Scandit raises $30M in series B financing round


The enterprise technology platform for mobile vision, barcode scanning and augmented reality, Scandit, announced today the completion of a $30M series B financing round. It was led by GV, with participation from NGP as well as existing investor Atomico among others.


Scandit’s mobile data capture platform enables the capturing and decoding of text, objects, and other visual identifiers using wearables, drones, robots, or stationary cameras. Objects can thus be identified, tracked, and superimposed with relevant digital information without requiring them to have a computer chip embedded or to be connected online. Retail and logistics companies using Scandit include Sephora, DHL, Levi Strauss and Louis Vuitton.

Today, Scandit announced the closing of a $30M series b financing round. The new funding will enable Scandit to accelerate global expansion and further develop its mobile computer vision platform to support advanced capabilities across any camera-equipped device. «This new funding will enable us to keep up our rapid growth and increase the overall adoption of mobile computer vision and augmented reality in the enterprise, which will help to streamline operations», said Samuel Müller, CEO of Scandit.

The funding was led by GV, the venture capital investment arm of Alphabet Inc., with participation from NGP Capital and existing investor Atomico among others. «The Scandit team has demonstrated great execution, ingenuity, and persistence since founding the company. As a team of world-class entrepreneurs, we are very proud to back Scandit in the next phase of their journey», said Bo Ilsoe, Partner at NGP Capital.

(Press Release/ SOK)

(Picture: Scandit)