About Formic
Formic Technologies is at the forefront of revolutionizing the manufacturing industry by implementing a comprehensive automation solution known as Robots-as-a-Service (RaaS). Founded in September 2020, Formic has a vision to help companies across various sectors, including food, beverage, chemicals, and consumer packaged goods, enhance their productivity through innovative robotic technologies. With an impressive team boasting over 150 years of combined experience in automation, they provide tailored solutions that facilitate the deployment of robotic systems with minimal disruption.
Formic’s automated solutions encompass packing and palletizing services, which enable manufacturers to transition from manual processes to fully automated systems. The company's rental program offers flexibility and cost-effectiveness by allowing clients to utilize advanced robotic solutions without the burden of hefty upfront capital investments. Through a flat monthly fee, Formic ensures 24/7 technical support and maintenance, eliminating the stress associated with ownership. Their approach not only democratizes access to cutting-edge automation technology but also incentivizes success—Formic has "skin in the game," meaning their revenues are tied directly to the operational success of the systems they deploy.
FAQs
- When was Formic founded?
- Formic was founded in 2020.
- Who is the CEO of Formic?
- Saman Farid is the CEO.
- What industries or markets does Formic operate in?
- Formic operates in the following markets: Robotics, Automation, Manufacturing, Robots as a Service (RaaS), Food and Beverage, Consumer Packaged Goods, Industrial Automation, Packaging Solutions, Supply Chain Optimization, and Technology Rental Services.
- How many employees does Formic have?
- Formic has 51-200 employees.
- Where does Formic have employees?
- Formic has employees in United States.
- Is Formic hiring?
- Yes, Formic has 9 open remote jobs.
- Does Formic support remote work or working from home?
- Yes, Formic is a remote-friendly company.
- Does Formic offer a four-day work week?
- No, Formic does not offer a four-day work week.
- Is Formic transparent about salaries?
- Yes, Formic practices salary transparency, often including salary or compensation ranges in their job posts. They provide salary data for 7 roles.
- What is Formic's website?
- Formic's website is formic.co.
United States
