Citi
Citi is a investment bank based in USA. Its humanoid robotics portfolio includes Formic. Focus areas include Growth equity participation in industrial technology.
Portfolio companies (1)
Funding rounds (1)
Round size: $50M
Related news
US startup Formic raises $50 million to scale Physical AI
Formic announced $50 million in growth capital consisting of a Series B led by Mercato Partners, with participation from Light Ray Ventures, Lightscape Partners and Citi, plus debt financing from S2G Investments. The funding will accelerate Formic's expansion from task-specific automation into general-purpose robotics, support new applications such as metal fabrication, and deepen its work across aerospace, space, defense, medical, energy and the broader US industrial base. No specific robot model was named.
Formic Raises $50 Million to Scale Physical AI Across U.S. Manufacturing
Formic has raised $50 million to scale Physical AI across U.S. manufacturing. The provided article text contains only the headline, so no further details on the round, investors, or deployment plans are available.
Formic Raises $50 Million to Scale Physical AI Across American Manufacturing
Formic announced a $50 million funding raise to scale physical AI across American manufacturing. The supplied article text contains only the headline and does not specify the funding round, investors, valuation, or related robot models.