--- format: "aidr-story-markdown/v1" id: "804852efd1062dbcec89800438f044099dc59295990b27f461d29f70b8e786d7" canonical_url: "https://aidr.today/804852ef?lang=en" title: "Formic Raises $50M to Scale Physical AI in U.S. Factories" lang: "en" requested_lang: "en" available_langs: ["en","vi"] translation_fallback: null fallback_fields: [] published_at: "2026-10-22T20:53:56.000Z" category: "Funding" topics: ["funding"] source_urls: ["https://marketbrief.now/startups/formic-raises-50m-to-scale-physical-ai-in-us-factories-6a411d90","https://huggingnews.com/startups/formic-raises-50m-to-scale-physical-ai-in-us-factories-6a411d90"] summary: "Formic has raised $50M in new funding, including a $40M Series B round and $10M in asset-backed financing, to expand its robots-as-a-service offerings for U.S. manufacturers. The Chicago-based company plans to use the capital to deploy physical AI on factory floors and currently operates in more than 100 manufacturing facilities across 30 states with a 99.6% uptime and 97% renewal rate. Initialized, which led Formic's seed round in 2021, remains an investor as the company scales its operations." --- # Formic Raises $50M to Scale Physical AI in U\.S\. Factories > [Open the canonical story]() **Published:** 2026-10-22T20:53:56.000Z **Category:** Funding **Topics:** funding ## Summary Formic has raised $50M in new funding, including a $40M Series B round and $10M in asset\-backed financing, to expand its robots\-as\-a\-service offerings for U\.S\. manufacturers\. The Chicago\-based company plans to use the capital to deploy physical AI on factory floors and currently operates in more than 100 manufacturing facilities across 30 states with a 99\.6% uptime and 97% renewal rate\. Initialized, which led Formic's seed round in 2021, remains an investor as the company scales its operations\. ## Sources - [Story source]() - [Story source]()