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Formic

Formic

Provides robotic automation and palletizing solutions

About

Formic specializes in robotic automation solutions, offering robot palletizers, robotic case packing, machine operators, and welding solutions. Their cutting-edge robot fleet is designed to empower factories to pack goods and stack onto pallets with confidence, savings, and simplicity, catering to a wide array of products from food items to specialty chemicals and hardware fasteners.

Company Stage

Series A

Employees

51-200

Industries

Robotics & Automation, Hardware, Industrial & Manufacturing

Total Funding

$237.1M

Headquarters

N/A

Founded

2020


Growth & Insights
Headcount

6 month growth

-6%

1 year growth

-29%

2 year growth

9%

Benefits

99% coverage for Medical, dental, & vision insurance plans (75% coverage for dependents)

Life insurance, Short Term Disability, & Long Term Disability plans

Employee Assistance Program

Paid parental leave

Equity

Company-sponsored 401k

$2,000 Home office allowance

Monthly phone & internet reimbursement

Flexible time off policy and 10+ company holidays

Bi-annual all-company retreats

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