[Remote] Don't see a role that fits? Apply here! at Formic

United States

Formic Logo
Not SpecifiedCompensation
N/AExperience Level
Full TimeJob Type
UnknownVisa
Manufacturing, RoboticsIndustries

Requirements

  • Passionate about robotics and automation
  • Motivated to do impactful work
  • Inspired by Formic's mission to revolutionize American manufacturing and change the way the world makes things
  • Belief in ability to contribute to the team

Responsibilities

  • Contribute to Formic's team in a role that matches your skills (specific opportunities determined upon review)

Skills

Key technologies and capabilities for this role

RoboticsAutomationManufacturing

Questions & Answers

Common questions about this position

What benefits does Formic offer its employees?

Formic provides a comprehensive benefits package including equity, competitive commission structure for eligible roles, 99% covered medical, dental, and vision insurance, fully covered additional insurances, EAP, paid parental leave, 401(k), home office stipend, and monthly cell-phone reimbursement.

Is this position remote-friendly?

Formic offers a home office stipend for fully remote employees and supports a remote work environment, with benefits for full-time U.S.-based team members.

What is the compensation structure at Formic?

Compensation includes equity in Formic and a competitive commission structure for commission-eligible roles, with commission plans shared upon onboarding.

What kind of company culture does Formic have?

Formic fosters a mission-driven culture focused on revolutionizing American manufacturing through robotics and automation, valuing passion for impactful work and innovation to create abundance.

What makes a strong candidate for a role at Formic?

Strong candidates are passionate about robotics and automation, motivated to do impactful work, and inspired by Formic's mission to revolutionize manufacturing and re-industrialize the domestic supply chain.

Formic

Affordable factory automation solutions on demand

About Formic

Formic makes factory automation accessible and affordable for businesses by offering flexible automation solutions without significant upfront costs. Clients pay a low hourly rate for the use of automation systems, while Formic manages deployment, monitoring, and maintenance. The company tailors its solutions to meet specific client needs and provides 24/7 support, ensuring high reliability with a historical uptime of 99%. Formic's goal is to simplify the automation process, helping businesses improve efficiency and reduce labor costs.

Chicago, IllinoisHeadquarters
2020Year Founded
$57.5MTotal Funding
SERIES_ACompany Stage
Robotics & Automation, Industrial & ManufacturingIndustries
51-200Employees

Benefits

99% coverage for Medical, dental, & vision insurance plans (75% coverage for dependents)
Life insurance, Short Term Disability, & Long Term Disability plans
Employee Assistance Program
Paid parental leave
Equity
Company-sponsored 401k
$2,000 Home office allowance
Monthly phone & internet reimbursement
Flexible time off policy and 10+ company holidays
Bi-annual all-company retreats

Risks

Competition from established players like Waymo could overshadow Formic's market presence.
Rapid technological advancements may render Formic's offerings obsolete without continuous innovation.
Economic downturns could challenge Formic's pay-as-you-go revenue model.

Differentiation

Formic offers a pay-as-you-go model for automation, reducing financial risk.
The company provides 24/7 monitoring and maintenance, ensuring 99% uptime for clients.
Formic's tailored solutions adapt to specific client needs, enhancing operational efficiency.

Upsides

Formic secured $27.4 million in Series A financing, boosting growth potential.
Partnership with Mitsubishi enhances Formic's automation expertise and customer value.
Strategic leadership additions focus on scaling operations and financial infrastructure.

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