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Saman Farid
Supplying the world with a robot workforce
Saman Farid, recognized as a Technology Pioneer 2023 by the World Economic Forum, is a prominent figure in the fields of robotics, AI, and venture capital. Here are some key points about his background and achievements:
Current Role
- He is the founder and CEO of Formic Technologies, a company based in the San Francisco Bay Area that specializes in providing robotics solutions to increase the productivity and capacity of factories across the United States. Formic's robot fleet is designed to perform tasks such as stacking, packing, welding, and tending to CNC machines, presses, and injection molding machines, among others.234
Professional Experience
- Prior to founding Formic, Farid was a Venture Partner and the Head of the US Team at Baidu Ventures, where he led global (non-China) investments focused on AI and its impact on traditional industries. He invested in over 40 companies during his tenure.2
- He is also the founder of Comet Labs, an AI-focused investment fund and incubator that proactively seeks out and develops transformative AI technologies.2
Other Ventures and Roles
- Farid has co-founded and managed several other companies, including an e-commerce startup and a logistics automation platform. He has also worked on technology infrastructure projects in alternative energy and had short stints at companies like Verizon, Microsoft, and Honeywell.2
Education and Recognition
- While specific educational details for this Saman Farid are not provided in the sources, it is clear that he has a strong background in technology and innovation. Formic, under his leadership, was selected by the World Economic Forum as one of the 100 most promising Technology Pioneers in 2023.2
Additional Interests
- Farid is passionate about youth empowerment and is involved with organizations such as East Bay Lights.1
You can find more details about his work and investments on his personal website and LinkedIn profile under the username @samanfarid.
Highlights
Sep 23 · twitter
Humanity deserves to be rid of drudgery


