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Formic Technologies is a new type of company which, itself, is the result of the huge changes that are occurring in the robotics and automation market, what with all sorts of new robots and technologies emerging, none of which is cheap to buy, and creating an increasing amount of complexity when it comes to implementing them in an integrated system at, say, a factory. 

In simple terms, you can hire robots – for example, Universal Robots collaborative robots – and other automation technologies from Formic. But it’s more than that. You can also have Formic design the implementation, and handle the integration, for which the startup company has many established partners.

And possibly Formic’s unique selling point is its promise to link its income from its customers to those customers’ success with the automation systems Formic installs. In other words, it’s a kind of like a robotics-as-a-service company which you can pay as you go according to a sliding scale – or “Easy to start, easy to scale”, as Formic likes to put it. [Read more…] about Interview: Formic aims to change the way you integrate robotics and automation into your facility