Scandit bags $30m in Series B

Mobile computer vision, barcode scanning and augmented reality venture, Scandit, has raised $30 million in Series B funding led by GV, with participation from NGP Capital and existing investor Atomico. The company has previously raised $13 million.

The new funding will enable it to accelerate global expansion and further develop its mobile computer vision platform to support advanced capabilities across any camera-equipped device.

“We’re thrilled to have GV and NGP Capital as partners. Both have a deep understanding of the opportunities that exist for advanced mobile computer vision,” says Samuel Mueller, CEO at Scandit, whose clients include Sephora, Louis Vuitton, DHL and Levi Strauss & Co.

“This new funding will enable us to keep up our rapid growth, but also, looking at the bigger picture, it’s going to increase the overall adoption of mobile computer vision and augmented reality in the enterprise, which will help to streamline operations and lead to cost savings.”

“The Scandit team has demonstrated great execution, ingenuity and persistence since founding the company. We are very proud to back Scandit in the next phase of their journey,” says Bo Ilsoe, Partner at NGP Capital.