What is Scope AR?
Scope AR delivers the industry's only cross-platform AR tools designed to provide workers with essential knowledge precisely when needed. The company's integrated AR platform is transforming enterprise operations by enabling more effective and efficient knowledge-sharing for a wide array of applications, including remote task execution, employee training, product assembly, maintenance, repair, and field support. Its device-agnostic technology supports a range of hardware, including smartphones, tablets, and wearables, facilitating rapid scaling for leading organizations such as Unilever, Toyota, and Lockheed Martin. Founded in 2011 and headquartered in San Francisco with an office in Edmonton, Canada, Scope AR is at the forefront of AR adoption in the enterprise sector.
How much funding has Scope AR raised?
Scope AR has raised a total of $11.7M across 2 funding rounds:
Angel/Seed
$2M
Series A
$9.7M
Angel/Seed (2016): $2M with participation from Presence Capital Fund and Susa Ventures
Series A (2019): $9.7M led by North American Corporation, Susa Ventures, Romulus Capital, Haystack, Angel List, New Stack Ventures, and SignalFire
Key Investors in Scope AR
Presence Capital Fund
Presence Capital is an investment firm focused on virtual reality (VR) and augmented reality (AR) technologies, supporting entrepreneurs who are developing transformative applications for communication, work, and play.
Susa Ventures
Susa Ventures is an early-stage venture capital firm that invests in seed-stage startups, aiming to help build the next billion-dollar companies. They provide capital, community, and talent without taking board seats.
Romulus Capital
Romulus Capital is an early-stage venture capital firm that leads Seed and Series A rounds for B2B companies disrupting traditional industries or developing deep technology. They offer a hands-on approach to building great companies.
What's next for Scope AR?
The substantial enterprise-level funding and recent strategic investment signal a period of accelerated growth and market expansion for Scope AR. This capital infusion is likely to fuel further development of its AR platform, enhance its go-to-market strategies, and potentially broaden its reach into new industry verticals. The company's focus on providing practical, knowledge-driven AR solutions positions it to capitalize on the increasing demand for digital transformation and enhanced operational efficiency across global enterprises.
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