Formic
PrivateLast Round
Series B
Oct 22, 2026
Est. Valuation
$127.4M
Total Funding Raised
$199.13M
Momentum
Top 5%
of companies Caplight tracks
Company Overview
Formic operates in Frontier & Industrial Tech and is based in Chicago, Illinois. Its latest recorded funding round was a Series B round in October 2026.
Formic is a robotics company that provides full-service automation for U.S. manufacturers through a Robotics-as-a-Service (RaaS) model, allowing factories to deploy robotic systems without upfront capital investment.
Sector
Frontier & Industrial Tech
Verticals
Industrial Robotics, Warehouse Automation, Smart Manufacturing, Workflow Automation
Business Model
B2B
Customer Profile
Usage-Based SaaS, Subscription SaaS
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Formic Comparables
Compare Formic with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Tutor Intelligence | 86% | |
| RIOS Intelligent Machines, Inc. | 84% | |
| Theker Robotics | 79% |
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Formic Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Oct 22, 2026 | ||||
| Strategic | Oct 22, 2024 | ||||
| Series A Extension | Jun 25, 2024 | ||||
| Series A | Jan 18, 2022 | ||||
| Debt | Jan 18, 2022 | ||||
Seed | Mar 26, 2021 |
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Key People
Founding team and executive leadership
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Formic Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Light Ray Ventures | Series B |
| TransLink Capital | Series A Extension |
| Citi Ventures | Series B |
| Mercato Partners | Series B |
| New Energy Capital | Series A Extension |
| Gaingels | Series A |
| Cerity Partners Ventures | Seed |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Oct 22, 2026
Raised $50M led by Mercato Partners
- Aug 21, 2026
Grew 16% QoQ, from 105 to 122 employees.
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Formic Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Formic's valuation, stock price, and market status.
Is Formic a public or private company?
Formic is a private company.
What is the current stock price of Formic?
Formic is a private company, so its shares have no public market price. Caplight tracks Formic's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Formic worth (valuation)?
Formic's valuation is estimated at $127.4M based on funding round data.
Can I buy Formic stock?
Formic shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Formic's last funding round?
Formic's most recent funding round was Series B on October 22, 2026.
Who are the main investors in Formic?
Key investors in Formic include Mercato Partners, Lux Capital, Blackhorn Ventures, Initialized Capital Management.
Will Formic IPO soon?
No public IPO plans have been announced for Formic.
How can I track Formic secondary market activity?
Caplight tracks bids, offers, and trades in Formic's shares on secondary markets.