Predict your next investment

Corporation
ELECTRONICS | Technical & Scientific Instrumentation
faro.com

See what CB Insights has to offer

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

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

FARO Technologies Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

FARO Technologies Rank

Latest FARO Technologies News

Worldwide Terrestrial Laser Scanning Industry to 2026 - Featuring 3D Systems, Creaform and FARO Technologies Among Others

Oct 15, 2021

The global terrestrial laser scanning market is expected to grow at a CAGR of around 4% during the forecast period (2021-2026). A terrestrial laser scanning system, also known as terrestrial LiDAR (light detection and ranging), is contact-free measuring equipment that collects dense point clouds of objects. It processes the data captured and assigns color, reflectance value and X, Y, Z coordinates to each point. It comprises a laser, keypad, scanner, mobile device, operating software and a TCP/IP interface. The terrestrial laser scanning system is a new and efficient technology being used for digitalizing large objects as well as preserving and sustaining heritage buildings. Terrestrial laser scanning systems offer high accuracy, faster data capture and positioning simplicity as compared to conventional measurement methods. There is currently a rise in the need for efficient real-time data collection equipment in the construction, oil and gas, and manufacturing industries. Consequently, the sales of terrestrial laser scanning systems are increasing worldwide, as it helps end users in reducing process costs by reducing the time taken for the completion of a project. Apart from this, the escalating demand for surveys and 3D laser scanning in the infrastructure industry, especially in the Asia Pacific and the Middle East, is accelerating the growth of the market. Furthermore, the leading market players are introducing improved and user-friendly terrestrial laser scanning systems that enable organizations to deploy less costly field labor which is expected to drive the market further. Key Market Segmentation The analyst provides an analysis of the key trends in each sub-segment of the global terrestrial laser scanning market, along with forecasts at the global, regional and country level from 2021-2026. The report has categorized the market based on region, solution, technology, laser type and application. Breakup by Solution

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.

CBI Logo

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

Subscribe to see more

$99M

Subscribe to see more

10

7/9/2018

Subscribe to see more

$99M

Subscribe to see more

10

Date

6/7/2021

8/21/2020

7/16/2018

7/16/2018

7/9/2018

Investment Stage

Loan

Companies

Subscribe to see more

Subscribe to see more

Valuation

$991

Total Funding

$2.93M

$99M

$99M

Note

Acquired

Acquired

Acquired

Subscribe to see more

Subscribe to see more

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

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

5/24/2017

Partner

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

10/10/2016

Partner

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

2/24/2016

Vendor

Subscribe to see more

Subscribe to see more

Subscribe to see more

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

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

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 . ''

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

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

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.