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Saman Farid
Saman Farid
Founder and CEO, Formic
Company
Formic
Based in
Chicago
Sponsor
Sponsor
Type
Sponsor
Saman Farid is the founder and CEO of Formic, which puts robots into American factories on a robots-as-a-service model so manufacturers pay for output instead of capital equipment. He is a past CLIMB guest and a Dirty Jobs 2026 sponsor.
Company
Formic
Formic
Formic rents industrial robots to manufacturers for a flat hourly rate and handles installation, monitoring, and maintenance so factories avoid upfront capital costs.
Founded
2020
Raised
$52M
Stage
Series A
HQ
Bolingbrook, IL
Investors
BV
Blackhorn Ventures
LC
Lux Capital
MHC
Mitsubishi HC Capital America
N
NEC
TC
Translink Capital
IC
Initialized Capital
Investor data via Harmonic
In the News

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become a sponsor

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DIRTY JOBS SUMMIT 2026

[ DIRTY JOBS Starts in: ]

23:22:49:44

[ section ]

become a sponsor

All rights reserved

DIRTY JOBS SUMMIT 2026

[ DIRTY JOBS Starts in: ]

23:22:49:44

[ section ]

become a sponsor

All rights reserved

DIRTY JOBS SUMMIT 2026