Scandit $30m funding to accelerate mobile vision platform growth

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Scandit have raised $30 million in Series B funding to accelerate global expansion and further develop its mobile computer vision platform to support advanced capabilities across any camera-equipped device. The funding will propel Scandit’s long-term vision of bringing the Internet of Things to everyday objects. Scandit achieves this by harnessing smart devices and their commodity cameras as universal sensors through mobile computer vision and augmented reality, leading to the seamless convergence of physical and digital worlds.

Companies in industries such as retail, transportation and logistics, manufacturing, and healthcare use Scandit’s technology to create and power mobile apps for crucial enterprise workflows like mobile point of sale, mobile shopping, self-checkout, inventory management, and proof of delivery. Over recent years, the digital transformation opportunities offered by Scandit’s mobile computer vision technology platform have resulted in a consistent doubling of growth and hundreds of leading brands as clients, including Sephora, Louis Vuitton, DHL, and Levi Strauss & Co.

Scandit has gone far beyond barcodes, smartphones, and tablets by enabling the capturing and decoding of text, objects, and other visual identifiers using wearables, drones, robots, or stationary cameras. In doing so, Scandit extends the Internet of Things to everyday objects by allowing them to be identified, tracked, and superimposed with relevant digital information without requiring them to have a computer chip embedded or be connected online.

Not only does Scandit reinvent how you scan and what you scan, but it also opens new possibilities for filtering what’s been scanned. This makes it possible to bring the online experience into the real world so you can see beyond objects and get valuable information to help make smarter decisions.

For example, retail associates can use Scandit’s mobile MatrixScan solution to scan an entire shelf at once and see real-time inventory data on the display via augmented reality overlay; transportation and logistics enterprises can read multiple packages in a single scan and have a specific package with special instructions highlighted on the screen; and consumers can scan a shelf at a grocery store and quickly identify items that are vegan or lactose-free.

“This new funding will enable us to keep up our rapid growth, but also, looking at the bigger picture, it’s going to increase the overall adoption of mobile computer vision and augmented reality in the enterprise, which will help to streamline operations and lead to cost savings.”
– Samuel Mueller, CEO of Scandit

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