Insights

Market sweet spot Formic serves mid- to large-scale manufacturing across diverse industries in the United States, presenting a broad target for automation solutions in consumer goods, specialty chemicals, hardware, and more. Highlight opportunities to upsell scalable robotics deployments in existing manufacturing footprints looking to boost productivity and reduce manual labor.

Automation value With a stated mission to simplify automation and a focus on reliable robotic packing and palletizing, target companies seeking to improve line efficiency, reduce cycle times, and enhance packing accuracy. Position as a ready-made solution for plants aiming to modernize without lengthy integration timelines.

Financial readiness Revenue is in the tens of millions, indicating a healthy mid-market footprint with potential for expansion investments. Approach buyers at scale with ROI-focused proposals highlighting labor savings, throughput gains, and payback periods to justify CAPEX or OPEX automation approvals.

Tech-enabled selling The tech stack emphasizes cloud optimization and analytics tooling, suggesting receptiveness to data-driven ROI storytelling, performance dashboards, and remote monitoring. Leverage digital engagement and case-driven content to demonstrate measurable benefits and strengthen evaluation criteria.

Growth potential Comparables show firms of varying sizes with strong revenue ranges and multi-site footprints; identify cross-sell and upsell opportunities into similar manufacturers in regions where Formic already has traction. Use reference-able use cases in consumer goods and chemicals to accelerate conversations with operations and engineering teams.

Formic Tech Stack

Formic uses 8 technology products and services including Cloudflare Web Optimizations, HubSpot Analytics, Hotjar, and more. Explore Formic's tech stack below.

  • Cloudflare Web Optimizations
    Analytics
  • HubSpot Analytics
    Analytics
  • Hotjar
    Analytics
  • Linkedin Insight Tag
    Analytics
  • html5media
    Audio, Video, Graphics
  • ISO
    Certificates
  • DocuSign
    Miscellaneous
  • Microsoft Office
    Office Suites

Formic's Email Address Formats

Formic uses at least 1 format(s):
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?

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Formic is a publicly traded company; the company's stock symbol is AVER.TA.

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

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Formic's official website is formic.co and has social profiles on LinkedInCrunchbase.

How much revenue does Formic generate?

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As of July 2026, Formic's annual revenue is estimated to be $50M - $100M.

What is Formic's NAICS code?

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Formic's NAICS code is 3339 - Other General Purpose Machinery Manufacturing.

How many employees does Formic have currently?

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As of July 2026, Formic has approximately 105 employees across 4 continents, including North AmericaSouth AmericaAsia. Key team members include Chief Revenue Officer: S. F.Vice President Of Sales: J. O.Head Of Credit: S. H.. Explore Formic's employee directory with LeadIQ.

What industry does Formic belong to?

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Formic operates in the Automation Machinery Manufacturing industry.

What technology does Formic use?

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Formic's tech stack includes Cloudflare Web OptimizationsHubSpot AnalyticsHotjarLinkedin Insight Taghtml5mediaISODocuSignMicrosoft Office.

What is Formic's email format?

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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?

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As of July 2026, Formic has raised $470K in funding. The last funding round occurred on Nov 27, 2025 for $470K.

When was Formic founded?

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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

  • $470K

    Formic has raised a total of $470K of funding over 6 rounds. Their latest funding round was raised on Nov 27, 2025 in the amount of $470K.

  • $50M - $100M

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

Section iconFunding & Financials

  • $470K

    Formic has raised a total of $470K of funding over 6 rounds. Their latest funding round was raised on Nov 27, 2025 in the amount of $470K.

  • $50M - $100M

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

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