Scandit AG, commonly referred to as Scandit, is a

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technology Technology is the application of knowledge to reach practical goals in a specifiable and reproducible way. The word ''technology'' may also mean the product of such an endeavor. The use of technology is widely prevalent in medicine, science, ...

company that provides smart data capture software. Their technology allows any smart device equipped with a camera to scan barcodes, IDs and text and to perform additional functions using

augmented reality Augmented reality (AR) is an interactive experience that combines the real world and computer-generated content. The content can span multiple sensory modalities, including visual, auditory, haptic, somatosensory and olfactory. AR can be de ...

and advanced analytics. The company has more than 550 employees, operating from offices in Zurich,

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, Singapore and

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. In 2022, the company completed its Series D

venture round A venture round is a type of funding round used for venture capital financing, by which startup companies obtain investment, generally from venture capitalists and other institutional investors. The availability of venture funding is among the ...

, reaching a valuation of US$1 billion. Scandit's core business is to provide computer vision-based smart data capture technology that enables barcode scanning, text and object recognition for enterprise workflows. Their smart data capture SDK's are deployed in a range of industries such as retail, transport and logistics and manufacturing for use cases including inventory management, order fulfilment, store operations, mobile self-scanning, asset tracking and field operations. Scandit Smart Data Capture technologies are used by three of the top five global courier companies and eight of the top ten US grocers.

History

The three founders namely, Samuel Mueller, Christian Floerkemeier, and Christof Roduner met as doctoral students studying at

ETH Zurich (colloquially) , former_name = eidgenössische polytechnische Schule , image = ETHZ.JPG , image_size = , established = , type = Public , budget = CHF 1.896 billion (2021) , rector = Günther Dissertori , president = Joël Mesot , ac ...

in 2009. Initially they set to work on a ten-year-old concept developed by their tutor Friedemann Mattern who had explored the potential of then low-resolution smartphone cameras as barcode scanning devices. With a proof-of-concept in place, Scandit was formed a year later in 2010 to bring the product to market. In recognition of the technology's potential, Samuel Mueller was awarded the Fast Start award at the 2011 edition of the ACES awards, organised by the Science, Business Innovation Board. In the same year, Scandit was awarded the CTI Startup Label and debuted at 89th on the annual Top 100 Best Swiss Startups league table. Scandit was also recognised on the world stage, winning a US$150,000 prize in the Calling All Innovators competition run by

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. In 2017 Scandit raised US$7.5 million

Series A funding A series A round (also known as series A financing or series A investment) is the name typically given to a company's first significant round of venture capital financing. The name refers to the class of preferred stock sold to investors in exchan ...

to drive development of their mobile barcode scanning technologies.

Series B A venture round is a type of funding round used for venture capital financing, by which startup companies obtain investment, generally from venture capitalists and other institutional investors. The availability of venture funding is among the ...

followed in July 2018, raising a further US$30 million to drive development of new solutions. A third round of funding (Series C) was secured in May 2020 as demand for ‘contactless apps’ surged. At the same time, Scandit reported recurring revenues had tripled and their customer base had doubled in the previous two years. In October 2020,

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announced a new partnership with Scandit. Under the terms of the agreement, Scandit's mobile computer vision software would be integrated into Samsung's Knox framework and deployed initially on the Android-powered Galaxy Xcover Pro smartphone. In April 2021 Scandit's computer vision technology was selected by the

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to digitize the

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program in the UK. The system was used at all fixed and mobile test sites, in home-testing kits and at schools to conduct over 1.2 million tests every day. In July 2021

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partnered with Scandit to add barcode scanning capabilities to their AppSheet development platform. In February 2022, Scandit raised US$150 million Series D funding, pushing Scandit's market valuation above US$1 billion. Scandit also reported that their annual recurring revenue had doubled since May 2020 with over 1,700 global customers in both B2B and B2C sectors. In the same month,

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announced their new SAP Warehouse Operator app for the Apple iPhone will include the Scandit barcode scanning SDK. Scandit technology had previously been included in SAP Fiori for

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too. In March 2022, Scandit was ranked as one of the 100 most promising B2B retail tech companies in the world by CB Insights. A few months later, Scandit was named as one of Switzerland's ten most valuable startups after achieving

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status. In July 2022 the Scandit Barcode Scanner SDK (including MatrixScan) was made available on the

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Marketplace for use in AI-powered decisioning and workflow automation projects.

Products

Scandit's core capabilities include software-based barcode scanning, ID scanning and text recognition functionality. Scandit describes their product and support ecosystem as the ‘Smart Data Capture platform’. The platform incorporates the enterprise-grade barcode scanning and text recognition software library (SDK) base product, driven by proprietary computer vision algorithms. The SDK can be integrated into third-party apps, allowing any smart device with a camera, such as smartphones, to become a mobile barcode scanner. The SDK can be complemented by more complex features such as image processing, analytics and augmented reality. As well as these core capabilities, Scandit also provides additional functionality including MatrixScan, which captures and decodes multiple barcodes simultaneously, and ShelfView which uses proprietary image recognition technology and augmented reality for stock management by retailers.

References

{{reflist, 30em Swiss companies established in 2009 2009 establishments in Switzerland Swiss brands Software companies established in 2009 Automatic identification and data capture