Scandit canters to $30m series B

Jul 30, 2018 •

The computer vision technology spinout from ETH Zurich has secured $30m in a GV-led round that included NGP Capital, bringing its total funding to $43m.

Scandit, a Switzerland-based computer technology spinout from ETH Zurich, raised $30m in a series B round on Thursday led by GV, the corporate venturing subsidiary of internet technology conglomerate Alphabet.

NGP Capital, the venture capital firm spun off from communications technology provider Nokia, also took part in the round, as did VC firm Atomico, the only named investor in Scandit’s $7.5m series A round in January 2017.

Founded in 2009, Scandit has created a software platform that helps any camera-equipped…

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