# Formic funding rounds and investors

As of 23 Oct 2026, Formic has raised $50M across 1 verified round on record; latest: $50 million Series B led by Mercato Partners, announced 22 Oct 2026.

The commercialization platform for physical AI

Website: https://formic.co  
Headquarters: Bolingbrook, Illinois  
Page: https://fireround.dev/companies/formic

## Verified rounds

| Announced | Round | Amount | Lead investors | Other investors | Sources |
| --- | --- | --- | --- | --- | --- |
| 2026-10-22 | Series B | $50 million | Mercato Partners | Citi Ventures, Light Ray Ventures, Lightscape Partners | [businesswire.com](https://www.businesswire.com/news/home/20261022651853/en/Formic-Raises-%2450-Million-to-Scale-Physical-AI-Across-American-Manufacturing), [venturebeat.com](https://venturebeat.com/business/formic-raises-50-million-to-scale-physical-ai-across-american-manufacturing), [axios.com](https://www.axios.com/pro/all-deals/2026/10/22/formic-50m-robotics-deployments) |

Source: Fireround (https://fireround.dev), an open-source funding feed. Each round is checked against the pages listed with it.