Data Capture & Auto ID

Data Capture, Bar Code Decoders, Scanners and Automatic Identification.

Data Capture Innovator Secures $7.5m VC Funding

10-Jan-2017
Data Capture Innovator Secures $7.5m VC Funding
Scandit, the enterprise mobility and data capture innovator, has closed a $7.5m Series A funding round with Atomico, a venture capital firm based in London.

The investment enables Scandit to further develop its software-based, hardware agnostic data capture platform and cloud services. The company also plans to expand its international footprint with new sales offices across the US and Europe.

Welcoming the investment, Scandit CEO and co-founder Samuel Mueller said: “Atomico is the perfect partner for us. They share our belief that the right product, backed by a team of innovative, dedicated people can change an entire industry. That includes an industry where a handful of incumbents hold three-quarters of the market share.

“Scandit offers power and flexibility that the existing players, despite their high price tags, simply cannot match. That’s due, in part, to our ecosystem of software and cloud services - including the Scandit Flow platform. Its versatility, combined with the efficiencies and cost savings associated with Scandit’s data capture solutions, is what our customers love and what enables them to fundamentally transform their businesses through the use of smart mobile solutions.”

Scandit was founded in 2009, by a group of PhD graduates and former researchers from ETH Zurich, MIT and IBM Research. They realized that modern off-the-shelf smart devices, running sophisticated software algorithms, could replicate, and even exceed, the capabilities of dedicated data capture systems at a fraction of the cost. The founders saw that their innovative approach to data capture was capable of serving enterprise, employee and consumer applications.