Formic
Fully Managed Robotic Automation. We Put "Skin in the Game" for Your Success.
93 employees · est. 2020 · Chicago, United States
RIOS Intelligent Machines
RIOS builds AI Agent Platforms for automating manufacturing processes.
44 employees · est. 2018 · Menlo Park, United States
RIOS Intelligent Machines is the older company (2020 vs 2018); Formic is the larger of the two.
Side-by-Side Comparison
| Metric | Formic | RIOS Intelligent Machines |
|---|---|---|
| Founded | ||
| Founded | 2020 | 2018 older |
| Headquarters | ||
| Headquarters | Chicago, United States | Menlo Park, United States |
| Employees | ||
| Employees | 93 larger | 44 |
| Industry | ||
| Industry | Automation, Manufacturing, Robotics | AI |
| Funding Stage | ||
| Funding Stage | Series Unknown | Series B |
| Total Funding | ||
| Total Funding | $59.30M | $51.50M |
| Funding Rounds | ||
| Funding Rounds | 4 | 5 |
| Services | ||
| Services | Full Service Automation, 24/7 Monitoring and Maintenance, Data Capture and Analysis, Service & Technology Support, Customer Success Management | Not tracked yet |
| Target Customers | ||
| Target Customers | Manufacturers, Industrial Operations Leaders, Logistics and Distribution Managers, Packaging Managers | Not tracked yet |
| Taxonomy | ||
| Taxonomy | 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 | Factory Automation, AI-powered Robotics, Smart Factories, Dexterous Robots, Robotic Workcells, Supply Chain Automation, Unstructured Environment Automation, Neural Network Integration, Intelligent Machines, Manufacturing Robotics, Food Services Automation, Lab Automation, Agricultural Automation, Waste Management, Palo Alto Tech Company |
| Website | ||
| Website | formic.co | rios.ai |
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...
About RIOS Intelligent Machines
RIOS Intelligent Machines is a cutting-edge startup that is making waves in the factory automation industry. With the slogan "RIOS provides factory automation-as-a-service, and deploys end-to-end AI-powered robotic workcells in factories," the company is living up to its mission of completely transf...
We will tell you when either one moves
BounceWatch watches Formic and RIOS Intelligent Machines 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 Formic and RIOS Intelligent Machi... — by email.
Frequently Asked Questions
Compare Formic with someone else
Start typing a company name or domain.
Related Comparisons
Compiled from the BounceWatch company index. We last looked at Formic on 18 Aug 2025, and RIOS Intelligent Machines on 12 Sep 2024. 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.