“Augmented reality for enterprise” is the sort of phrase that surely hits all of the right neurological pleasure centers for VCs. No surprise, then, that Scandit just raised a $30 million Series B, in a round led by GV (née Google Ventures) and NGP Capital. That joins a previous $13 million raise for the Zurich-based startup.
We highlighted the company back in early 2017. At the time, its mission was focused on weaning enterprises off of pricey proprietary scanning hardware — instead, its technology leveraged standard smartphones with custom software on top. AR has also always been a key part of the Scandit picture.
The company has focused on the Microsoft Hololens and other wearable displays as ways to help streamline warehouses. “A number of data capture use cases for HoloLens come to mind,” the company wrote in a 2016 blog post. “For example, a warehouse associate with a HoloLens headset could be directed with virtual markers to the correct items. They could then use the built-in HoloLens camera for hands-free scanning. HoloLens could also indicate where an item should be placed once it is scanned, or deliver additional information about scanned objects.”
This latest round will go toward growing the company globally and introducing its technology across various mobile platforms or “any camera-equipped device,” as it puts it in a press release tied to the news.
“This new funding will enable us to keep up our rapid growth, but also, looking at the bigger picture,” says CEO Samuel Mueller, “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.”