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Scandit

Automated Stores
Extended Reality
Product stageSegments
Growth
?
Self-checkout, Automated Stocking and Shelving
?

Switzerland-based Scandit offers an app that can scan product barcodes. Its technology is equipped with mobile computer vision coupled with augmented reality (AR) solutions. Scandit’s data-capturing engine can be installed to any device with a camera, including smartphones, drones, robots, and smart glasses. This app is mainly used by retailers for cashierless checkouts, allowing shoppers to scan a product’s barcode and pay via a mobile app. 

Scandit also offers a shelf management software named “ShelfView,” which can be installed to mobile devices or integrated into autonomous floor scrubber robots. ShelfView enables shelf data capturing via barcode scanning, and generates AI-based retail shelf analytics and real-time, store-level insights via dashboards on smart devices. Scandit also enables ID scanning and provides an automated ID verification feature that can be integrated into retailer workflows.

Scandit operates across several core verticals besides retail, including transportation and logistics, healthcare, and manufacturing. As of March 2024, it held over 35 patents across more than 20 countries  The company has offices in Europe, US, Japan, and Singapore.

Key customers and partnerships

As of March 2024, Scandit’s customer portfolio included over 2,000 customers, including Sephora, 7-Eleven, Instacart, Alaska Airlines, Carrefour, DPD, FedEx, Johns Hopkins Hospital, La Poste, Levi Strauss & Co, Mount Sinai Hospital, and Toyota. 

Scandit partnered with retail technology company Brain Corporation to integrate ShelfView inventory scanner technology with Brain Corporation’s BrainOS AI platform for autonomous floor scrubbers. 

Funding and financials

In February 2022, Scandit raised USD 150 million in a Series D funding round led by Warburg Pincus, garnering a valuation of over USD 1 billion. The company planned to use the funding to expand its global team and geographic footprint, with a focus on the APAC region, specifically, Japan, Singapore, and South Korea. The investment will also support the company’s R&D efforts in AI/ML and autonomous data capture towards better decision-making and more effective core business processes.

Automated Stores

Automated Stores

Key stats
Featured companies
42
Total funding (USD)
2.6 Bn
Total addressable market (USD)
4.9 Bn
Key competitors
 
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Product Overview
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Product Metrics
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Company profile
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Recent Updates

Product updates
Jun 30, 2023
Scandit launches ‘MatrixScan Find’ to efficiently locate shelf items using augmented reality overlays
Automated Stores
Funding
Feb 9, 2022
Scandit raises USD 150 million in Series D funding
Automated Stores

Company Brief


HQ location:
Förrlibuckstrasse 181 Zürich CHE
Founded year:
2009
Employees:
501-1,000
Total Funding:
USD 273.1 million
Last Funding
USD 150.0 million, Feb 2022

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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