Company intelligence
As of October 23, 2026, Formic has raised at least $50M in equity across 1 sourced funding round.
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| Date | Round | Amount | Valuation | Lead investors | Source |
|---|---|---|---|---|---|
| Oct 23, 2026 | Series B | $50M | — | Mercato Partnersunverified | Pulse 2.0Pulse story |
Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.
Formic's $50 million round for its robot-as-a-service model and Maxinsights' $30 million seed for robot training data both sell a subscription, not a machine, a pricing shift reshaping how industrial robotics gets funded.
Formic raised $50 million in growth capital led by Mercato Partners to expand its robot-as-a-service model beyond task-specific industrial automation and into general-purpose robotics.
Formic has raised at least $50M in equity across 1 sourced funding round tracked by Value Add VC. The most recent was a $50M Series B in October 2026, reported by Pulse 2.0. Debt financing, tender offers and secondary sales are not counted.
Lead investors in Formic's sourced funding rounds include Mercato Partners. Per round: its October 2026 Series B was led by Mercato Partners.
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.