January 11, 2017

Scandit lands $7.5 million in venture funding

Data capture company will develop new scanner software for off-the-shelf smart devices.

By DC Velocity Staff

Data capture company Scandit will accelerate its development of data capture platforms for the logistics, manufacturing, and retail industries after landing $7.5 million in funding from a British venture capital firm, the company said Tuesday.

Following London-based Atomico's investment, Scandit will further develop its software-based, hardware-agnostic, data capture platform and cloud services, and add new sales offices across the U.S. and Europe.

Zurich-based Scandit was founded in 2009 by researchers from ETH Zurich, MIT, and IBM Research who believed they could exceed the capabilities of existing, dedicated data capture systems at a lower cost by running sophisticated software algorithms on off-the-shelf smart devices.

The company now provides its technology to users in the healthcare, retail, logistics, manufacturing, and government sectors, including clients such as Cardinal Health, Coop, The Home Depot, Macys, Shell, PostNL, and Verizon.

In recent months, Scandit has expanded its product portfolio beyond its Scandit Barcode Scanner software development kit (SDK), which allows companies to add scanning functionality to their own apps.

Customers can now choose from a range of data capture solutions such as proof of delivery, inventory management, and order entry. All are built on Scandit's Flow cloud services platform and use customizable mobile development tools that facilitate large-scale mobile data capture on smart devices and generate real-time operational visibility into business processes, the company says.

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