Faro Overview

  • Year Founded
  • 2019

Year Founded

  • Status
  • Private

  • Employees
  • 59

Employees

  • Latest Deal Type
  • Series B

  • Latest Deal Amount
  • $37.3M

  • Investors
  • 11

Faro General Information

Description

Developer of a cloud-based medical platform designed to standardize, automate, and streamline clinical trial challenges. The company's platform uses an integrated clinical development environment that simplifies the design and authoring of complex clinical studies by harnessing smart digital protocols and provides in-context, intuitive insights during authoring, enabling clinical researchers to optimize study designs.

Contact Information

Website
www.farohealth.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 9645 Scranton Road
  • Suite 170
  • San Diego, CA 92121
  • United States
+1 (619)
Primary Industry
Other Healthcare Technology Systems
Other Industries
Discovery Tools (Healthcare)
Vertical(s)
CloudTech & DevOps, SaaS, HealthTech
Corporate Office
  • 9645 Scranton Road
  • Suite 170
  • San Diego, CA 92121
  • United States
+1 (619)

Faro Timeline

2023202420252026
Financing RoundCaptured Employee CountEstimated Employee Growth

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Faro Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Later Stage VC (Series B) 26-Aug-2026 $37.3M Completed Generating Revenue
4. Early Stage VC (Series A1) 08-Feb-2023 Completed Generating Revenue
3. Accelerator/Incubator 25-Jan-2023 Completed Generating Revenue
2. Early Stage VC (Series A) 03-Jun-2021 $15M $18.3M Completed Generating Revenue
1. Seed Round 02-Aug-2019 $3.3M $3.3M Completed Startup
To view Faro’s complete valuation and funding history, request access »

Faro Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series B2
Series B1
Series A1
Series A 10,038,142 $0.000100 8% $1.49 $1.49 1x $1.49 15.64%
Seed 6,255,924 $0.000100 8% $0.53 $0.53 1x $0.53 9.74%
To view Faro’s complete cap table history, request access »

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Faro Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a cloud-based medical platform designed to standardize, automate, and streamline clinical trial challenges.
Other Healthcare Technology Systems
San Diego, CA
59 As of 2026

Austin, TX
 
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Faro Competitors (1)

One of Faro’s competitors is Nurocor, a Venture Capital-Backed company based in Austin, TX.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Nurocor Venture Capital-Backed Austin, TX
You’re viewing 1 of 1 competitors. Get the full list »

Faro Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Faro Investors (11)

Investor Name Investor Type Holding Investor Since Participating Rounds
Ankona Capital Venture Capital Minority
MSD Global Health Innovation Fund Corporate Venture Capital Minority
PTX Capital Venture Capital Minority
General Catalyst Venture Capital Minority
Microsoft for Startups Accelerator/Incubator
You’re viewing 5 of 11 investors. Get the full list »

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Faro FAQs

  • When was Faro founded?

    Faro was founded in 2019.

  • Where is Faro headquartered?

    Faro is headquartered in San Diego, CA.

  • What is the size of Faro?

    Faro has 59 total employees.

  • What industry is Faro in?

    Faro’s primary industry is Other Healthcare Technology Systems.

  • Is Faro a private or public company?

    Faro is a Private company.

  • What is the current valuation of Faro?

    The current valuation of Faro is .

  • What is Faro’s current revenue?

    The current revenue for Faro is .

  • How much funding has Faro raised over time?

    Faro has raised $75.6M.

  • Who are Faro’s investors?

    Ankona Capital, MSD Global Health Innovation Fund, PTX Capital, General Catalyst, and Microsoft for Startups are 5 of 11 investors who have invested in Faro.

  • Who are Faro’s competitors?

    Nurocor is a competitor of Faro.

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