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Scandit Raises $30 Million To Accelerate Global Expansion, Product Development

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Scandit, a mobile data capture platform, has raised $30 million  in a Series B funding round to accelerate the company’s global expansion and product development. The latest round, led by GV, with participation from NGP Capital and existing investor Atomico, brings the company’s total funds raised to $43 million.

The funding will enable Scandit to further develop its mobile computer vision platform to support advanced capabilities across camera-equipped devices, and drive the company’s vision of bringing the Internet of Things (IoT) to everyday objects. Scandit plans to achieve this by harnessing smart devices and their commodity cameras as universal sensors through mobile computer vision and augmented reality (AR).

Companies in industries including retail, transportation and logistics, manufacturing, and health care use Scandit technology to create and power mobile apps for enterprise workflows, including mobile point of sale, mobile shopping, self-checkout, inventory management and proof of delivery. Current Scandit customers include Sephora, Louis Vuitton, DHL, and Levi Strauss & Co.

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