Formic raises $50M to bring general-purpose robots to US factories

T2Covered by 1 source · first reported by TNW at 23 Oct, 11:56 UTC

Formic, a Chicago company that rents robots to American factories, has raised $50M. Today its robots are built for specific tasks. The money will help it move to general-purpose machines that can take on more kinds of factory work. Axios first reported the round on Thursday, after chief executive…