What is Scandit?
Scandit is at the forefront of smart data capture, empowering workers, customers, and businesses with unparalleled speed, accuracy, and intelligence. Its platform transforms everyday smart devices, including smartphones, drones, digital eyewear, and robots, into powerful data capture tools. By enabling these devices to read barcodes, text, IDs, and objects, Scandit automates complex processes and generates actionable insights. The company's technology excels in challenging conditions, accurately scanning data up to three times faster than dedicated scanners, even on damaged labels or in difficult lighting and angles. Scandit's innovative solutions are designed to deliver significant cost savings, improve employee retention, and foster greater customer loyalty, positioning it as a key player in the enterprise mobility and data capture market.
How much funding has Scandit raised?
Scandit has raised a total of $273M across 5 funding rounds:
Angel/Seed
$5.5M
Series A
$7.5M
Series B
$30M
Series C
$80M
Series D
$150M
Angel/Seed (2014): $5.5M, investors not publicly disclosed
Series A (2017): $7.5M led by Atomico
Series B (2018): $30M supported by GV, NGP Capital, and Atomico
Series C (2020): $80M featuring Salesforce Ventures, Google Ventures, NGP Capital, G2VP LLC, Kreos Capital Group Limited, Swisscom Ventures, and Atomico
Series D (2022): $150M backed by Forestay Capital, Swisscom Ventures, Atomico, and Warburg Pincus
Key Investors in Scandit
Atomico
Atomico is a European Venture Capital firm headquartered in London, with offices in Paris, Berlin and Stockholm. Its founder and CEO is Niklas Zennström, a serial entrepreneur who co-founded Skype and Kazaa.
Salesforce Ventures
Salesforce Ventures is the investment arm of Salesforce, a global leader in customer relationship management (CRM) software, focusing on cloud-based solutions for sales, service, and marketing.
Google Ventures
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors, focusing on enterprise solutions, life sciences, consumer products, and frontier technology innovations.
What's next for Scandit?
With its recent major strategic investment, Scandit is poised for accelerated expansion and further innovation in the smart data capture space. The substantial capital infusion, coupled with the backing of strategic partners, will likely fuel advancements in its platform's capabilities, potentially including enhanced AI-driven analytics and broader device compatibility. This funding will also support Scandit's global market penetration efforts, enabling the company to reach more enterprises seeking to optimize their operations through intelligent data capture. The company's trajectory suggests a continued focus on delivering tangible business value, driving efficiency, and enhancing user experiences across various industries, from logistics and manufacturing to retail and healthcare.
See full Scandit company page
