Scaling Robotics
This Episode In Episode 7, we speak with Saman Farid, Co-founder and CEO of Formic [https://formic.co/]. Formic is a Robots as a Service (RaaS) company that owns, deploys, and manages robot fleets inside U.S. manufacturing facilities, with robots actively running in production across more than 100 factories and on track to become the largest independent robot fleet in the country. Before founding Formic, Saman co-founded Comet Labs [https://cometlabs.io/], an AI-focused VC fund that backed 40+ robotics and automation companies, then joined Baidu Ventures [https://www.baidu-venture.com/about/] to help run their $600M global AI fund. He's sat on the boards of more than 30 robotics companies, and what he saw from that vantage point is what convinced him to stop investing and start building. We discuss how to align incentives with the RaaS model, how Formic built the three infrastructure pillars — software, operations, and financial — needed to make long-term RaaS, and why pre-deployment scoping is the most underrated part of a successful rollout. Plus, Saman's take on why so many robotics companies get trapped in proof-of-concept purgatory, and what American companies need to learn from China's robotics ecosystem, a question he's uniquely qualified to answer, having grown up in Beijing and spent years investing across both markets. Timestamps (0:06) Introduction (3:25) Why Robots as a Service (7:12) Building the Infrastructure for RaaS (13:26) The Deployment Playbook (18:16) The Importance of Pre-Work and Battle Scars (20:22) 24/7 Support and Monitoring (26:12) Advice for Scaling Your First Fleet (29:17) Why Companies Get Stuck in Proof of Concept Purgatory (33:57) Lessons from China's Robotics Ecosystem (37:52) Closing Advice
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