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Formic Technologies
Formic is the commercialization platform for physical AI, delivering robotic automation to US manufacturers through a robots-as-a-service model with no upfront capital.
What they build
Robots-as-a-Service, Physical AI deployment platform
Funding history
| Date | Round | Amount | Lead investor(s) | Source |
|---|---|---|---|---|
| Oct 22, 2026 | Series B | $50M | Mercato Partners | Story |
Coverage by The Robot Daily (2)
- Nov 2, 2026Formic raises $50 million to scale physical AI across US manufacturing — The Robot Daily
- Oct 14, 2026Physical Intelligence opens Pi API beta, takes robot brains to factory floors — The Robot Daily
Source: The Robot Daily reporting, company announcements and company websites. Funding figures as reported.