Formic raised $50 million in a Series B led by Mercato Partners to expand general-purpose robotics across American manufacturing.
- Amount
- $50M
- Stage
- Series B
- Announced
- 22 October 2026
- Lead
- Mercato Partners
- Other investors
- Light Ray Ventures, Lightscape Partners, Citi, S2G Investments
- Use of funds
- Expand AI-powered robotics platform and accelerate deployment of general-purpose robots across U.S. manufacturing facilities.
- Checked
- Announced by the company