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At Formic, we're driven by the conviction that a future where automation empowers manufacturing is a brighter one. Manufacturing, a foundational pillar of global economies, faces a critical challenge: a labor shortage that threatens its very fabric. This challenge, compounded by the inefficiencies of traditional manufacturing processes, calls for a transformative solution.FORMIC IS MAKING AUTOMATION ACCESSIBLE TO THOSE WHO NEED IT MOST.Formic revolutionizes manufacturing by making automation accessible, especially to small and medium-sized manufacturers. We dismantle barriers to automation with a unique Robotics-as-a-Service (RaaS) model, eliminating the steep upfront costs and complexity that have historically sidelined smaller players, and a series of software tools that makes robots drastically faster, cheaper and less risky to deploy. Our approach democratizes access to the latest robotic systems, offering a scalable, flexible solution that aligns with the diverse needs of manufacturers.In an era where manufacturing's resilience is tested, Formic stands as the vanguard of the automation revolution, ensuring businesses of all sizes can thrive in the global marketplace.
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Founder And CeoFormic TechnologiesUnited States -
Founder & CeoFormic Technologies Oct 2020 - PresentChicago, Illinois, UsAt Formic, we make automation simple. We're dedicated to helping manufacturing businesses across the United States supercharge their productivity. Our cutting-edge robot fleet empowers factories to STACK, PACK, WELD, and TEND (CNC machines, presses, injection molding machines, and more) at speeds 2-3 times faster than before.Our versatile robots play a role in producing a wide array of products you know and love - from delicious chocolate chip cookies and matcha powder to critical aircraft components and truck locks, as well as quality golf carts and lawn mowers. We're on a mission to create a world of abundance through innovative automation solutions. Discover the impact of our technology at www.formic.co. -
Technology Pioneer 2023World Economic Forum Jun 2023 - PresentCologny, Geneva, ChFormic was selected by the World Economic Forum as one of the 100 most promising Technology Pioneers in the world, recognizing its contribution to improving advanced manufacturing -
Board Member / Board Observer / InvestorVarious Companies May 2014 - PresentGreenwich, Ct, UsAn incomplete list: Board Member - Veo RoboticsBoard Member - Plotlogic Board Member - PointcloudBoard Member - LightformBoard Member - Cubeworks Board Observer - AMP Robotics Board Observer - Machina LabsBoard Observer - Automation HeroBoard Observer - Simple MachinesBoard Observer - KebotixInvestor - Cobalt RoboticsInvestor - Avail MedsystemsInvestor - Ripcord RoboticsInvestor - GrabangoInvestor - Abundant RoboticsInvestor - IronOxInvestor - Covariant.aiInvestor - AtomwiseInvestor - Deep VisionInvestor - Shaper ToolsInvestor - SherlockInvestor - Near Protocol -
Venture PartnerBaidu Venture Oct 2020 - PresentBeijing, Beijing, CnContinuing to support our portfolio companiesCompanies I've invested in or support: http://saman.co/2020/06/10/Investments.html -
Partner & Head Of Us TeamBaidu Venture Nov 2017 - Sep 2020Beijing, Beijing, CnLed global (non-China) investments for Baidu Ventures ($600m AUM www.bv.ai) focused on AI and its transformation on traditional industries. I led investments in 40 companies. Including: [Airmap] [Avail Medsystems] [Covariant.ai] [Lightform] [Automation Hero] [AMP Robotics] [Ripcord] [Veo Robotics] [Plotlogic] [Lunewave] [Atomwise] [Sherlock Biosciences] [PointCloud] [Near Protocol] [Subtle Medical] [Strateos] [Machina Labs] [Plotlogic] and more -
Managing Partner / FounderComet Labs Sep 2015 - Nov 2017Comet Labs believes in proactively bringing about the technologies that will transform our lives. We are not content waiting by passively for the right deal to come across our desk. We are hellbent on bringing the convenience, efficiency, and magic of Artificial Intelligence into the physical world. In order to do so, we will scour the earth for the latest technologies, identify all the ways they can be used, and bring the right people into the room to turn them into a reality… and facilitate the process by investing capital.While at Comet Labs, I was lucky enough to lead investments into exciting companies such as Airmap, Ripcord, Abundant Robotics, 3scan, Cobalt Robotics, Matternet, IronOx, Shaper Tools, RBC Signals, Point One Navigation, Simbe Robotics, IAM Robotics, Prenav, Arch, Percolata, Deep Vision, Momentum Machines, Syntouch, Pluto.AI, OtoSense, DotDashPay, Alces and a few others still in stealth mode.www.cometlabs.io -
Co-Founder / Head Of Manufacturing & Supply ChainE-Commerce Startup Aug 2011 - Nov 2015Cross-border e-commerce managing multiple product brands. Managed all supply chain operations from manufacturing to logistics. Acquired in 2017.
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Director Of Silicon Valley OfficeLegend Star 联想之星 May 2014 - Sep 2015Spearheading Legend Star's investments in the bay area.Legend Star is the early stage investment arm of Legend Holdings, and one of the top rated and most prolific early stage tech-investors in China. (portfolio: http://www.lstar.vc/portfolio ) -
CeoFalama Mar 2013 - Jun 2014Logistics automation and route planning platform
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Project Engineering ManagerGlobal Partners United Sep 2011 - Jul 2013UsClean energy solution providers with sites across Southeast Asia in technologies such as coal gasification, biomass and MSW (municipal solid waste) to energy conversion processes.I led site-operations, procurement and project management. -
Regional Operations ManagerVerizon 2011 - 2011Basking Ridge, Nj, Us -
Mechanical Engineering R&D TeamHoneywell Technology Solutions, Inc. 2010 - 2010Charlotte, North Carolina, Us
Saman Farid Skills
Saman Farid Education Details
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Massachusetts Institute Of TechnologyMaster Of Business Administration (M.B.A.) -
Tsinghua UniversityMaster Of Business Administration (M.B.A.) -
The Cooper Union For The Advancement Of Science And ArtMechanical Engineering (Focus On Control Systems)
Frequently Asked Questions about Saman Farid
What company does Saman Farid work for?
Saman Farid works for Formic Technologies
What is Saman Farid's role at the current company?
Saman Farid's current role is Founder and CEO.
What is Saman Farid's email address?
Saman Farid's email address is saman@bv.ai
What is Saman Farid's direct phone number?
Saman Farid's direct phone number is +141553*****
What schools did Saman Farid attend?
Saman Farid attended Massachusetts Institute Of Technology, Tsinghua University, The Cooper Union For The Advancement Of Science And Art.
What are some of Saman Farid's interests?
Saman Farid has interest in Social Services, Children, Economic Empowerment, Civil Rights And Social Action, Education, Environment, Science And Technology, Disaster And Humanitarian Relief, Arts And Culture, Health.
What skills is Saman Farid known for?
Saman Farid has skills like Matlab, C++, C, Programming, Html, Photoshop, Java, Autocad, Microsoft Excel, Solidworks, Visual Basic, Software.
Who are Saman Farid's colleagues?
Saman Farid's colleagues are Tyler Matijevich, Ian Bernhardsgruetter, Spencer Gille, Sudhir Buddha, Michael Hughbanks, Jamice Bassett, Gary Young.
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