Formic Raises $27.4M to Expand Robotic Automation Solutions

Formic Raises $27.4M in Series A Funding

Formic secures $27.4M in Series A Funding

Formic (Linkedin), a leading provider of robotic automation solutions for U.S. manufacturers, has raised $27.4 million in Series A funding. With this investment, Formic aims to expand its equipment fleet, increase support experts, and enhance its robotic automation software.

Funding Amount: $27.4 million

Industry: Automation Machinery Manufacturing

Employee Count: 51-200

CEO: Saman Farid (CEO Linkedin)

What Formic needs to buy: Formic is seeking partnerships with companies specializing in robotic equipment, support and maintenance services, and software development. These collaborations will help Formic expand its fleet, provide comprehensive support to manufacturers, and enhance its automation software with advanced AI capabilities.

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