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Corporation
ELECTRONICS | Technical & Scientific Instrumentation
faro.com

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Investments

1

Partners & Customers

7

About FARO Technologies

FARO is a trusted source for 3D measurement technology. The Company develops and markets computer-aided measurement and imaging devices and software. Technology from FARO permits high-precision 3D measurement, imaging and comparison of parts and complex structures within production and quality assurance processes. The devices are used for inspecting components and assemblies, rapid prototyping, documenting large volume spaces or structures in 3D, surveying and construction, as well as for investigation and reconstruction of accident sites or crime scenes.

FARO Technologies Headquarter Location

125 Technology Park

Lake Mary, Florida, 32746,

United States

407-333-9911

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FARO Technologies Web Traffic

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Page Views per Million (PVPM)
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Latest FARO Technologies News

04:30 ET Airborne LiDAR Market |FARO Technologies Inc., GeoSLAM Ltd., Hexagon AB, among others to Contribute to the Market growt...

Sep 15, 2021

LiDar Market Expected to grow by $ 1.57 bn during 2021-2025 News provided by Share this article Share this article NEW YORK, Sept. 15, 2021 /PRNewswire/ -- The LiDAR market is set to grow by $ 1.57 bn, progressing at a CAGR of over 15.20% during 2021-2025. The LiDAR market vendors should focus on grabbing business opportunities from the airborne LiDAR segment as it accounted for the largest market share in the base year. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Technavio has announced its latest market research report titledLiDAR Market by Product, Application, and Geography - Forecast and Analysis 2021-2025 Factors such as expanding application areas of LiDAR technology, and growing demand for LiDAR solutions from wind powerplants will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The LiDAR market is fragmented, and the degree of fragmentation will accelerate during the forecast period. LiDAR Market 2021-2025: Segmentation Product South America To learn more about the global trends impacting the future of market research, download a free sample LiDAR Market 2021-2025: Vendor Analysis and Scope Some of the major vendors of the LiDAR market in the Electronic Equipment & Instruments industry include FARO Technologies Inc., GeoSLAM Ltd., Hexagon AB, LeddarTech Inc., Quanergy Systems Inc., Robert Bosch GmbH, SICK AG, Teledyne Technologies Inc., Trimble Inc., and Velodyne Lidar Inc. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. The report also covers the following areas: LiDAR Market size LiDAR Market industry analysis Market trend such as increased adoption of LiDAR in automotive applications is likely to emerge as one of the primary drivers of the market. However, factors such as the high cost of LiDAR sensors may threaten the growth of the market. Register for a free trial today and gain instant access to 17,000+ market research reports. Related Reports on Information Technology Include: Flexible Electronics Market -The flexible electronics market has the potential to grow by USD 15.16 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 8.54%. Download a free sample now! Field-Programmable Gate Array Market -The field-programmable gate array (FPGA) market has the potential to grow by USD 1.84 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 6.10% . Download a free sample now! LiDAR Market 2021-2025: Key Highlights CAGR of the market during the forecast period 2021-2025 Detailed information on factors that will assist lidar market growth during the next five years Estimation of the lidar market size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior The growth of the lidar market Analysis of the market's competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of lidar market vendors Table of Contents: Research methodology List of abbreviations Technavio's in-depth market research reports now include a thorough analysis of the COVID-19 impact on various markets to help industry leaders navigate their business through the new normal. About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact

FARO Technologies Investments

1 Investments

FARO Technologies has made 1 investments. Their latest investment was in present4D as part of their Corporate Minority on May 5, 2018.

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FARO Technologies Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/3/2018

Corporate Minority

present4D

Yes

1

Date

5/3/2018

Round

Corporate Minority

Company

present4D

Amount

New?

Yes

Co-Investors

Sources

1

FARO Technologies Acquisitions

13 Acquisitions

FARO Technologies acquired 13 companies. Their latest acquisition was HoloBuilder on June 07, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/7/2021

Loan

$991

$2.93M

Acquired

6

8/21/2020

Acquired

2

7/16/2018

Acquired

2

7/16/2018

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$99M

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10

7/9/2018

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$99M

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10

Date

6/7/2021

8/21/2020

7/16/2018

7/16/2018

7/9/2018

Investment Stage

Loan

Companies

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Valuation

$991

Total Funding

$2.93M

$99M

$99M

Note

Acquired

Acquired

Acquired

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Sources

6

2

2

10

10

FARO Technologies Partners & Customers

7 Partners and customers

FARO Technologies has 7 strategic partners and customers. FARO Technologies recently partnered with Boston Dynamics on November 11, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

11/19/2019

Partner

Boston Dynamics

United States

Unlocking Jobsite Data with Spot. Boston Dynamics Announces Construction Partnerships with HoloBuilder, FARO, and Trimble at Autodesk University.

`` With the partnership between FARO Technologies , Inc. and Boston Dynamics we are dramatically closer to meeting our customers ' demands for making scanning in construction an autonomous operation '' states Scott Diaz , Director of Business Development , AEC , FARO Technologies , Inc. `` This will be FARO Technologies , Inc. 's first live demonstration to show intent to meet customer and industry demand . ''

1

2/21/2019

Partner

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10

5/24/2017

Partner

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10

10/10/2016

Partner

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10

2/24/2016

Vendor

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10

Date

11/19/2019

2/21/2019

5/24/2017

10/10/2016

2/24/2016

Type

Partner

Partner

Partner

Partner

Vendor

Business Partner

Boston Dynamics

Country

United States

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News Snippet

Unlocking Jobsite Data with Spot. Boston Dynamics Announces Construction Partnerships with HoloBuilder, FARO, and Trimble at Autodesk University.

`` With the partnership between FARO Technologies , Inc. and Boston Dynamics we are dramatically closer to meeting our customers ' demands for making scanning in construction an autonomous operation '' states Scott Diaz , Director of Business Development , AEC , FARO Technologies , Inc. `` This will be FARO Technologies , Inc. 's first live demonstration to show intent to meet customer and industry demand . ''

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Sources

1

10

10

10

10

FARO Technologies Team

2 Team Members

FARO Technologies has 2 team members, including former Chief Financial Officer, Laura Murphy.

Name

Work History

Title

Status

Laura Murphy

Chief Financial Officer

Former

David Morse

Senior Vice President

Former

Name

Laura Murphy

David Morse

Work History

Title

Chief Financial Officer

Senior Vice President

Status

Former

Former

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