RoboticsThe Next Webabout 1 hour ago
Formic Raises $50M for General-Purpose Robots
3 min read
Chicago-based Formic raises $50M in Series B funding led by Mercato Partners to transition from task-specific to general-purpose robots for US factories. The round includes debt from S2G Investments and participation from Light Ray Ventures, Lightscape Partners, Citi, Lux Capital, Initialized Capital, Blackhorn Ventures, and Lorimer Ventures.
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