Stephan Cizmar’s Post

I’m honored and excited to join the board and continue backing Saman Farid and the incredible team at Formic with their most recent financing round! Formic is is rapidly becoming a critical platform in bolstering America’s manufacturing capacity and resilience, the future is so bright with this amazing company!

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Exciting news! We’ve increased our Series A financing to $53.9M! On the heels of recently surpassing 100,000 fleet production hours and more than 1.2 billion products packed and stacked by our Robots-as-a-Service automation equipment, this additional round adds $27.4M in financing to continue scaling the easiest and most reliable way for US manufacturers to deploy automation and unlock greater production capacity across the supply chain. The new investments from Blackhorn Ventures, Mitsubishi HC Capital America, Inc., NEC and Translink Orchestrating Future Fund, Alumni Ventures, FJ Labs, and additional investments from Lux Capital, Initialized Capital, and Lorimer Ventures allow us to double down on our strategy to bring more Pay-for-Productivity automation to US manufacturers by:  - Expanding our fleet of standardized automation solutions - Increasing our network of support and service people across the U.S. - Enhancing our equipment-agnostic software offering that includes AI-based motion planning, predictive maintenance, system design suite, and more intuitive customer interfaces and dashboards A huge thank you to everyone who has been a part of this journey. This milestone is a testament to the dedication, innovation, and hard work of our incredible team, as well as the trust and support of our customers and investors. Stay tuned for more updates and announcements as we embark on this next phase of our adventure! #SeriesA #Funding #Innovation #Tech #Growth #Automation #Robotics #Formic https://lnkd.in/d5pShmRV

Formic Raises $27.4 Million to Bring Automation to More Manufacturers

Formic Raises $27.4 Million to Bring Automation to More Manufacturers

businesswire.com

Bryan Fleming

I help manufacturing businesses grow their customer base with powerful digital marketing strategies.

2w

Congrats on the big win! 🚀 Keep pushing boundaries and making waves in the industry! 🌟

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Dave N. Bengal

Enterprise Sales Leader | Tech & Real Estate Investor

2w

They're lucky to have you on board my friend -- congrats!

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Mark Fosdike

Leading the Charge on AI Solutions that Transform Industrial Frontline Work & Drive Productivity | CEO at Datch | Enterprise Systems | Business Intelligence

2w

Huge! Good luck in this next stage of growth Stephan Cizmar and Formic team.

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Very cool company, congrats!

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Jake Gertjan Hofwegen

VP Global Revenue Operations and Enablement @ Contentful | xNetSuite | xYext | xFlexport | Advisor & Investor at Lorimer Ventures and Stage2

2w

Congrats Stephan Cizmar!!

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Will Lyon

Services Sales & GTM @ 6sense | GTM Advisor

2w

Congrats Stephan Cizmar!!!

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Michael Talarico

Glean | Know what your company knows, instantly

2w

Great company. Congrats Stephan Cizmar

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