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Scandit Raises Series B to Bring IoT to Everyday Objects

July 30, 2018 / Ken Briodagh

According to a recent release, Scandit, an enterprise technology platform for mobile computer vision, barcode scanning, and augmented reality, has raised $30 million in Series B funding led by GV, with participation from NGP Capital and existing investor Atomico, among others. Scandit has previously raised $13 million. The new funding will enable Scandit to accelerate global expansion and further develop its mobile computer vision platform to support advanced capabilities across any camera-equipped device. The funding will propel Scandit’s long-term vision of bringing the Internet of Things to everyday objects. Scandit achieves this by harnessing smart devices and their commodity cameras as universal sensors through mobile computer vision and augmented reality (AR), leading to the seamless convergence of physical and digital worlds.