We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » Scandit secures $7.5m Series A round from Atomico as data capture shifts to smart devices
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Scandit secures $7.5m Series A round from Atomico as data capture shifts to smart devices

January 10, 2017
No Comments

Scandit, the internationally acclaimed enterprise mobility and data capture innovator, has closed a $7.5m Series A funding round with Atomico, the leading global 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."

Teddie Wardi, Partner at Atomico, said: "What Samuel and his team have achieved is testament to a winning combination of an exceptional product and team. They are exactly the kind of founders we look for, who have built a company that, through disruptive technology, is ready to expand and become a global category leader. We're excited to partner with Samuel and the team as they develop their stronghold.

"There is a wave of founders and engineers in Europe using deep technology to unlock huge value in traditional sectors. Scandit is bringing that vision to life and we can't wait to see what's next."

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.

Research carried out by Scandit, based on publicly available pricing data, found that legacy scanners offered by industry incumbents have a total cost of ownership (TCO) up to 5x higher than a Scandit-based system.

Today, Scandit is transforming the business operations of multinational companies, lowering TCO and establishing real-time operational visibility across healthcare, retail, logistics, manufacturing and government. Key clients include Coop group, GE Healthcare, Home Depot, Macys, Shell, PostNL and Verizon.

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

Enterprise customers can now select from a variety of workflow-based data capture solutions that best suit their business, such as proof of delivery, inventory management and order entry - all built on Scandit's Flow platform, an array of powerful, customizable mobile development tools and cloud services, which facilitate large-scale mobile data capture on smart devices and deliver real-time operational visibility into enterprise business processes.

More Info: http://www.scandit.com

Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
  • Related Articles

    Scandit CTO to Discuss Supply Chain Data Capture Transformation at GS1 Connect 2017

    XStream Trucking Secures $10.5 Million Series A Funding Round Led by Autotech Ventures and Calibrate

    KINETIC Secures $11.25 Million Series A Funding; Adds Prologis Ventures to Its Investor List

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Schneider welcomes first battery-electric truck

  • Fred Smith is not worried about Amazon

  • Outlook 2023: What’s in store for logistics/supply chain?

  • Ports, maritime operators see tide turning as ocean freight tsunami subsides

  • In Person: Steve Beverly of Penske

Now Playing on DCV-TV

D991bf51 52ad 4867 98ff b56f4fe5dd93

State of the Industry: Fluctuations & Normalcy

DCV-TV 4: Viewer Contributed
In this second of a four-part State of the Industry video series, Greg Orr shares insights on the shifting fortunes of a cyclical truckload market and what passes for normalcy in this economy. The truckload market is famous for its boom-and-bust cycles. A downturn in the economy sends the market reeling with too...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing