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Founded Year

2009

Stage

Series D | Alive

Total Raised

$273.14M

Valuation

$0000 

Last Raised

$150M | 3 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-38 points in the past 30 days

About Scandit

Scandit specializes in smart data capture solutions for various industries. It focuses on automating and streamlining end-to-end processes. The company offers a platform that transforms smart devices into powerful tools for scanning barcodes, text, IDs, and objects, providing fast and accurate data capture capabilities. Scandit's technology is utilized across multiple sectors, including retail, logistics, healthcare, and manufacturing, to enhance operational efficiency and customer experiences. It was founded in 2009 and is based in Zurich, Switzerland.

Headquarters Location

Hardturmstrasse 181

Zurich, 8005,

Switzerland

+41 44 586 4540

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Scandit's Product Videos

ESPs containing Scandit

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Industrials / Warehousing & Logistics Tech

The warehouse scanning systems market provides warehouse operators with tech-enabled scanning solutions such as barcodes and RFID tagging to enable more efficient and reliable tracking of inventory movement and location within the warehouse and to manage incoming and outgoing shipments. RFID solutions are more expensive than barcodes but offer advantages such as faster scanning and more reliable t…

Scandit named as Leader among 15 other companies, including Siemens, Honeywell, and Zebra Technologies.

Scandit's Products & Differentiators

    MatrixScan AR

    Scan barcodes and display information about the product/delivery/action to be taken on the device screen with an AR-overlay. Logistics firms choose Scandit mobile scanning with AR overlays to power employee apps for tasks such as van loading, warehouse process management or inventory management to reduce costs, increase efficiency or reduce errors.

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Research containing Scandit

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Scandit in 4 CB Insights research briefs, most recently on Aug 10, 2022.

Expert Collections containing Scandit

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Scandit is included in 11 Expert Collections, including AR/VR.

A

AR/VR

1,613 items

This collection includes companies creating hardware and/or software for augmented reality, virtual reality, and mixed reality applications.

S

Store tech (In-store retail tech)

1,989 items

Companies that make tech solutions to enable brick-and-mortar retail store operations.

S

Supply Chain & Logistics Tech

4,725 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

U

Unicorns- Billion Dollar Startups

1,258 items

G

Grocery Retail Tech

648 items

Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.

A

Artificial Intelligence

9,433 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

Scandit Patents

Scandit has filed 35 patents.

The 3 most popular patent topics include:

  • barcodes
  • image processing
  • digital photography
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/28/2023

11/5/2024

Grant

Application Date

6/28/2023

Grant Date

11/5/2024

Title

Related Topics

Status

Grant

Latest Scandit News

How QR codes and smart data capture are transforming retail

Dec 4, 2024

Jess Grisolia of Scandit envisions a future where AI-powered, multi-modal data capture revolutionises the retail experience. Share The retail industry is embracing a digital transformation, marked by the growing adoption of QR codes and smart data capture technologies. / Credit: Roman Zaiets via Shutterstock The retail landscape is undergoing a digital transformation, with QR codes emerging as a powerful alternative to traditional barcodes. Jess Grisolia, Industry Solutions Director for Retail at Scandit, highlights this shift: “QR codes provide retailers with much more than just a product identifier. They encode additional data like inventory information, supply chain details, and promotional content.” Go deeper with GlobalData This expanded functionality makes them a valuable tool for enhancing inventory management and customer engagement. Traditional barcodes, such as UPCs, have long dominated checkout processes due to their simplicity. However, as Grisolia explains, QR codes’ ability to carry more information is driving their adoption in broader retail contexts. “While traditional barcodes suffice for basic tasks, QR codes allow for richer interactions, such as offering promotional discounts or displaying product reviews directly to the customer.” This added capability aligns with retailers’ increasing focus on personalisation and efficiency. How well do you really know your competitors? Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge. Not ready to buy yet? Download a free sample We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form By GlobalData Submit Tick here to opt out of curated industry news, reports, and event updates from Retail Insight Network. Submit and download Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. Smart data capture revolutionises retail operations Beyond QR codes, smart data capture technologies are streamlining operations and elevating customer experiences. Scandit’s solutions allow retailers to use smartphones or other smart devices to scan not only barcodes but also objects, text, and QR codes, eliminating the need for specialised equipment. “This shift reduces costs while enhancing workflows, enabling real-time insights for inventory checks, stock replenishment, and order picking,” says Grisolia. Retailers are also integrating Scandit’s technology into mobile apps, enabling self-scanning. “Customers can scan items, compare prices, and complete transactions independently,” Grisolia explains. These innovations mimic the convenience of e-commerce, helping brick-and-mortar stores stay competitive. Scandit’s augmented reality (AR) features further enhance the experience, overlaying information like personalised promotions to assist shoppers. These technologies are already being implemented by leading retailers, transforming the in-store experience. From reducing queue times to improving stock management, smart data capture delivers measurable benefits such as cost savings and increased operational efficiency. The future: multi-modal and AI-driven data capture Looking ahead, Grisolia envisions a retail world where multi-modal data capture takes centre stage. “Future solutions will integrate data from QR codes, RFID, text, and AI-powered object recognition to provide a comprehensive understanding of store environments,” she predicts. One emerging application is AI-driven shelf intelligence, which monitors stock levels and compliance with planograms. This technology reduces manual labour, allowing store associates to focus on customer interactions. Such advancements promise to create a seamless and frictionless shopping experience. As Grisolia emphasises, “The future of retail lies in integrating various data sources to enhance store operations and deliver a personalised customer journey.” By embracing QR codes and leveraging smart data capture, retailers can unlock new opportunities for efficiency and engagement, paving the way for a more dynamic and responsive retail environment. Sign up for our daily news round-up! Give your business an edge with our leading industry insights.

Scandit Frequently Asked Questions (FAQ)

  • When was Scandit founded?

    Scandit was founded in 2009.

  • Where is Scandit's headquarters?

    Scandit's headquarters is located at Hardturmstrasse 181, Zurich.

  • What is Scandit's latest funding round?

    Scandit's latest funding round is Series D.

  • How much did Scandit raise?

    Scandit raised a total of $273.14M.

  • Who are the investors of Scandit?

    Investors of Scandit include Atomico, NGP Capital, Google Ventures, Swisscom Ventures, G2 Venture Partners and 10 more.

  • Who are Scandit's competitors?

    Competitors of Scandit include Anyline, Wasp Barcode Technologies, Barcoding, Smart Access, Vimaan and 7 more.

  • What products does Scandit offer?

    Scandit's products include MatrixScan AR and 3 more.

  • Who are Scandit's customers?

    Customers of Scandit include Shipt, Agrippa and Alaska Airlines.

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Compare Scandit to Competitors

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ProGlove

ProGlove specializes in the development of smart wearable scanner solutions for the supply chain and logistics sectors. Its main offerings include ergonomic wearable barcode scanners designed to enhance worker efficiency and optimize hands-free workflows. ProGlove primarily serves industries such as automotive, logistics, manufacturing, and retail with their products. It was founded in 2014 and is based in Munich, Germany.

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CodeSource

CodeSource specializes in identification solutions and operates within the technology sector. The company offers a range of products and services designed for asset tracking, compliance, and identification, including barcode readers, RFID systems, and laser marking systems. CodeSource primarily serves industries such as aerospace, automotive, defense, energy, government, logistics, manufacturing, and medical. It was founded in 2005 and is based in Denton, Texas.

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Scanbot SDK

Scanbot SDK specializes in computer vision and machine learning, offering software development kits (SDKs) for the enterprise sector. The company provides solutions for barcode scanning, document scanning, and data extraction that can be integrated into mobile apps or websites. Scanbot SDK's products are designed to transform analog data into digital formats, enhancing operational efficiency and user experience across various industries such as insurance, transportation, and healthcare. Scanbot SDK was formerly known as doo GmbH. It was founded in 2011 and is based in Bonn, Germany.

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Rufus Labs

Rufus Labs specializes in wearable and handheld barcode scanning technology and artificial intelligence within the supply chain and logistics sector. The company offers powerful barcode scanners that enable workers to scan from over 55 feet away, along with a comprehensive dashboard suite for productivity analytics and mobile device management. Rufus Labs primarily serves industries that require efficient inventory and supply chain management solutions, such as warehousing, retail, grocery, and manufacturing. It was founded in 2016 and is based in Los Angeles, California.

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Powerhouse AI

Powerhouse AI specializes in warehouse automation using AI-powered vision technology within the logistics and supply chain sector. The company offers solutions that automate inventory management, facilitate real-time data tracking, and streamline document processing to enhance operational efficiency. Powerhouse AI's products are designed to serve the logistics industry, particularly in areas such as inventory receiving, stocktaking, and shipment preparation. It was founded in 2021 and is based in Singapore, Singapore.

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