Scandit

Scandit

Barcode, ID, and text scanning SDKs

Overview

Scandit provides SDKs that let smartphones and tablets scan barcodes, text, IDs, and objects, so businesses can add fast data capture to their apps. Developers integrate the SDKs into their own applications, while Scandit's scanning algorithms handle data across devices and environments to deliver quick results. The subscription-based product includes options like ID verification, helping retailers, logistics, healthcare, and manufacturers improve inventory, tracking, security, and customer experience without new hardware. Scandit differentiates by turning common devices into high-performance scanners with broad data-type support, easy updates, and scalable, customizable solutions to boost efficiency and user experience.

About Scandit

Simplify's Rating
Why Scandit is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

201-500

Company Stage

Series D

Total Funding

$272.7M

Headquarters

Zurich, Switzerland

Founded

2009

Simplify Jobs

Simplify's Take

What believers are saying

  • SparkScan AI-powered context scanning targets intended barcodes among clustered codes in retail.
  • Smart battery management improves device lifetime by 20% for prolonged scanning workflows.
  • Subscription model scales with customer growth, ensuring predictable recurring revenue streams.

What critics are saying

  • Google ML Kit free barcode scanning drives enterprise clients toward open-source alternatives.
  • Zebra Technologies captures 30% logistics market share with rugged hardware over smart devices.
  • OpenAI GPT-4o Vision API commoditizes data capture at 1/10th Scandit SDK licensing cost.

What makes Scandit unique

  • 99.9% accuracy with on-device processing delivers real-time performance on commercial mobile devices.
  • Proprietary Vision AI Engine powers barcode, ID, and shelf intelligence across 2,100+ customers.
  • MarketLab acquisition August 2024 strengthens retail shelf intelligence with advanced image recognition.

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Funding

Total Funding

$272.7M

Above

Industry Average

Funded Over

8 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$150M
Scandit

Benefits

Hybrid Work Options

Paid Holidays

Company Equity

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
TechDay
Nov 23rd, 2024
Scandit unveils SDK 7.0 with smart data capture upgrades

Scandit unveils SDK 7.0 with smart data capture upgrades.

The National Law Review
Oct 31st, 2024
Honeywell Asserts Barcode-Scanning Patents Against Scandit AG

Swiss company Scandit AG created an application called ShelfView, which enables retailers to verify the prices of various products and ensure that associated promotions are correctly updated.

Scandit
Oct 25th, 2024
Why EK Retail Chose Scandit Over Open-Source Barcode Scanning

Why EK Retail chose Scandit over open-source barcode scanning.

PR Newswire
Aug 21st, 2024
Scandit Acquires MarketLab to Boost Retail Shelf Intelligence Capabilities

Scandit acquires MarketLab to boost retail shelf intelligence capabilities.

Scandit
Aug 21st, 2024
Scandit Acquires MarketLab to Boost Retail Shelf Intelligence Capabilities

Zürich, Switzerland, August 21, 2024 – Scandit, the leader in smart data capture, today announced the asset acquisition of shelf audit automation technology from MarketLab, a Polish image recognition and AI software company specializing in the retail industry. As part…

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