[REVISION HISTORY]

US industrial robotics and automation funding

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What changed

2026-10-29 21:54 UTC → 2026-10-30 15:55 UTC · added ~~removed~~

Recent developments in the US industrial robotics sector show significant capital inflows for companies utilizing service-based automation models. In late October 2026, Chicago-based Formic secured $50 million in Series B equity and debt funding to expand its ‘robot-as-a-service’ model. The company intends to use the capital to move from task-specific automation toward general-purpose robotics and enhanced AI capabilities. Shortly thereafter, Foundry Robotics secured $100 million in a an oversubscribed Series A funding round ~~to expand its autonomous manufacturing platform.~~ led by Marlinspike Partners. The ~~company~~ round included participation from Khosla Ventures, Red Glass Ventures, SE Ventures, Wing VC, Axiom Ventures, and existing investors Hanabi and Zero Shot Fund. Foundry Robotics plans to ~~construct~~ use the capital to develop a ~~new~~ 130,000-square-foot ~~factory~~ facility in Emeryville, California, ~~to support~~ representing a twentyfold increase in its manufacturing footprint. Operating under a manufacturing-as-a-service ~~model~~ model, the company utilizes AI-powered robotic cells and its proprietary FoundryOS to provide flexible assembly capacity for complex electro-mechanical products. Targeted applications include drones, autonomous vehicle subassemblies, satellites, telecommunications gear, and wire harnesses. The company aims to provide domestic assembly capacity for the defense and industrial sectors ~~such as defense, telecommunications,~~ to address bottlenecks in traditional manufacturing where assembly lines are often rigid and ~~satellite production.~~ slow to reconfigure.

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