Scandit got a round A financing of 7.5 million US dollars by replacing barcode scanner with smart phone

Swiss startups have made achievements in enterprise applications, SaaS, financial technology and logistics. Recently, Scandit, a start-up company that provides QR code scanning, emerged. On January 10, the company obtained a round A financing of 7.5 million dollars invested by Atomico.



This Zurich based startup was founded in 2009, with founding team members from MIT, Zurich Institute of Technology and IBM Research Institute. In March 2014, the company obtained an angel round financing of 5.5 million dollars, and the investor was Ariel Luedi, a well-known angel investor.



The concept of Scandit is actually very simple. It wants to use the supporting hardware and software to replace the expensive barcode scanner with a smart phone camera. According to the demo released by the company, its technical accuracy is already quite high at this stage. It is reported that thanks to this latest investment, the company plans to increase its research and development efforts on its data acquisition platform and cloud technology, and will also enter the European and American markets, and set up local sales offices.



In fact, Scandit's software can help enterprise employees and consumers scan QR codes on any mobile application, but its main users are still enterprise customers. At present, Scandit scanning software can support smart phones, tablets and wearables, and can provide inventory management, proof of delivery, data entry and other services in logistics, health care, retail, manufacturing and other industries. At this stage, the company's customers include well-known household chain Home Depot, Macy's Department Store, General Electric Medical Group, Coop Group, PostNL, Shell Petrochemical and wireless network operator Verizon, with more than 1000 enterprise customers.



For this investment, Teddie Wardi, partner of Atomico venture capital, said:



The entrepreneurial team of Scandit Company left us a very deep impression, especially the founder Samuel, who is the kind of entrepreneur that any investor would like to find. Not only that, Scandit is also ready to become a global industry leader. The scanning products they developed have great potential for success.



Atomico venture capital was founded by Niklas Zennstrom, the co-founder of Skype, and has many successful investment cases, such as the Finnish mobile game development company Supercell, instant messaging application Skype, Truecaller, Viagogo, music streaming media company Rdio, and the "ancestor of the industry" Jawbone of wearable devices.