Overview

Scope AR provides an augmented reality platform designed for businesses to enhance remote assistance and work instructions. Their main product, the WorkLink platform, enables users to create detailed, step-by-step work instructions with animated AR overlays, all without needing to know how to code. This functionality allows employees in various industries, such as aerospace, defense, life sciences, and manufacturing, to perform complex tasks more easily and receive real-time support from remote experts. Unlike many competitors, Scope AR focuses specifically on enterprise solutions, catering to large organizations that seek to improve efficiency and minimize downtime. The company's goal is to help businesses capture and share expertise effectively, ultimately leading to better operational performance.

Simplify's Take

What believers are saying

• Growing demand for AR in hybrid work models boosts Scope AR's market reach.
• Increased interest in AR for aerospace and defense expands Scope AR's client base.
• Rising investment in AR technologies aligns with Scope AR's business model.

What critics are saying

• Emerging AR startups offering lower-cost solutions threaten Scope AR's market share.
• Rapid technological advancements could render Scope AR's offerings obsolete.
• Economic downturns in key industries may reduce demand for AR solutions.

What makes Scope AR unique

• Scope AR offers a no-code platform for creating AR work instructions.
• The WorkLink platform provides real-time remote support with AR overlays.
• Scope AR serves diverse industries, including aerospace, defense, and manufacturing.

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Funding

Total Funding

$11.5M

Below

Industry Average

Funded Over

2 Rounds

Notable Investors:

Y Combinator

Notable Investors:

Y Combinator

$9,700,000

Series A

Mar 2019

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Below Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$9.7M

$15M

$100M

View all funding stages