Formic Technologies Raises Series A Funding to Offer Robotics as a Service to Manufacturers
January 18, 2022
Formic Technologies, which is now valued at more than $100 million, said it will use its Series A funding to expand its pay-by-the-hour automation for U.S. manufacturers.
Polar Hardware Automates for the First Time With Formic Machine Tending Robot
November 22, 2021
Polar Hardware, which manufactures door and truck body hardware, struggled to meet production goals and has turned to Formic's robotics-as-a-service and collaborative robots.
Formic Offers Robotics as a Service and Financing to Manufacturers
August 30, 2021
With an hourly rate for robotics as a service, Formic says its financing and deployment offering can reduce customer risk and let manufacturers to more easily adopt robots.