Japanese Cutting-Edge
Solutions for Metalworking
Japanese Cutting-Edge
Solutions for Metalworking
News
November 20, 2024
On October 22, Mitsubishi Electric announced an investment in U.S.-based startup Formic Technologies, marking the eighth investment project under the “ME Innovation Fund,” a corporate venture capital fund jointly operated with Global Brain (Shibuya, Tokyo, Japan; President: Yasuhiko Yurimoto).
Formic Technologies provides industrial robot design, development and maintenance through a subscription-based sales model. The company offers a one-stop solution for industrial automation systems, from design and implementation to installation and maintenance of robotic automation processes.
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