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Home World Regional News Europe

Scandit, the Smart Data Capture Pioneer, gets over €130M and becomes new Swiss unicorn

Femi Thomas by Femi Thomas
02/19/2022
in Europe
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Zurich-based Scandit, the global leader in smart data capture, has just received over €130 million and with it picks up the coveted unicorn status.
The oversubscribed funding round was led by Warburg Pincus with strong participation from Scandit’s existing shareholder base, including Atomico, Forestay Capital, G2VP, GV, Kreos, NGP Capital, Schneider Electric, Sony Innovation Fund by IGV and Swisscom Ventures.

Founded in 2009, the Swiss startup is pioneering the use of smart data to give ‘superpowers’ to workers, customers and businesses with impressive speed, accuracy and intelligence. The Scandit Smart Data Capture platform enables smart devices, such as smartphones, drones, digital eyewear and robots to capture data from barcodes, text, IDs and objects to automate and provide insights for end-to-end processes.

Scandit accurately scans data up to three times faster than dedicated scanners in challenging light or at angles, on damaged labels, across multiple codes, with any smart device – enabling innovation that delivers significant cost savings, increases employee retention and customer loyalty.

Since its Series C funding round in May 2020, the business has more than doubled its annual recurring revenue and now has over 1700 global customers including American Eagle Outfitters, Carrefour, FedEx, Levi’s Strauss & Co., Yamato Transport and Sephora.

 

Read more on Tech Gist Africa:

Munich’s Yoummday Lands €30M to Bring New Work Models into the World of Customer Services

Berlin-based Ada Health raises €26.2M

London-based KraftPal Technologies raises €108.8M

 

 

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