---
title: "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 (Natalie Breymeyer/Axios)"
type: signal
url: https://frontiernewswire.com/s/chicago-based-formic-which-provides-robots-as-a-service-automation-to-168abc7f
published: 2026-10-22T17:50:16.000Z
byline: "Source: TECHMEME"
---

# 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 (Natalie Breymeyer/Axios)

Source: TECHMEME · Published 2026-10-22 · Canonical: https://frontiernewswire.com/s/chicago-based-formic-which-provides-robots-as-a-service-automation-to-168abc7f

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.

## Sources

- [Read the original at TECHMEME](https://www.techmeme.com/261022/p43#a261022p43)

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