Scandit Raises $80M in Series C Funding

Scandit, a Zurich, Switzerland-based technology platform for mobile computer vision and augmented reality (AR) solutions for enterprises, raised $80m in Series C funding.

The round was led by G2VP, with participation from Atomico, GV, Kreos, NGP Capital, Salesforce Ventures and Swisscom Ventures.

The company intends to use the funds to further accelerate growth in new markets such as APAC and Latin America, expand its presence and operations in North America and Europe, and to develop new solutions using computer vision and AR.

Led by Samuel Mueller, CEO, Scandit is a computer vision and machine learning platform combining barcode scanning, text recognition (OCR), object recognition and augmented reality (AR) for any camera-equipped smart device – from familiar smartphones to drones, wearables and robots – to enable companies in retail, transport & logistics and manufacturing to create and power mobile apps or websites for mobile shopping, self checkout, inventory management, proof of delivery, asset tracking and maintenance.

Global customers include 7-Eleven, Alaska Airlines, Carrefour, DPD, FedEx, Instacart, Johns Hopkins Hospital, La Poste, Levi Strauss & Co, Mount Sinai Hospital and Toyota.



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