Why is Robotics-as-a-Service So Important Now
Q&A with Saman Farid & Misa Ilkhechi, Co-Founders | Formic
What is Formic, and who are the co-founders?
Formic is a robotics-as-a-service company that is fundamentally changing the way industrial robotics are scoped and deployed. We handle all of the logistics of an automation deployment, from scoping and customization to installation and maintenance. We don’t charge any money upfront, only a low hourly rate, which is typically 42% less than what companies pay for the same tasks to be executed with manual labor. You can think of it like hiring a robot.
We serve a variety of industries, but in particular, we focus on food and beverage, consumer packaged goods, automotive, plastics, packaging, and metal fabrication companies. Our robots can accomplish a broad range of tasks, including machine tending, material handling, inspection, welding, palletizing carton erecting, and more, and we work with all of the leading OEMs, including