Mitsubishi HC Capital America - Startup Rise America

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Formic, a provider of Robots-as-a-Service (RaaS) automation for U.S. manufacturers, announced it has raised another $27.4 million in Series A financing led by Blackhorn Ventures with participation from Mitsubishi HC Capital America, NEC, Translink Capital, Alumni Ventures, FJ Labs, Lux Capital, Initialized Capital and Lorimer Ventures. This new funding brings the total Series A round to more than $52 million since January 2022.

[Funding News] Formic Raises $27.4 Mn to Bring Automation to More...

Team SR - June 25, 2024

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