The verified answer
As of Oct 2026, DEPLOY verifies Formic: 1 model, 1 deployment across 1 region, $27.4M raised. 1 source back the record.
Appears inManufacturing robots
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.
Verified record
- Verified deployments
- 1 deployment on file
- Active incidents
- None on file
Key facts
Focus
Technology
Business Model
CEO & Founder
Total fundingsee investors →
Key round
Business model
VP Product
Oakland facility
Humanoid pilots
Data & sources
Web sources
1
1 source backing this record.View all →
Models (1)
View all models →Partnerships
Every company Formic has built with, alongside the ones only announced in a press release.
Most-frequent partners
- 1Robot.com1× joint4 total
Most recent
- Robot.com x Formic2026-06-22with Robot.comjust announced
Formic on the deployment map
View the global map1 verified deployment across 1 region, newest verified Jun 2024. Explore where Formic's robots are operating, by place and type.
View the full Formic deployment record →
Relationships
Current leadership (1)
- Saman Farid CEO & Founderreported, not verified
Founders (1)
- Saman Faridcofounder
Safety record
No incidents on record for Formic.
Only active incidents are counted. Retracted incidents are excluded from this summary but remain reachable at their canonical URLs.
Full safety record: incidents, sourcing, and exposure data →
Operator customers (1)
- Formic1 deployment
Recent coverage
Formic in third-party press
Peers
21 peers across 1 segment. Every Formic competitor derived from shared form-factor and application-domain edges.
cobot(21)
19 companies in this segment · moderately_concentrated (HHI 2089.586283779087) · leader Doosan Robotics at 2849%
- AUBO Roboticsdirect competitor(inferred)strong
- Agile Robotsdirect competitor(inferred)strong
- DENSO Roboticsdirect competitor(inferred)strong
- Dobotdirect competitor(inferred)strong
- Doosan Roboticsdirect competitor(inferred)strong
- ELITE Roboticsdirect competitor(inferred)strong
Mentioned on (4)
Registry pages whose text names Formic.
Companies (3)
People (1)
Supplied by (3)
Mechanical / contract manufacturing
- KUKA AGvia Formic Cobot RaaSKUKA collaborative and industrial robot arms -- Formic Core OS runs across KUKA robot systems deployed in customer facilities; Formic owns/operates hardware under RaaS modelsupplies
- ABB Roboticsvia Formic Cobot RaaSABB collaborative and industrial robot arms -- Formic Core OS runs across ABB robot systems deployed in customer facilities; Formic owns/operates hardware under RaaS modelsupplies
- FANUC Corporationvia Formic Cobot RaaSFANUC collaborative and industrial robot arms -- Formic Core OS runs across FANUC robot systems deployed in customer facilities; Formic owns/operates hardware under RaaS modelsupplies
Inbound supply edges feeding this company directly or via the models it owns. Same source bar as the outbound view (verified against at least two strong sources).
Financial state
- Total funding
- $27.4M
Each numeric field carries its own basis marker. Aggregators report a number; this surface preserves the source class so verification depth travels with the value.
Partnerships
1 total · 1 just announced
Every company Formic has built with, alongside the ones only announced in a press release.
Most recent
- Robot.com x Formic2026-06-22with Robot.comjust announced
Most-frequent partners
- 1Robot.com1× joint4 total
Funding rounds (1)
- Other2024-06-26
$27M(reported)
Investors: Blackhorn Ventures (lead)
Timeline
Every recorded move in Formic’s history, most recent first: funding rounds, partnerships, acquisitions, supply-chain starts, key hires, and press.
Funding roundOther funding round
2024-01-01Other raising $27400000
Recent activity
Every change to this record is dated, sourced, and independently verified where marked.
- Verified media addedVerifiedJun 11, 2026
How Formic's Pay-for-Productivity Robotics Works
- Record createdJun 8, 2026
Added to the verified registry
- Deployment verifiedVerifiedJun 1, 2024
Formic Cobot RaaS at Chicago
Sources (1)
Common questions
What is Formic?
What does Formic make?
Is Formic publicly traded?
Who competes with Formic?
Who is the CEO of Formic?
How can I invest in Formic?
Where is Formic headquartered?
How much funding has Formic raised?
Who owns Formic?
Where does Formic operate robots?
How many robots has Formic deployed?
Is Formic a top robotics company?
When was Formic founded?
Is Formic safe?
Methodology: Verified · 1 source (no primary) · last reviewed 2026-10-10
Verification posture
Verified
Low confidence
Review state
Stable
Last reviewed 2026-10-10
Sources by quality tier
- 1
- unclassified
- Unclassified source
The framework is documented at /methodology. Corrections at /corrections. Reviewer: DEPLOY editorial team.
Methodology surface for Formic.Peer companies
- Dobot6 models
- ABB3 models
- DENSO Corporation3 models
- KUKA AG3 models
- AUBO Robotics2 models
- Agile Robots2 models
In the press
Recent coverage mentioning Formic from third-party publications. Automatically surfaced; not part of the verified registry record.
Formic Opens Oakland Facility for Humanoid Robots
Formic has opened a 13,000-square-foot facility in Oakland, California, that will serve as its first West Coast location and support the company’s expansion into humanoid robotics…
Formic secures Oakland facility to develop humanoid robots
Formic, known for renting robots to manufacturers, secured an Oakland facility for humanoid robot development.
Our Investment in Formic: Making Automation Accessible
Blackhorn Ventures led a 7.4M funding round in Formic, the robotics-as-a-service platform for mid-market CPG manufacturers.
Machine-readable surfaces
- Markdown mirror: /companies/formic.md
- RSS feed: /companies/formic/feed.xml
- JSON-LD: embedded in this page’s head
- REST API: /v1/companies/bfce44ff-a929-4f2b-b9b1-817fcbd6dfa9
- Revision history: /companies/formic/history
- Data documentation: /data
- Query this programmatically: Deploy MCP
Peer companies
- Dobot6 models
- ABB3 models
- DENSO Corporation3 models
- KUKA AG3 models
- AUBO Robotics2 models
- Agile Robots2 models
Video
As AI and robotics reshape the economy, Humanoid Global (CSE: ROBO | OTC: RBOHF | FRA: 0XM1) and Formic are making their mark in the field. Humanoid Global Holdings Corp. CEO Shahab Samimi and Formic CEO Saman Farid dis
On April 30, 2025, we hosted a Formic Automation Community event at Land O'Frost in Lansing, IL. Land O’Frost (LOF), an 80-year-old manufacturer of deli meats a
Formic delivers Full Service Automation in case packing and palletizing for Food, Beverage, and CPG companies. This includes performance SLAs, 24/7 technical su
Formic's Automate NOW program: Month-to-month agreements, full operational support, and $0 upfront investment make shifting from manual case stacking to automat
Season 3, Episode 9 View the Transcript: https://www.s2ginvestments.com/insights/podcast-saman-farid#transcript From CapEx to OpEx: The Hardware-as-a-Service
See how Chicagoland CPG business leaders learned to improve throughput, end temp labor headaches, and reduce operational costs with Formic, Chicagoland Food &
With Saman Farid, founder and CEO of Formic. Full interview: https://www.youtube.com/watch?v=_jge9ihYnqg&t=1s
Formic - Robots as a Service: Talk Shop With Kyle Featuring Misa Ilkhechi Talk Shop is a series by Kyle Milan of MFG Tribe, having conversations with the movers
On August 8, Mariani Packing hosted a Formic Automation Community event. Industry leaders toured the facility and saw Formic’s robotic palletizers in action, d
Formic opened the doors to its new 53,000-square-foot headquarters in Bolingbrook, IL, its largest facility yet and five times the size of its previous space. W
Mi Rancho produces authentic Mexican tortillas, chips, and salsas. With zero capital investment and zero previous robotics experience, they partnered with Formi
In Episode 7, we speak with Saman Farid, Co-founder and CEO of Formic. Formic is a Robots as a Service (RaaS) company that owns, deploys, and manages robot fl
On March 26, Formic hosted its latest Automation Community event at Wyandot Snacks' production facility in Marion, Ohio. Food, beverage, and CPG manufacturers f
Heat Index
Category contender77/100
A composite of competitive footprint, funding, press velocity, active partnerships, and supply-chain edges. Different from the Intelligence score below (which is per-form-factor productization). Non-robotics companies cap at 25.
Reality vs attention
Formic draws attention at the 73rd percentile but verifies reality at the 13th percentile among cobot robots. Hype Gap +60.9, 2nd widest among cobot robots.
6-month trend
Analysis
Clean safety record across 1 verified deployment. Deployment footprint remains limited relative to category peers.
Signal flags
Dimension breakdown
Verified signal
Attention (reach, not merit)
DEPLOY Intelligence scores are computed from verified registry data: confirmed deployments, disclosed funding rounds, regulatory filings, active job listings, video viewership, and press coverage. Confidence ratings reflect data availability. Scores update nightly.
DEPLOY Indices — verified vs claimed
Last computed: Oct 21, 2026