Formic

formic.co

Formic Technologies is a fast-growing venture-backed startup that simplifies automation deployments for labor-starved industries like food and beverage, advanced manufacturing, and consumer packaged goods. Their business model revolves around providing robotic automation as a service, allowing companies to rent robots with 24/7 support and maintenance for a flat monthly fee. This approach eliminates the financial barriers typically associated with automation, enabling clients to scale their operations quickly and efficiently. With over 500 systems deployed and a strong focus on customer success, Formic positions itself as a leader in democratizing access to robotics, ensuring operational success without the complexities of traditional automation investments.