Tech Company Financing Transactions
Formic Technologies Funding Round
On 10/23/2026, Formic Technologies received $50 million in Series B financing from Mercato Partners, Citibank and Light Ray Ventures.
Transaction Overview
Company Name
Announced On
10/23/2026
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$50,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to accelerate its shift from task-specific automation to general-purpose robotics,strengthen its AI and robotics capabilities, expand into new applications such as metal fabrication, and deepen its work across aerospace, space, defense, medical, energy, and the broader U.S. industrial base.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
445 West Erie Street 101
Chicago, IL 60654
USA
Chicago, IL 60654
USA
Phone
Website
Email Address
Overview
We didn't invent automated systems, but we democratized them. Because technology doesn't change the world until you make it accessible to those who need it most. Our mission is to continue the American legacy of innovation by making it your reality. Our team has deployed over 500 systems, and our 100+ System Integrator partners have more than 5,000 deployments under their belts, making us the ideal partner for any automation job.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Saman Farid
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