figure8

Company Overview

Snapshot

Founded in June 2016 by Yaniv Vakrat and Eran Vakrat, figure8 operated with 1–10 employees. The company was acquired by Care.com in January 2019, marking a significant exit in the urban mobility sector.

Business overview

figure8 developed a community-based mobile application designed to facilitate carpooling for parents. The platform aimed to simplify the coordination of rides for children's activities, provide scheduling reminders, and enhance parental peace of mind. Operating within the Automotive & Mobility Technologies sector, figure8 focused on urban mobility and served consumers, particularly parents, by leveraging mobile software and geolocation technologies.

Strategic signal

In October 2018, figure8 garnered attention for its high-tech approach to school carpooling in the US. This coverage highlighted the company's innovative solution for a common parental challenge, signaling its potential to streamline logistics and enhance safety in the shared mobility market.

Company Intelligence Q&A

When was figure8 acquired?

figure8 was acquired by Care.com in January 2019.

What is figure8's primary business model?

figure8 operates on a B2C (Business-to-Consumer) model, directly serving individual parents.

What product does figure8 offer?

figure8 offers a mobile application named Figure8, designed for carpooling and activity coordination among parents.

What was the focus of news coverage for figure8 in February 2018?

In February 2018, news highlighted how the Figure8 app made carpooling significantly easier for parents.

Which technologies does figure8 utilize?

figure8 utilizes machine learning, artificial intelligence, mobile applications, and smart mobility technologies to power its carpooling platform.