FARO
Develops portable 3D measurement, imaging, and realization technology for industrial metrology, inspection, and reverse engineering, supporting quality control in additive manufacturing workflows.
- CEO / Founder
- Peter Lau
- Team Size
- 1001-5000
- Stage
- Acquired
- Total Funding
- $20.0M
- Latest Round
- Acquired
Technology & Products
Key Products
FaroArm; FARO Laser Tracker; FARO Laser Projector; FARO Focus Laser Scanner; FARO Quantum ScanArm
Technological Advantage
Proprietary 3D measurement and imaging technology with a strong brand reputation in industrial metrology, protected by a portfolio of patents and trade secrets. The company's advantage is defensible through its established market position and continuous innovation in portable measurement solutions.
Differentiation
Value Proposition
Provides precise 3D measurement and inspection solutions that reduce quality control time and improve accuracy, enabling faster validation of manufactured parts including 3D-printed components.
How They Differentiate
FARO differentiates through its portable, user-friendly 3D measurement solutions with high accuracy and reliability, competing against Hexagon's broader metrology portfolio, Trimble's positioning focus, Creaform's portable scanning, and Renishaw's precision measurement systems.
Market & Competition
Target Customers
Manufacturing, engineering, quality assurance, construction, and public safety industries
Industry Verticals
Manufacturing; Aerospace; Automotive; Construction; Public Safety
Competitors
Hexagon AB; Trimble Inc.; Creaform; Renishaw
Growth & Milestones
Growth Metrics
Q4 2024 revenue of $93.5 million; acquired by AMETEK for $44.00 per share in cash, approximately $920 million
Major Milestones
Founded in 1981; IPO in 1997; Acquired by AMETEK in 2025
Notable Customers
Bemis Company Inc.; The Boeing Company; Thermal Structures Inc.
Funding rounds
- Acquired2025-07Lead: AMETEK · Source: PR
- IPO1997-10Source: Web