Formic Technologies
Highly Engaged Employees
Highly Engaged EmployeesOther Rental Stores (Furniture, A/V, Construction & Industrial Equipment) · Illinois, United States · 51-200 Employees
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Overview
Headquarters
445 W Erie St Ste 101, Chicago, Illinois...Phone Number
(855) 394-5464Website
www.formic.coRevenue
$16.3 MillionIndustry
ZI Rank: 2
Signal Type
Dec
Jan
Feb
Mar
Apr
May
ZI Rank
4
2
2
1
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2
About Formic Technologies
Founded in September of 2020, Formic is a one-stop-shop for automation. The Chicago-based "Robotics-as-a-Service" company delivers customized robots at a low hourly rate with no money upfront and guaranteed uptime. Its full service includes everything from planning, deployment, to maintenance, all in an easy, no-risk fashion.Explore more
Formic Technologies Org Chart
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Type
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Founded In
Company Profile Activity
Activity Insights
Formic Technologies is experiencing very low activity levels compared to other companies in the Retail sector.
What does this means?
Formic Technologies is drawing exceptional interest within the Retail industry, suggesting notable developments or strong market momentum, learn more about Formic Technologies.
Formic Technologies financials insights
Gather financial insights about Formic Technologies, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2022
Series A
$26.5M
2024
Series A
$27.4M
Formic Technologies Tech Stack
A closer look at the technologies used by Formic Technologies
Most Recent Scoops
Open Position
Open Position
Hiring Plans
Formic Technologies has more open roles in Operations than it has had at any time in the past 9 months. Technologies mentioned include: Remote, and Route. Areas of expertise include: Salesforce, Manufacturing Operations, Escalation Procedures, Dispatching, Startup Management, and Customer Support.
Hiring Plans
Open Position
Open Position
Formic Technologies News & Media
Formic Joins New American Industrial Alliance, Working Alongside Palantir, Dirac, and More to Restore U.S. Manufacturing Capacity
CHICAGO--(BUSINESS WIRE)--Formic joins the NAIA to further its mission to revitalize the U.S. manufacturing sector through more accessible automation.Land O'Frost Reduces Daily Labor Expenses by 20% While Upskilling Its Workforce with ...
Formic, a Robots-as-a-Service (RaaS) automation provider for U.S. manufacturers, deployed five gantry-style palletizing robots at Land O’Frost’s LansiLand O'Frost Reduces Daily Labor Expenses by 20% While Upskilling Its Workforce with Formic Robots
CHICAGO--(BUSINESS WIRE)--Formic, a Robots-as-a-Service (RaaS) automation provider for U.S. manufacturers, deployed five gantry-style palletizing robots at Land O’Frost’s Lansing, Illinois, manufacturing facility, saving them 20% on labor-related OpEx daily and transitioning employees from manually stacking boxes onto pallets to being robot operators. Formic’s Full Service Palletizer Rental program optimized end-of-line production, increasing safety and production while bolstering employee skilFormic Continues To Accelerate Robot Usage Growth in 2024 with 200k Production Hours, Celebrates with First Automation Community Event
CHICAGO--(BUSINESS WIRE)--Formic, a Robots-as-a-Service (RaaS) automation provider for U.S. manufacturers, announced that the company surpassed 200,000 production hours, that means Formic is delivering the equivalent of 5 months of human labor every single business day with its fleet of robotic automation equipment. To celebrate, the company is hosting its first Formic Automation Community event on January 23, 2025, at Formic headquarters in partnership with Chicagoland Food & Beverage Netw
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Frequently Asked Questions Regarding Formic Technologies
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Founded in September of 2020, Formic is a one-stop-shop for automation. The Chicago-based "Robotics-as-a-Service" company delivers customized robots at a low hourly rate with no money upfront and guaranteed uptime. Its full service includes everything from planning, deployment, to maintenance, all in an easy, no-risk fashion.... Read More
