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Scandit Raises An Additional $80 Million In Funding

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Scandit, a mobile computer vision and AR platform, has raised $80 million in Series C funding in a round led by G2VP and joined by Atomico, GV, Kreos, NGP Capital, Salesforce Ventures and Swisscom Ventures.

This latest round increased Scandit’s total raised to $123 million, which will be used to accelerate growth in new markets, including Asia-Pacific and Latin America, as well as to expand the company’s existing presence in North America and Europe. The money also will support continued R&D efforts.

Scandit expects the rising demand for click-and-collect services to increase the need for mobile computer vision on associate’s smart devices, as a way to speed up the picking process.

“COVID-19 has shone a spotlight on the need for rapid digital transformation in these uncertain times, and the need to blend the physical and digital plays a crucial role,” said Samuel Mueller, CEO of Scandit in a statement. “The smartphone is a personal tool that can be deployed with powerful computer vision software to seamlessly interact with everyday objects and display real-time insights with AR-overlays. Our new funding makes it possible for us to help even more enterprises to quickly adapt to the new demand for ‘contactless business,’ and be better positioned to succeed, whatever the new normal is.”

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