About CareAR
CareAR is a company based in Austin (United States) founded in 1999 by Sam Waicberg and Chetan Gandhi was acquired by Xerox in January 2021. CareAR has raised $10 million across 1 funding round from investors including ServiceNow and Xerox. CareAR offers products and services including CareAR Assist, CareAR Instruct, and CareAR Experience Builder. CareAR operates in a competitive market with competitors including Atheer, Librestream, Scope AR, Help Lightning and Augmentir, among others.
- Headquarter Austin, United States
- Founders Sam Waicberg, Chetan Gandhi
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Carear Holding Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
Sep 02, 2021
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Investors
ServiceNow
& 1 more
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Employee Count
Employee Count
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Acquired by
Xerox
(Jan 28, 2021)
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Products & Services of CareAR
CareAR offers a comprehensive portfolio of products and services, including CareAR Assist, CareAR Instruct, and CareAR Experience Builder.
Enables remote visual assistance for quick issue resolution.
Delivers step-by-step AR instructions for technicians and training.
Facilitates no-code building of interactive digital workflows.
People of CareAR
Unlock access to complete
Funding Insights of CareAR
CareAR has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $10.0M
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First Round
First Round
(02 Sep 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series A - CareAR | Valuation | ServiceNow |
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Investors in CareAR
CareAR has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include ServiceNow and Xerox.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Unified IT management is delivered through a cloud-based platform.
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Founded Year | Domain | Location | |
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Digital document solutions are provided for office and business needs.
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Founded Year | Domain | Location |
Investments & Acquisitions by CareAR
Financial Statements - CareAR
Carear Comparisons
Competitors of CareAR
CareAR operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Atheer, Librestream, Scope AR, Help Lightning and Augmentir, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Augmented reality platform for enterprise applications is provided.
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| domain | founded_year | HQ Location |
On-site video collaboration solutions are delivered to service businesses.
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| domain | founded_year | HQ Location |
AR-based software for remote assistance support is provided.
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| domain | founded_year | HQ Location |
Augmented reality solutions for remote collaboration are provided.
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| domain | founded_year | HQ Location |
Provider of a platform offering AR solutions for industrial front-line workers
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| domain | founded_year | HQ Location |
Provider of a cloud-based visual collaboration platform
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Frequently Asked Questions about CareAR
CareAR was founded in 1999 and raised its 1st funding round 22 years after it was founded.
CareAR is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Sam Waicberg is the current CEO of CareAR. They have also founded this company.
CareAR is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on Sep 02, 2021.
Provides augmented reality-based visual support solution. It allows users to connect with an available expert for real-time guidance in a superimposed environment and enables to see what customers, employees, or field staff sees through live video. Also enables users to visually collaborate using digital AR tools for enhancing remote assistance guidance and supports the capturing recording content to share with support teams. The company offers platform for field services, customer services and IT service management applications.
CareAR offers CareAR Assist, CareAR Instruct, and CareAR Experience Builder.
CareAR has 2 investors. Key investors include ServiceNow, and Xerox.