Formic Technologies launched with a program to hire fully customized robots from top vendors at a low hourly rate and no upfront cost. To help small and medium-size manufacturers benefit from automation, Formic handles every aspect of a financing and deployment, including scoping, engineering, purchasing, implementation and maintenance. The company guarantees uptime, with customers paying nothing for system downtime. “With Formic’s fundamentally different approach to financing and deployment, manufacturers can do more with automation without high costs or a lengthy and complicated purchasing and deployment process,” said Saman Farid, CEO and co-founder.