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Formic Stock

Provides robotic automation solutions to manufacturers through Robots-as-a-Service, offering pay-per-hour palletizing and packaging services.

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Overview

Formic is a technology company that provides robotic automation solutions to manufacturers through a Robots-as-a-Service (RaaS) model. Their offerings include automated palletizing and packaging services, enabling businesses to enhance productivity without significant upfront capital investment. By handling deployment, maintenance, and support, the company allows manufacturers to pay a low hourly rate for the equipment while it produces, making automation more accessible and cost-effective.

Sector

AI & Machine Learning

Founded

2020

Headquarters

Chicago, IL

Formic Funding

Formic Funding History

Sign up to gain insights into Formic funding history, including the funding round, time period, and amount raised.

Financing Round Date Amount Price per share Valuation
Round Date Amount PPS Valuation
Series B Oct 22, 2026 40M
XXXXX
XXXXX
Series B-1 Oct 22, 2026 5M
XXXXX
XXXXX
Series A-4 Jun 25, 2024 21M
XXXXX
XXXXX
Series A-3 Jun 25, 2024 6M
XXXXX
XXXXX
Series A-2 Jan 18, 2022 27M
XXXXX
XXXXX
Series Seed Sep 22, 2020 5M
XXXXX
XXXXX

Access the PPS, Valuation details, and a wealth of other data by signing up. Source: Nasdaq Private Market

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Formic Management Team

Formic people and management

  • Co-Founder, CEO
    Saman Amirkia Farid
  • Co-Founder
    Misa Ilkhechi
  • CFO
    Jack Wagler

Investors

Major Formic investors

  • Alumni Ventures

  • Blackhorn Ventures

  • Citi Ventures

  • FJ Labs

  • Initialized Capital

  • Light Ray Ventures

  • Lightscape Partners

  • Lorimer Ventures

  • Lux Capital

  • Mercato Partners

  • Mitsubishi HC Capital America

  • NEC Corporation of America

  • One Planet Group Inc.

  • S2G Ventures LLC

  • TransLink Capital

Formic Valuations & Financials

Gain Insights Into Formic Stock Valuation & Share Prices

View real-time NPM data on Formic stock including daily Formic stock price estimates, valuation history, and historical share price information. Access Formic financing rounds, secondary trade levels, cap table data, and private company comparable transactions. Use NPM's private company valuation database to track Formic pricing across six independent market signals. Looking for private company due diligence data sources on Formic? Get in touch to learn more.

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FAQ

Questions?

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Buy Formic Stock

Formic stock does not trade on public stock exchanges. Formic stock is considered a private security and you need to be an accredited investor to trade shares. To invest in Formic stock you can either buy shares directly through the company or work with a secondary trading marketplace like Nasdaq Private Market.

Learn more about the secondary market for private company shares on the investors page.

Sell Formic Stock

Formic Stock does not trade on public stock exchanges. In order to sell Formic shares you need to work directly with the company or with a secondary trading marketplace like Nasdaq Private Market. NPM has more than a decade of experience helping sell shares on the private market to our network of institutional investors.

Learn more about NPM services for selling privately held stock on the Employee Shareholders page.

Read more about how to sell private company stock on the private secondary market:

 

Formic Stock Price

Formic does not have a publicly available stock price because it is privately held and not traded on public stock exchanges. Through the NPM Data and Intelligence database from Nasdaq Private Market, you can view Formic share price and other valuable private market data.

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Formic Stock Ticker Symbol

There is no ticker symbol for Formic stock because it is a private company. Private companies do not have ticker symbols like public companies, they are identified primarily by using the company ‘street’ name or legal name.

Criteria to Sell Formic Stock

Nasdaq Private Market currently works with employees, ex-employees, and other company investors. In order to sell Formic stock you need to receive the company’s approval, which Nasdaq Private Market manages on your behalf.

Learn more about selling privately held stock on the Employee Shareholders page.

Read more about how to sell shares of a private company and eligibility for selling privately held stock:

 

Criteria to Buy or Invest in Formic Stock

Currently, Nasdaq Private Market only works with accredited entities and institutional investors to purchase private company stock. In order to invest in Formic stock, you need to be an accredited entity or institutional investor.

Learn more about the Nasdaq Private Market tool kit for investors on the Investor Trading page.

Formic Stock Settlement

Once you buy or sell, stock share ownership must transfer before funds are wired. With Nasdaq Private Market, clients leverage our patent-pending Transfer and Settlement technology which streamlines and manages transfer activity from match to settlement.

To learn more about private company stock Transfer and Settlement, check out the Transfer and Settlement page.

Formic IPO

Formic is a private company and has not had an IPO. There is currently no Formic IPO price. Get started to begin exploring the Nasdaq Private Market Data and Intelligence database and gain access to actionable data related to Formic IPO.

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