Formic Appoints Joel Onyshuk as Vice President of Sales and Todd Plotner as General Counsel

PRIVATEDec 12, 2024

Position

General Counsel

Company

Formic Technologies

Todd Plotner

tplotner@formic.co

Chicagomachinery

Description

Formic officially announced the appointment of Joel Onyshuk as its Vice President of Sales and Todd Plotner as the company’s first General Counsel. The appointments come following continued business growth and an additional Series A financing round of $27.4 million in June, aligning with the company’s goal to accelerate the adoption of automation across American manufacturing.

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Company Information

Company

Formic Technologies

Location

4212 W Cortez St

Chicago, Illinois, United States

About

Formic is a U.S.-based robotics and automation company founded in 2020. It focuses on making automation accessible for small-to-medium sized manufacturers across America, specializing in end-of-line automation solutions like case packing and palletizing. Formic helps manufacturers enhance capacity, consistency, and reliability while reducing costs and downtime. The company operates on a Robotics-as-a-Service (RaaS) model, allowing manufacturers to implement robotic automation without upfront costs. Customers pay a fixed monthly rate based on productivity, with Formic ensuring uptime and performance. This model addresses challenges such as high capital expenditure and labor shortages. Formic offers a full-service automation package, including custom-engineered robotic systems, 24/7 bilingual technical support, and proprietary software tools like Formic Production Intelligence for real-time production insights. Formic's technology is utilized across various manufacturing sectors, enabling efficient and safe automation of packing and palletizing tasks. The company's customer-centric approach emphasizes shared risk and reward, providing ongoing support and guaranteed performance to help manufacturers thrive.

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