Formic
formic.co
Actively hiring
Industrial Automation
Industrial Robotics
As featured in
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Overview
News
Technologies
Salaries
Products
People
Growth
Offices
Jobs
Financials
Funding and backers
Total raised
$32.6M
2 rounds on record
Latest round
$27.4M
Series A · Jun 2024 · 2 yr ago
Team
201-500
employees, estimated range
Hiring now
37
+3 posted in 30 days
Backers
6
S2G Investments, Blackhorn Ventures
The money's age
Long since its last round
27 months since the last round · and hiring
Momentum
28/100
hiring for its size, a new city, in the news
Last sign of life
this month
a posting or a news item
The story so fareach stage dated by its source: the company's releases, the press, registers, filings
Mar 20, 2025
Partnership Formic Joins New American Industrial Alliance, Working Alongside Palantir, Dirac, and More to Restore U.S. Manufacturing Capacity · businesswire
Jun 25, 2024
Raised a round Series A $27.4M · businesswire
Sep 22, 2020
Raised a round Venture round $5.2M · SEC Form D
2020
Founded
Tractionpublic signals, read monthly
Web presence
top 6%
of 133.2M domains by links, Common Crawl
Funding rounds
| Round | Date | Amount | Investors | Source |
|---|---|---|---|---|
| Series A | Jun 2024 | $27.4M | — | businesswire |
| Venture round | Sep 2020 | $5.2M | — | SEC Form D |
Registers and programsofficial lists and records that name the company
| Legal entity | Formic Technologies, Inc. | SEC Form D |
Founders and leadersfrom filings, registers and the company's site
Saman FaridExecutive Officer, DirectorSEC Form D
Backed byfrom the funds' portfolios and accelerator catalogs
S2G Investments 
Blackhorn Ventures 
Global Brain 
Initialized Capital 
Lorimer Ventures 
TransLink Capital Investors in similar startupsfunds that back the companies most like this one
Similar startupsby what they do, their industry and backers
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Overview
Formic deploys industrial robots to small manufacturers on an hourly rate rather than a capital purchase. Founded in 2020 in Chicago, it monitors every deployed system remotely and uses the data to improve uptime, and it hires mechanical engineers and operations staff. The company is headquartered in Chicago, Illinois, United States.
News
SunSirs: The Price of Formic Acid Was Initially Stable Before Rising, Subsequently Holding Steady at a High Level in Early September
According to the commodity market analysis system of SunSirs, the domestic formic acid market in early September exhibited a phased
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Report
Formic Opens Oakland Facility, Anchoring Humanoid and Physical AI Expansion in the Bay Area Alongside Tesla and Amazon
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Report
Formic Opens 53,000-Square-Foot Chicagoland Headquarters to Meet Growing Demand for Its AI-Powered Robotic Automation
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Report
The New York Times Aug 25, 2025 Rented robots get the worst jobs, and help factories keep the humans Read
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Report
Formic Joins New American Industrial Alliance, Working Alongside Palantir, Dirac, and More to Restore U.S. Manufacturing Capacity
Formic joins the NAIA to further its mission to revitalize the U.S. manufacturing sector through more accessible automation.
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Report
Formic surpasses 200,000 production hours
Formic, a RaaS provider, exceeds 200,000 production hours, equating to 5 months of human labor daily. This milestone highlights growing automation demand.
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Report
Formic Raises $27.4 Million to Bring Automation to More Manufacturers
Formic, a provider of Robots-as-a-Service (RaaS) automation for U.S. manufacturers, today announced it has raised another $27.4 million in Series A financing...
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Report
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Tech stack
Technologies named in job postings at Formic over the last 12 months, by layer, with the share of postings for each.
Technologies in use
14
Postings analysed
12
Stack modernity
81/100AI adopter
Cloud & platforms
OpenAI33%
Windows8%
GitHub8%
AI & ML
Claude33%
ChatGPT8%
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Full Formic tech stack
14 technologies · by team · pay by technology · changes · similar stacks
Salary insights
Compensation ranges based on this company's open jobs
Median
$133k
Typical range
$64k – $160k
Open positions
32
26
Jobs
Junior
26.9%
Middle
42.3%
Senior
11.5%
Staff
19.2%
| Level | Jobs | Median | Typical range |
|---|---|---|---|
| Junior | 7 | $64k | $64k |
| Middle | 11 | $150k | $64k – $160k |
| Senior | 3 | $150k | $98k – $160k |
| Staff | 5 | $120k | $120k – $145k |
Highest paying role
GTM Engineer
$160k
Normalized to USD per year
All salaries at Formic
By role, level and city, against the market · 32 jobs with pay
People
Saman Farid
Executive Officer, Director
Garry Tan
Director
Names and roles come from public filings, company registers and the company's own site. Is this you? Correct or remove · How we handle this data
Growth
Hiring Momentum
62/100
Growing
Open positions
37
0 opened / 2 closed in 30 days
Median time-to-fill
113 days
faster than 12% of the market
ATS activity
Every ~4 hours
Today
Hiring Dynamics
+100%
Hiring Focus
The percentage next to each role is its share of the company's job openings over the last 90 days; the arrow shows the shift versus the previous period.
Field & Service
48% ▼
Robotics
10% ▼
Industrial Engineering
10% ▲
Support
7% ▼
Marketing
7% ▲
Sales
7% ▼
Actively hiring for Industrial Engineering (+3 in 30 days)
Activity Timeline
New location: Oakland
Oct 2026
New location: United States
Oct 2026
Added Windows to stack
Sep 2026
Added Wi-Fi to stack
Sep 2026
Added VPN to stack
Sep 2026
Added SolidWorks to stack
Sep 2026
Added AutoCAD to stack
Sep 2026
Added SOC 2 to stack
Sep 2026
Added Notion to stack
Sep 2026
Added Home Assistant to stack
Sep 2026
Added GitHub to stack
Sep 2026
Added ChatGPT to stack
Sep 2026
Offices
Where the company hires and what each office is for
Cities
4
Hiring now
3
Countries
2
Busiest office
Chicago
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Headquarters
Builds here
Office with open vacancies
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Chicago
United States
HQ
Bolingbrook / Chicago
22 open roles 15 posted in 90 days 5% engineering 77% remote 50-200 est. staff $126k Avg Salary
hires for Finance, Field & Service, Industrial Engineering
Oakland
United States
Plant / site
11 open roles 9 posted in 90 days 64% remote 50-200 est. staff $119k Avg Salary
hires for Support, Finance, Sales
San Francisco
United States
Plant / site
Oakland / San Francisco
8 open roles 6 posted in 90 days 75% remote 50-200 est. staff $115k Avg Salary
hires for Finance, Field & Service, Support
Medellín
Colombia
Regional office
Medellin, Colombia
Jobs
$115k – $155k per year • Equity • Remote (United States) • 3+ years exp • Bachelor's Degree • Chicago
Apply
$120k – $145k per year • Equity • Remote (United States) • 10+ years exp • Bachelor's Degree • Chicago
Apply
$84k – $98k per year • Equity • In office • 7+ years exp • Bachelor's Degree • San Francisco • Chicago • Oakland
Apply