Position in SVTR
Snapshot 2026-10-26- Startup SignalsTop 50%↓2
- RoboticsRankedof 186
- AutomationTop 50%
About
Formic, founded in 2020 in Chicago, USA, provides manufacturers with subscription-based robotics services, including installation, maintenance, and operations.
Full tier & rationale — an SVTR Intelligence benefit
Capital graph
Company· 12
Investor· 10
Founders / team· 2
Funding history
- 2026-10-22Equity + Debt$50M
Investors · Mercato Partners, Light Ray Ventures, Lightscape Partners, CitiSource · businesswire.com ↗
- 2024-06Series A$25M
Investors · NEC, Translink Capital, Lorimer Ventures, Lux Capital, FJ Labs, Alumni Ventures, Initialized Capital, Mitsubishi HC Capital America, Blackhorn VenturesSource · SVTR Weekly #059
Comparable companies· by market
This company
BusinessLatest roundTotal raisedDate- Formic
Subscription-based robotics services for manufacturers, including installation, maintenance and operation.
Equity + Debt · $25M · 2026-10
$25M
United States
BusinessLatest roundTotal raisedDate- Ultra
Robotics-as-a-Service (RaaS) for 3PL/e-commerce warehouses: multipurpose robot OP1 rented monthly for packing, sorting, kitting and returns processing, with AI from Physical Intelligence
Series A · $62M · 2026-10
$62M - GrayMatter
AI-powered robotic systems that automate surface finishing tasks
Series B · $45M · 2024-06
$45M - Robust.AI
Collaborative mobile robot Carter plus software and services for material handling in warehouse fulfillment centers and factories; customers include DHL Supply Chain, Saddle Creek Logistics and O'Neill Logistics; addresses frontline labor shortages, low manual handling efficiency and human-robot collaboration safety.
$42M
$42M
China
BusinessLatest roundTotal raisedDate- 橡鹿机器人
美膳狮 smart stir-fry robots and cloud recipe management platform for kitchens at restaurant chains, hotels and institutional catering operations
Undisclosed · $69M · 2026-04
$69M - AIForce
Agricultural robots and smart farm machinery: autonomous operation systems, new-energy smart machines, embodied AI agricultural robots and smart implements for round-the-clock, automated, precision operation.
Series B · $14M · 2026-07
$14M - 格物通智
Embodied brain and physical world model for dexterous robot manipulation in industrial settings.
Angel · 2026-10
—
Europe
BusinessLatest roundTotal raisedDateOther / unspecified
BusinessLatest roundTotal raisedDate- Nomagic
AI-driven robotic arms that automate repetitive warehouse tasks such as picking, packing and sorting items
Series B · $44M · 2025-03
$44M - Bluewhite
Automation robots that retrofit onto any tractor for autonomous operation
Series C · $39M · 2024-01
$39M - Intuition Robotics
AI-based companion robots for lonely older adults
Undisclosed · $25M · 2023-09
$25M
Confirmed rounds only. Matched on subsector, sector, stage and funding scale — each verifiable on the company profiles.
Investors that may fit
Ranked by each firm’s deals in this sector over the last 24 months, weighted by nearby stage and shared geography. Indicative only — no rating judgment.