Formic Technologies

Series A

ABOUT THE COMPANY

Formic Technologies is focused on unlocking robotic automation for smaller American manufacturers with our robotics-as-a-service model. Combining financial innovation, innovative technology, and robotics expertise, we enable manufacturing customers to deploy and scale automation quickly, affordably, and with minimal risk. We strive to make building things easy and believe every factory should have access to unlimited labor through automation without the traditional barriers to entry of high cost and complexity.

Year Founded:

2020

Lead Investors:

Lux Capital, Initialized Capital

Office Environment:

Hybrid

MEET THE FOUNDER(s)

01

Saman Farid

CEO

02

Misa Ilkhechi

VP Solutions

03

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CULTURE

How do you show employees you appreciate them?

Each regular All Hands meeting begins with shout-outs, broad and open written and verbal appreciation from across the company, acknowledging great work done and behaviors and successes that align to our Operating Principles. Of course, we provide standard financial incentives like promotions with additional base and equity, but what our employees brag and are excited most about is our regular off-sites where we come together to celebrate, socialize and collaborate in person. 

How are you creating a workplace of diversity, equity, inclusion and belonging?

Our talent acquisition team proactively sources candidates that represent a diversity of thought, experience and background. We bring together individuals from disparate industries into one single company with one single mission.

We seek to understand, recognize, and appreciate our various diverse perspectives, backgrounds, and unique challenges. We embrace open dialog on all topics, including how important it is to foster equality. We strive to be the change we want to see in the world through our product, our business decisions, and our behaviors.

Why should someone work at your company?

Formic’s mission is ambitious — we want to fundamentally change the way that automation systems are deployed, we want to drastically increase the adoption of robotics, and we want to change the way the world makes everything. In order to get there, we need to create a world-class organization that lasts for generations. The only way for us to do this is to work closely with one another to improve a little bit at a time, day-by-day. The employees of today are the leaders and influences of tomorrow, and that is an incredible place to be.

Our company could win an award for:

Living our operating principles/cultural standards 

Top 100 culture Award winner

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