About FARO Technologies
FARO Technologies is a company based in Lake Mary (United States) founded in 1981 was acquired by AMETEK in May 2025.. FARO Technologies has raised $1.5 million across 2 funding rounds from investors including AMETEK and Lanmark Controls. FARO Technologies has completed 17 acquisitions, including ARAS 360, BuildIT Software & Solutions and CaTS GmbH. FARO Technologies operates in a competitive market with competitors including Renishaw, Occipital, KandaoVR, Mantis Vision and VoxelSensors, among others.
- Headquarter Lake Mary, United States
- Stage Public
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Phone
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Website
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Social
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Sales and Marketing
54 people
Software Development Team
25 people
Account Team
16 people
Leadership Team
15 people
Senior Team
15 people
Finance and Accounting
8 people
Legal and Compliance
5 people
Human Resources and Administration
5 people
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Funding Insights of FARO Technologies
FARO Technologies has successfully raised a total of $1.5M across 2 strategic funding rounds. The most recent funding activity was a Post-IPO round of $41.5 million completed in November 2003. 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 2
- Last Round Post-IPO — $41.5M
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First Round
First Round
(23 Apr 2001)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2003 | Amount | Post-IPO - FARO Technologies | Valuation |
investors |
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| Apr, 2001 | Amount | Seed - FARO Technologies | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FARO Technologies
FARO Technologies has secured backing from 2 investors. Prominent investors backing the company include AMETEK and Lanmark Controls. 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 |
|---|---|---|---|---|
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Laser marking control boards and software are manufactured for factories.
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Manufacturer of multiple electronic and electrical components for automobile and aerospace industry
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FARO Technologies
FARO Technologies has strategically engaged in corporate development activities, having acquired 17 companies. Notable acquisitions include ARAS 360, BuildIT Software & Solutions and CaTS GmbH. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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3D scanning mobile app for construction interiors is provided.
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2020 | ||||
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3D imaging and visualization software is provided for various applications.
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2016 | ||||
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Software solutions for public safety and law enforcement are offered.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - FARO Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Faro Technologies Comparisons
Competitors of FARO Technologies
FARO Technologies 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 Renishaw, Occipital, KandaoVR, Mantis Vision and VoxelSensors, 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 |
Provider of precision measurement, process control, motion control, and healthcare solutions
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| domain | founded_year | HQ Location |
Augmented reality-based 3D scanners for mobile devices are provided.
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| domain | founded_year | HQ Location |
Provider of cloud-based 3D stereo cameras for virtual reality-based applications
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| domain | founded_year | HQ Location |
3D capturing technology is developed for mobile devices and scanners.
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| domain | founded_year | HQ Location |
Developer of spatial and empathic computing technology using single photon sensors
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Faro Technologies
Frequently Asked Questions about FARO Technologies
When was FARO Technologies founded?
FARO Technologies was founded in 1981 and raised its 1st funding round 20 years after it was founded.
Where is FARO Technologies located?
FARO Technologies is headquartered in Lake Mary, United States. It is registered at Lake Mary, Florida, United States.
Is FARO Technologies a funded company?
FARO Technologies is a funded company, having raised a total of $1.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Apr 23, 2001.
What does FARO Technologies do?
FARO Technologies was founded in 1981 in Lake Mary, United States. Computer-aided measurement and imaging devices are developed and marketed for the metrology sector. Solutions for 3D measurement, imaging, and realization are provided to support production and quality management. Precision comparison of parts is enabled through these systems. Software for managing instruments and monitoring data is offered. Industries served include aerospace, shipbuilding, metalworking, and engineering.
Who are the top competitors of FARO Technologies?
FARO Technologies's top competitors include Renishaw, Occipital and Calterah Semiconductor.
How many acquisitions has FARO Technologies made?
FARO Technologies has made 17 acquisitions, including ARAS 360, BuildIT Software & Solutions, and CaTS GmbH.
Who are FARO Technologies's investors?
FARO Technologies has 2 investors. Key investors include AMETEK, and Lanmark Controls.
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