Insights

Automation Focus Formic specializes in robotic automation for manufacturing, presenting a clear entry point for upselling expanded automation projects across additional lines and facilities within potential customer accounts that rely on high-volume packaging, stacking, and palletizing processes.

Mid-Market Targets With 51-200 employees and revenue in the 50–100 million range, Formic targets mid-market manufacturers who can benefit from scalable, easy-to-deploy automation solutions, suggesting expansion opportunities with similar segment clients such as specialty chemicals, hardware fasteners, and consumer goods producers.

Diverse Vertical Reach Current use cases span cookies, matcha powder, specialty chemicals, and hardware fasteners, indicating cross-sell potential into adjacent industries by tailoring automation modules to different product handling, packing, and palletizing requirements.

Tech-Driven Selling Formic utilizes a tech-forward stack (AutoCAD, OpenAI, Jira) and data-driven ad channels, signaling opportunities to engage prospects with ROI-driven demonstrations, digital simulations, and AI-assisted optimization to accelerate procurement decisions.

Growth Funding Signal Healthy revenue and substantial funding (supporting ongoing expansion) imply readiness for scaled deployments; sales conversations can emphasize rapid deployment timelines, post-install support, and proven value across multiple facilities within target accounts.

Similar companies to Formic

Formic Tech Stack

Formic uses 8 technology products and services including LinkedIn Ads, Microsoft Advertising, Reddit Ads, and more. Explore Formic's tech stack below.

Formic's Email Address Formats

Formic uses at least 4 email formats:
Formic Email FormatsExamplePercentage
FLast@formic.coJDoe@formic.co
69%
First@formic.coJohn@formic.co
28%
First.Last@formic.coJohn.Doe@formic.co
2%
FirstL@formic.coJohnD@formic.co
1%

Frequently Asked Questions

What is Formic's stock symbol?

Minus sign iconPlus sign icon
Formic is a publicly traded company; the company's stock symbol is AVER.TA.

What is Formic's official website and social media links?

Minus sign iconPlus sign icon
Formic's official website is formic.co and has social profiles on LinkedIn and Crunchbase.

How much revenue does Formic generate?

Minus sign iconPlus sign icon
As of September 2026, Formic's annual revenue is estimated to be $50M - $100M.

What is Formic's NAICS code?

Minus sign iconPlus sign icon
Formic's NAICS code is 3339 - Other General Purpose Machinery Manufacturing.

How many employees does Formic have currently?

Minus sign iconPlus sign icon
As of September 2026, Formic has approximately 121 employees across 4 continents, including North America, South America and Asia. Key team members include Chief Revenue Officer: S. F., Vice President Of Sales: J. O. and Head Of Credit: S. H. Explore Formic's employee directory with LeadIQ.

What industry does Formic belong to?

Minus sign iconPlus sign icon
Formic operates in the Automation Machinery Manufacturing industry.

What technology does Formic use?

Minus sign iconPlus sign icon
Formic's tech stack includes LinkedIn Ads, Microsoft Advertising, Reddit Ads, Hotjar, Microsoft Clarity, AutoCAD, OpenAI and Atlassian Jira.

What is Formic's email format?

Minus sign iconPlus sign icon
Formic's email format typically follows the pattern of FLast@formic.co. Find more Formic email formats with LeadIQ.

How much funding has Formic raised to date?

Minus sign iconPlus sign icon
As of September 2026, Formic has raised $60M in funding. The last funding round occurred on Oct 27, 2025 for $470K.

When was Formic founded?

Minus sign iconPlus sign icon
Formic was founded in 2020.
Formic logo

Formic

Automation Machinery ManufacturingIllinois, United States51-200 Employees

Formic operates in the automation machinery manufacturing sector and is based in Woodridge, Illinois. The company develops robotic systems designed to simplify manufacturing workflows and boost productivity for factories across the United States. Its automation offerings concentrate on packing and palletizing tasks, enabling plants to perform these steps with greater efficiency and reliability.

Its deployed robots support a broad range of products, spanning items such as cookies, matcha powder, specialty chemicals, and hardware fasteners. With a mid-sized footprint, Formic positions itself as a practical provider of scalable automation solutions for manufacturers seeking straightforward implementation.

Section iconCompany Overview

Website
formic.co
Stock Symbol
AVER.TA
NAICS Code
3339 - Other General Purpose Machinery Manufacturing
Founded
2020
Employees
51-200

Section iconFunding & Financials

  • $60M

    Formic has raised a total of $60M of funding over 6 rounds. Their latest funding round was raised on Oct 27, 2025 in the amount of $470K as a Series B.

  • $50M - $100M

    Formic's revenue is estimated to be in the range of $50M - $100M

Ready to create more pipeline?

Get a demo and discover why thousands of SDR and Sales teams trust
LeadIQ to help them build pipeline confidently.

© LeadIQ, Inc. All rights reserved.