Overview

Scope AR provides an augmented reality platform designed for businesses to enhance remote assistance and create work instructions. Their main product, the WorkLink platform, enables users to develop detailed, step-by-step instructions with animated AR overlays without needing any coding skills. This functionality allows organizations in industries like aerospace, defense, life sciences, and manufacturing to effectively share knowledge and support employees in completing complex tasks while receiving real-time assistance. Unlike many competitors, Scope AR focuses on delivering tailored AR solutions specifically for large enterprises, which helps improve operational efficiency and minimize downtime. The company's goal is to empower organizations by making expertise more accessible and enhancing productivity through their AR technology.

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

$11.8M

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

$30M

View all funding stages