#06 FORMIC
#06 FORMIC
INDUSTRIAL AUTOMATION
Company Overview
Formic is accelerating the adoption of automation across small to mid-sized U.S. manufacturers and boosting productivity by removing the barriers of risk, complexity, and upfront capital. Formic’s “Robotics-as-a-Service” model delivers customized robots at a low hourly rate, with guaranteed uptime, and ensures factories can thrive in any economy.
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“Formic is on a mission to revolutionize manufacturing and create more abundance. As US manufacturers face mounting challenges to their businesses including labor shortages and global competition, automation is a necessity, not a luxury. The last century has brought incredible advancements in technology and robotics but American manufacturers, a majority of which are small to mid-sized companies, continue to face tremendous obstacles to adopting automation and growing their businesses including cost, complexity, and talent. At Formic, we remove the burdens of guesswork, risk, and maintenance for our customers and help them focus on their success while multiplying their productivity.”
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“As a remote company founded during the pandemic, we value the diversity of perspectives and knowledge from our team members located across North America, and we also prioritize fostering connection virtually and in person. In a work environment where a majority of employees are working remotely or at customer sites, we stay connected through regular All Hands meetings; Slack channels dedicated to work topics as well as employee-led interests and identities; and virtual activities and game nights. We also recognize how invaluable in-person collaboration is, so we invest in all-company, week-long off-sites twice a year, where we make the most of our work and social time together to cross team and functional boundaries, and create memories and relationships that last long after we return home. Formicans also unite throughout the year at trade shows and in our office in Chicago, and leaders are encouraged to bring their teams together for smaller group off-sites as needed, as well.”
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“We believe we do our best work when we are equipped to take care of ourselves and our loved ones, wherever we are, so we are especially proud of our benefits supporting both remote and in-person work, as well as the ability to take time away from work when needed. We enable our team members to take time away from work with our paid Parental Leave and Flexible Time Off programs. We support people in our distributed work environment by granting a $2,000 Home Office allowance to purchase equipment at any point during their time at Formic, as well as a monthly reimbursement for the cost of cell phone and internet services. Finally, we bring our team together by planning and facilitating our bi-annual Company Off-sites.”
STANDOUT AWARD WINNER
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Awarded for championing individual employees’ development, care and appreciation.
WILL REED CALLOUT
In today’s remote-first workplace, make sure employees are set up to thrive in a work from home environment.
The Details
51-100
INDUSTRIAL AUTOMATION
HEADQUARTERS
WORK MODEL
CHICAGO, IL
HYBRID
SERIES A
YES