Formic raised a $50M Series B, led by Mercato Partners, with an asset-backed facility from S2G Investments
Here’s what that capital is built on: → 100+ facilities across 30+ states → 99.6% fleet uptime → 97% customer renewal rate
Those numbers come from small and mid-sized manufacturers who make products for some of the biggest brands in the country. They run our robots on palletizing, case packing, pallet wrapping, and machine tending, on a flat monthly rate with no capital expense.
This round lets us deploy faster, expand the fleet, and bring more of the next generation of robotics, including humanoids, to plants that have historically been left out of automation.
https://lnkd.in/ef4RtHEZ
Why this matters for talent
Formic closed a 50 million dollar Series B led by Mercato Partners, with an asset backed facility from S2G Investments. Formic already carries 57 open roles on the board, and a raise of this size at a robotics as a service company usually funds expansion in field deployment, applications engineering, and sales roles over the following quarters. Candidates targeting industrial robotics should watch Formic's job postings closely in the near term.
Read the original LinkedIn post. Curated by Larry Sherwood Jr. from company announcements; analysis above is my own.