Funding newsPublished October 22, 2026

ForMic Raises $50.0M to Expand Data Processing Platform

Recently funded · $50.0M UnknownTechnology, Information and MediaCZView source

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ForMic has raised $50.0M in a funding round whose terms weren't disclosed.

The company sells a data-processing system that pulls several business functions into one environment, built on a SASPO platform with more than a decade of development behind it. Its coverage spans CRM, MFI, collections, asset management, warehouse management and vehicle logbook management.

From the source

Initialized

We led Formic’s seed round in 2021 and have backed the team as they’ve scaled to 100+ manufacturing facilities across the U.S., with 99.6% uptime and a 97% customer renewal rate. Now, with $50M in new funding, Formic is taking another big step toward bringing physical AI to factory floors at scale. Congrats to Saman Farid and the entire Formic team!

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