Planning on attending Pack Expo International '24? Use our comp code 91F56 to get up to 5 free passes for you and your colleagues. We'll be in booth N-5069 - come say hi! Hope to see you there. #packexpo24 #packexpointernational #formic #robotics
Formic
Automation Machinery Manufacturing
Chicago, Illinois 11,810 followers
Fully Managed Robotic Automation. We Put "Skin in the Game" for Your Success.
About us
At Formic, we make automation simple. We're dedicated to helping manufacturing businesses across the United States supercharge their productivity. Our cutting-edge robot fleet empowers factories to pack goods and stack onto pallets with confidence, savings, and simplicity that they can't find anywhere else. Our versatile robots play a role in producing a wide array of products you know and love - from delicious chocolate chip cookies and matcha powder to specialty chemicals and hardware fasteners, and more. We're on a mission to create a world of abundance through innovative automation solutions. Discover the impact of our technology at www.formic.co.
- Website
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http://www.formic.co
External link for Formic
- Industry
- Automation Machinery Manufacturing
- Company size
- 51-200 employees
- Headquarters
- Chicago, Illinois
- Type
- Privately Held
- Founded
- 2020
- Specialties
- Robotics, Industrial Automation, and manufacturing
Locations
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Primary
Chicago, Illinois, US
Employees at Formic
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Shahin Farshchi
General Partner at Lux Capital. Brain-chip designer, founder, pilot, car enthusiast, trekkie, dad, Bear, and Bruin
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Charles Stephens
Operations Executive | VP @ Lyft | Partnerships @ Formic
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Mika Saryan
Engineering Leadership and Architecture | Product Development | Web/Mobile | IoT and Robotics
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Theresa Dobson
Updates
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The founding principle of Formic is access. If robots work today, but they don't reach the factories that need them the most, then we are limiting the potential impact. Thank you Front Lines for the interview with our CEO Saman Farid. You can listen to the full interview here: https://lnkd.in/e7pyKX6C #formic #madeinamerica #robotics
What is the origin story of Formic? CEO & Founder Saman Farid recently joined us on Category Visionaries to answer this question and many more. Check out the full episode here: https://lnkd.in/e7pyKX6C
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Formic reposted this
The current longshoremen’s strike at ports on the east and gulf coasts serves as a stark reminder of not only the fragility of our supply chain, but also the physical and demanding work they perform, ensuring that goods flow efficiently through America’s ports. These workers face grueling hours in challenging weather conditions, lifting and moving heavy loads that are essential to our economy. As the volume of goods flowing through US ports continues to grow unimpeded, it’s unsurprising that longshoremen are demanding a $5/hour pay increase. With the rising cost of living and longer hours on the job, compensating them appropriately for their contributions is not only fair but essential to retaining skilled labor in these vital roles. However, addressing fair pay is only part of the solution. The increasing volume of goods moving through U.S. ports requires a modern approach, and that is where automation can play a pivotal role. Incorporating automated systems into port operations can complement the work longshoremen do, easing their workload while increasing the speed and efficiency of operations. Automation can help bridge the gap between limited manpower and the growing demand for throughput in the supply chain. The conversation between longshoremen and port authorities should not be about choosing between labor or technology—it should be about finding the right balance. By investing in both fair wages for workers and advanced automation technology, ports can future-proof themselves for the rising demands of global trade. Automation doesn’t replace the need for strong, skilled longshoremen; it enhances their capacity to get more done, making the system more resilient. Negotiating fair pay alongside the implementation of modern tools will not only support workers but also ensure a robust, efficient supply chain for years to come. In the end, longshoremen and automation must work hand-in-hand to maintain the lifeblood of global trade flowing through our ports.
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Good continuous improvement engineers understand how to get the most our of their equipment. GREAT continuous improvement engineers understand how to get the most our of their equipment AND their allotted budgets. Learn how the best manufacturers are getting ahead by leveraging innovative financing approaches, featuring our CMO Shawn Fitzgerald and Austin Hennessy from Mitsubishi HC Capital America, Inc. If you want to know how they do it (with real world examples), register at the link below. So don't miss it! BONUS: We'll be making a special announcement about the future of Formic live on the webinar. https://lnkd.in/gj_3dp4G #webinar #formic #madeinamerica #americanmanufacturing #RaaS #continuousimprovementengineering
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Webinar on October 3rd @ 3PM ET! We live in a time of rising labor and raw material costs, and yet, in many cases, budgets haven't kept up. And yet, smart continuous improvement engineers continue to execute on their operational goals. How do they do it? Join our own Shawn Fitzgerald and Mitsubishi HC Capital America, Inc.'s Austin Hennessy as they discuss how smart continuous improvement engineers are doing more with less. We'll have tons of real examples for you. You won't want to miss it! #RaaS #Formic #Webinar #MadeinAmerica
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Formic reposted this
Have loved watching, learning from and being inspired by TED events for 20+ years. Honored to be able to share what we’ve been learning about modernizing the world of manufacturing with AI and Robotics. Thanks for the invitation Lev Mass and Ronit Widmann-Levy
Saman Farid is the founder and CEO of Formic, a company revitalizing American manufacturing by deploying robots. So far they've helped 100+ facilities adopt robots for the first time. Before Formic, he led Baidu Ventures' $600M Al investment fund and founded Comet Labs, an Al-focused incubator where he invested in 25+ Al startups. On October 13 Saman will give a TEDx talk about The Role of Robotics in Revitalizing American Manufacturing. Join us at the Guild Theatre for An exciting day of talks, ideas & ideals.
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Formic reposted this
Manufacturing is upstream of everything, which is why we must invest in strengthening and modernizing our domestic supply chains. Thank you to Special Competitive Studies Project - SCSP, Representative Haley Stevens, and The Congressional Manufacturing Caucus for inviting me to speak about “Robots As A Strategic Advantage.” We continue to invest in the most advanced manufacturing sectors while 90% of our factories don’t yet have a single robot, and many are sitting idle for much of the year. Robots can unlock our full potential. Robots lead to more prosperous factories, happier workers, higher quality products, and less inflation. Special Competitive Studies Project - SCSP - thank you for everything you do to advance this mission! Thank you also to my co-presenters William B. Bonvillian, Elisabeth Reynolds, Aidan Madigan-Curtis Jake Guglin Adam Gluck
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Happy Friday, from Formic! Hope your weekend is "stacked" with fun plans. Video credit: Ben Thompson from the Formic warehouse. #Robotics #formic #MadeInAmerica
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How do the best in the manufacturing business do more with less? Join Austin Hennessy from Mitsubishi HC Capital America, Inc. and our own Shawn Fitzgerald as they discuss how to allocate each dollar in your continuous improvement budget for maximum effectiveness. They'll be discussing: - Why "business as usual" increasingly difficult in today's times - How innovative financing tools are presenting new opportunities for automation - Real examples of forward-thinking businesses and how they're winning We'll be going live on Thursday, October 3rd at 3PM ET. Registration is live at the link in the comments below. Join us! #webinar #robots #haas #raas
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Any high volume production environment ultimately needs to pack, stack, label, and ship before a run is finished. End-of-line is where the rubber hits the road. After all, you're in business to move product, right? Time is money, and errors are costly, as are production-related injuries to frontline workers. In this article, we outline the critical pieces to any end-of-line operation, and more importantly, which can be automated. Link to article here: https://lnkd.in/gfdRy4uM #palletizing #robotics #formic #casepacking #americanmanufacturing