Scope AR’s $9.7M Series A

March 21, 2019

Scope AR’s $9.7M Series A

I’m ecstatic to announce that Scope AR has raised a $9.7M Series A! This follows a strong year for Scope AR and we’re on track to have an even better 2019. We’re so excited to have the resources we need to grow and to take advantage of the amazing opportunity that lies before us, which is nothing less than transforming how people perform work in the heavy industries. We’re just at the beginning of the journey with augmented reality-enabled applications, and we have a clear and expanding vision of what is needed to become the global leader in workforce knowledge management.

When we built our first augmented reality project back in 2012, we were blown away by the market opportunity that presented itself, and today is another milestone in enabling front line workers to receive the information they need to do their jobs more effectively. It’s only a matter of time before this technology is in the hands of every blue-collar worker, and it’s extremely exciting to be on the front lines of this world-changing technology, particularly with the recent advances in hardware which are finally allowing our dream to come to fruition.

In 2018, Apple and Google both got into the AR game with ARKit and ARCore, and Microsoft made a big push with their Hololens headset. With the support of these hardware players and billions of devices ready to take advantage of this amazing technology, AR seems ready to take off, and Scope AR is poised to take advantage of this changing landscape. The core ethos around the company is knowledge transfer – getting knowledge into a worker’s hands as soon as possible, enabling them to have the knowledge they need, when they need it. We have accomplished that goal in a couple of core capabilities:

  • Remote AR (Remote Assistance), the first AR-enabled remote assistance app, which allows a front-line technician to obtain knowledge and collaborate with someone who has that knowledge in real time, with the enabling technology of augmented reality providing that key communication medium that you just don’t get with FaceTime or Skype.
  • WorkLink, the first no-code authoring platform, which allows non-technical users to create intuitive, visual work instructions for virtually any worker to receive intuitive, visual guided instructions for the purposes of training, maintenance, or assembly.

And we aren’t done yet! Stay tuned for some great announcements in the next few months.

Continuing to look ahead, Scope AR will use this round of capital to grow our sales and marketing teams, as well as our development teams. We have an extensive roadmap to build to become the global leader in workforce knowledge management. To help guide us in this journey, I’m extremely happy to welcome Wayne Hu of SignalFire and Krishna K. Gupta of Romulus Capital to the board of directors.

I’m very excited about the future and what we’ll be able to achieve with these additional resources. And if you’re looking to join a rockstar team with huge ambitions to change the world – we’re hiring!

 

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