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
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Carear Holding Llc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$10 M (USD)
in 1 rounds
-
Latest Funding Round
$10 M (USD), Series A
Sep 02, 2021
-
Investors
ServiceNow
& 1 more
-
Employee Count
Employee Count
-
Acquired by
Xerox
(Jan 28, 2021)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of CareAR
CareAR offers a comprehensive portfolio of products and services, including CareAR Assist, CareAR Instruct, and CareAR Experience Builder. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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
-
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 |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CareAR
CareAR has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include ServiceNow and Xerox. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Unified IT management is delivered through a cloud-based platform.
|
Founded Year | Domain | Location | |
|
Digital document solutions are provided for office and business needs.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by CareAR
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - CareAR
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Augmented reality platform for enterprise applications is provided.
|
|
| domain | founded_year | HQ Location |
On-site video collaboration solutions are delivered to service businesses.
|
|
| domain | founded_year | HQ Location |
AR-based software for remote assistance support is provided.
|
|
| domain | founded_year | HQ Location |
Augmented reality solutions for remote collaboration are provided.
|
|
| domain | founded_year | HQ Location |
Provider of a platform offering AR solutions for industrial front-line workers
|
|
| domain | founded_year | HQ Location |
Provider of a cloud-based visual collaboration platform
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Carear
Frequently Asked Questions about CareAR
When was CareAR founded?
CareAR was founded in 1999 and raised its 1st funding round 22 years after it was founded.
Where is CareAR located?
CareAR is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of CareAR?
Sam Waicberg is the current CEO of CareAR. They have also founded this company.
Is CareAR a funded 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.
What does CareAR do?
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.
Who are the top competitors of CareAR?
What products or services does CareAR offer?
CareAR offers CareAR Assist, CareAR Instruct, and CareAR Experience Builder.
Who are CareAR's investors?
CareAR has 2 investors. Key investors include ServiceNow, and Xerox.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.