Machinery : Industrial Robot : Machine Tending

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VC-A; Lux Capital, Initialized Capital, Correlation Ventures, Lorimer Ventures, One Planet VC

Continuing the Legacy of American Innovation. 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. Automation is a necessity, not a luxury. And 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.

Assembly Line

Formic: Automating Abundance

📅 Date:

✍️ Author: Packy McCormick

🔖 Topics: XaaS

🏢 Organizations: Formic

Formic doesn’t make robots. It makes it easy for manufacturers to adopt robots. Given the huge gap between their potential impact and actual deployment, I think it’s the most important part of the stack. If Formic succeeds, we’ll manufacture more, better things, more cheaply, in the US.

Formic is delivering Robots by the Hour to customers who don’t care who makes the robot or how, just that the job gets done well. Their customers don’t even want robots, really, they want reliable labor. That’s what Formic gives them. The model, and the company, is the brainchild of Saman Farid and Misa Ilkhechi. Misa’s LinkedIn model puts the societal value proposition clearly: Robots = Unlimited Labor.

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