Tech Company Financing Transactions
Formic Technologies Funding Round
On 10/22/2024, Formic Technologies raised investment from Mitsubishi Electric.
Transaction Overview
Company Name
Announced On
10/22/2024
Transaction Type
Venture Equity
Amount
Unknown
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to develop a new business model that evolves its automation solutions into more accessible formats for its customers going forward.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
445 West Erie Street 101
Chicago, IL 60654
USA
Chicago, IL 60654
USA
Phone
Website
Email Address
Overview
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. Our mission is to continue the American legacy of innovation by making it your reality. Our team has deployed over 500 systems, and our 100+ System Integrator partners have more than 5,000 deployments under their belts, making us the ideal partner for any automation job.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Saman Farid
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