) company providing collaborative robot solutions to mid-market CPG manufacturers on a subscription basis. Founded in 2020 by Saman Farid, Formic has raised over 0M in funding, with a 7.4M round led by Blackhorn Ventures. The company offers palletizing, case packing, and other industrial automation with no CapEx.
Clean safety record across 1 verified deployment. Meaningful press and media coverage across the period. Deployment footprint remains limited relative to category peers.
Key Facts
Safety & Regulatory Posture
No incidents on record for Formic.
Leadership & Founders
Current Program Leadership & Executives
CEO & Founder
Founding Team
cofounder
Partnerships & Commercial Deployments
Key Recurring Partners
Recent Verified Partnerships
- Partnership
MOST RECENT
Operator Customers & Fleet Integrators
Platform Models
Deployments
Sectors & Applications
FAQ
What is Formic?
Formic is a robotics-as-a-service (RaaS) company providing collaborative robot solutions to mid-market CPG manufacturers on a subscription basis. Founded in 2020 by Saman Farid, Formic has raised over 0M in funding, with a 7.4M round led by Blackhorn Ventures. The company offers palletizing, case packing, and other industrial automation with no CapEx.
What does Formic make?
Formic has 1 robot model on the DEPLOY registry: Formic Cobot RaaS (Formic builds both physical robots and the AI that runs them).
Who competes with Formic?
On the DEPLOY registry, peer companies to Formic building in the same form factors include Dobot, AUBO Robotics, DENSO Corporation, F&P Robotics.
Who is the CEO of Formic?
Saman Farid is the ceo of Formic, per the DEPLOY registry.
Where is Formic headquartered?
Formic is headquartered in Chicago, Illinois, USA.
How much funding has Formic raised?
Formic has raised approximately $27M in disclosed funding on record in the DEPLOY registry.
Where does Formic operate robots?
Formic operates 1 verified deployment, including at Chicago.
How many robots has Formic deployed?
DEPLOY has 1 verified Formic deployment on record at sites including Chicago. That is a count of distinct field deployments each backed by sourced evidence, not a manufacturer's claimed unit total; it updates as new sites are verified.
Is Formic a top robotics company?
On DEPLOY's intelligence score, which blends verified deployments, funding, hiring, media, safety, and IP signals, Formic ranks in roughly the top 19% of companies tracked by the registry.
When was Formic founded?
Formic was founded in 2020.
Is Formic safe?
Formic has no incidents on record in the DEPLOY registry. This does not constitute a safety guarantee; it reflects the incidents DEPLOY has tracked and verified to date.