CarMD
2024 Revenue
$25.4M
Funding
$0
YOY
1,385.8%
Team
22
Founded
2006
How CarMD CEO Leon Chen grew CarMD to $25.4M revenue with a 22 person team in 2024.
ased in Irvine, CA, CarMD is a leading-edge Software as a Service (SaaS) solutions provider. Their applications leverage and empower the capabilities of the On-Board Diagnostics (OBD2) port with decades of real-world automotive diagnostic data, collected, analyzed and maintained by a team of ASE-certified technicians and automotive experts. This enables their partners to turn their industry-changing ideas into real value for their end users. Their solutions are developed to service the automotive manufacturing, telematics and wireless industries. CarMDs easily deployed software reads and delivers information on the health and scheduled maintenance of the vehicle.
Last updated
CarMD Revenue
In 2024, CarMD's revenue reached $25.4M. The company previously reported $2.9M in 2024. Since its launch in 2006, CarMD has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | CarMD Hit $25.4m revenue in November 2024 |
| 2024 | CarMD Hit $2.9m revenue in October 2024 |
| 2023 | CarMD Hit $1.7m revenue in December 2023 |
| 2021 | CarMD Hit $1.3m revenue in April 2021 |
| 2006 | Launched with $0 revenue |
CarMD Valuation, Funding Rounds
CarMD is a bootstrapped Other IoT Software startup. Founded in 2006, CarMD has grown to $25.4M in revenue without raising any venture capital or outside funding.
As a self-funded Other IoT Software SaaS company, CarMD has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold |
|---|
CarMD Employees & Team Size
CarMD employs approximately 22 people as of 2026, up from 19 in 2023.
CarMD has 22 total employees in different roles and functions and 1 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2024 | Reached 22 employees (October 2024) |
| 2023 | Reached 19 employees (December 2023) |
| 2022 | Reached 18 employees (December 2022) |
| 2021 | Reached 18 employees (December 2021) |
| 2021 | Reached 16 employees (April 2021) |
Founder / CEO
Leon Chen
Ieon Chen. Founder & CEO Chen is the visionary behind CarMD.com Corp. He recognized the potential of OBD2 and cloud-based vehicle telematic technology nearly two decades ago.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for CarMD yet.
Frequently Asked Questions about CarMD
What is CarMD's revenue?
CarMD generates $25.4M in revenue.
Who founded CarMD?
CarMD was founded by Leon Chen.
Who is the CEO of CarMD?
The CEO of CarMD is Leon Chen.
How much funding does CarMD have?
CarMD raised $0.
How many employees does CarMD have?
CarMD has 22 employees.
Where is CarMD headquarters?
CarMD is headquartered in Irvine, California, United States.
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Compare CarMD to the industry
CarMD operates across multiple industries. Browse revenue, funding, and growth data for CarMD in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .