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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
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.
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 | Source |
|---|
CEO
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.
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We do not have customer count information for CarMD yet.
CarMD employs approximately 22 people as of 2026, up from 19 in 2023, including 1 sales reps that carry a quota.
CarMD generates $25.4M in revenue.
CarMD was founded by Leon Chen.
The CEO of CarMD is Leon Chen.
CarMD is bootstrapped and has not raised outside funding.
CarMD has 22 employees.
CarMD is headquartered in Irvine, California, United States.
CarMD operates across multiple industries. Browse revenue, funding, and growth data for CarMD in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
Claim this profile2024 Revenue
$25.4M
Funding
$0
Team
22
Founded
2006
| Year | Milestone | Source |
|---|---|---|
| 2024 | CarMD Hit $25.4m revenue in November 2024 | |
| 2024 | CarMD Hit $2.9m revenue in October 2024 | Estimated |
| 2023 | CarMD Hit $1.7m revenue in December 2023 | Estimated |
| 2021 | CarMD Hit $1.3m revenue in April 2021 | |
| 2006 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 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) |
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