Scandit has welcomed back shareholders including GV, Schneider Electric, Sony and Swisscom for a round that made the ETH Zurich spinout a unicorn.
Scandit, a Switzerland-based data capture technology spinout of ETH Zurich, closed a $150m series D round led by Warburg Pincus yesterday that increased its valuation to more than $1bn.
The round included GV, Sony Innovation Fund by IGV and Swisscom Ventures, respective vehicles for conglomerate Alphabet, consumer electronics group Sony and telecoms firm Swisscom. Energy management and automation equipment manufacturer Schneider Electric also invested.
NGP Capital, the venture capital firm sponsored by telecoms firm Nokia, also took part, as did Atomico, Forestay Capital, G2VP and Kreos Capital.
Scandit has developed data capture technology that enables devices such as smartphones, drones, digital glasses or robots to recognise and scan barcodes, text, identity tags and objects, even in challenging light conditions, at angles, on damaged labels and across several labels at once.
Applications include ShelfView, enabling retail shelf management using augmented…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
