Figure
Figure's mission is to expand human capabilities through advanced AI.
644 employees · est. 2022 · San Jose, United States
Formic
Fully Managed Robotic Automation. We Put "Skin in the Game" for Your Success.
93 employees · est. 2020 · Chicago, United States
Formic is the older company (2022 vs 2020); Figure is the larger of the two.
3 signals in the last 90 days
Side-by-Side Comparison
| Metric | Figure | Formic |
|---|---|---|
| Founded | ||
| Founded | 2022 | 2020 older |
| Headquarters | ||
| Headquarters | San Jose, United States | Chicago, United States |
| Employees | ||
| Employees | 644 larger | 93 |
| Industry | ||
| Industry | AI, Automation, Robotics | Automation, Manufacturing, Robotics |
| Funding Stage | ||
| Funding Stage | Series C | Series Unknown |
| Total Funding | ||
| Total Funding | $1.78B | $59.30M |
| Funding Rounds | ||
| Funding Rounds | 4 | 4 |
| Services | ||
| Services | humanoid robot development, AI integration for home environments, robotic household task management | Full Service Automation, 24/7 Monitoring and Maintenance, Data Capture and Analysis, Service & Technology Support, Customer Success Management |
| Target Customers | ||
| Target Customers | homeowners, smart home enthusiasts, technology adopters, elderly or disabled individuals seeking home assistance | Manufacturers, Industrial Operations Leaders, Logistics and Distribution Managers, Packaging Managers |
| Taxonomy | ||
| Taxonomy | AI Robotics, Humanoid Robots, Autonomous Systems, Commercial Robotics, Labor Shortages Solutions, Workforce Automation, Manufacturing Robotics, Logistics Automation, Warehousing Technology, Retail Assistance, Global Supply Chain, Advanced AI Technology, Multipurpose Robotics, Safe Work Environments | Robotic Automation, Industrial Automation, Manufacturing Technology, Automation Solutions, Productivity Enhancement, Automation Rentals, Venture-backed Startup, Factory Automation, Automation Financing, Operations And Services, Labor Optimization, Food And Beverage Manufacturing, Consumer Packaged Goods, Advanced Manufacturing, Scalable Manufacturing |
| Website | ||
| Website | figure.ai | formic.co |
About Figure
Figure, founded in 2022 and headquartered in the United States, is on a mission to expand human capabilities through advanced AI. At the intersection of AI, Automation, and Robotics, the company is pioneering efforts in building the world's first commercially viable autonomous humanoid robot. Based...
About Formic
Formic, established in 2020, is a promising player in the realms of Automation, Manufacturing, and Robotics. Headquartered in the United States, the company is revolutionizing production lines by providing Fully Managed Robotic Automation, with an emphasis on assigning operational risk to ensure cli...
We will tell you when either one moves
BounceWatch watches Figure and Formic for new funding, fast hiring, new executives and a change of software vendor. When one happens, we email you the same day.
Funding, hiring, leadership and stack changes at Figure and Formic — by email.
Frequently Asked Questions
Compare Figure with someone else
Start typing a company name or domain.
Related Comparisons
Compiled from the BounceWatch company index. We last looked at Figure on 24 Feb 2026, and Formic on 18 Aug 2025. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.