San Pablo, CA – According to filings with the U.S. Securities and Exchange Commission, Formic Technologies is raising $5,230,122.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Saman Farid played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Formic Technologies

Automate your facility now. We make it easy. Reduce OpEx and increase capacity instantly. Formic handles all the complexity of deploying automation – and you can reap the benefits, risk free. As technology changes, one basic premise always stays the same; to get the job done, you need a reliable set of hands. Well, we are that set of hands; putting robotics to work seamlessly in your operation. We solve your problems without creating any. Raising your output without raising your overhead. We didn’t invent automated systems, but we democratized them. Because technology doesn’t change the world until you make it accessible to those who need it most. Automation is a necessity, not a luxury. And our mission is to continue the American legacy of innovation by making it your reality.

To learn more about Formic Technologies, visit http://formic.co/

Contact:
Saman Farid, Chief Executive Officer
415-530-9522
https://www.linkedin.com/in/samanfarid/

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