Formic

“Like, when we talk to the states, most of them say, like, we can't give out these grants. Like, nobody's using it because people don't know what to buy. They don't know how to buy it. And once they buy it, they're like, they can't handle the responsibility of …”

“Articulated six axis robot arms are still the vast majority of use cases, right?”

“We make all the nachos for Chipotle and dog food and cat food and laundry detergent.”

“To be honest, like the form factor is kind of irrelevant because in all of these types of robots that you're talking about, you have a couple of motors and some motion control, right? Like it's actually if you can abstract away the software enough, like all of…”

“The problem today is that they're just generally too slow for us to be able to use them in a kind of commercial setting, but I think that'll get better in the next few years.”

“From the hundreds of robots that we've deployed today, less than five percent of my deployment cost is programming the robot to do the thing.”

“Like a six axis robot has six motors a humanoid, most of these humans that we've seen have something like 30 to 50 motors, right? And so just, you're just talking about like the wear on the motor, we have to go out and lubricate these joints and replace motors…”

“We have hundreds of them across more than a hundred factories now in the U S that are using our robots to produce all kinds of products.”