Natalie Breymeyer / Axios:

Chicago-based Formic, which provides robots-as-a-service automation to manufacturers, raised $50M, including a $40M Series B and $10M in asset-backed financing  —  Formic, a physical AI commercialization platform, raised $50 million in financing, CEO Saman Farid tells Axios exclusively.

Natalie Breymeyer / Axios:

Chicago-based Formic, which provides robots-as-a-service automation to manufacturers, raised $50M, including a $40M Series B and $10M in asset-backed financing  —  Formic, a physical AI commercialization platform, raised $50 million in financing, CEO Saman Farid tells Axios exclusively.

Source: TechMeme
Source Link: https://www.techmeme.com/261022/p43#a261022p43