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Scandit

Scandit

Smart data capture and barcode scanning technology

About

Scandit provides smart data capture technology that enables devices like smartphones and tablets to scan barcodes, text, IDs, and objects with high speed and accuracy. The company offers software development kits (SDKs) that businesses can integrate into their applications, improving operational efficiency and customer engagement. Unlike competitors, Scandit focuses on a subscription-based model that allows for scalability and tailored solutions, such as ID scanning for secure verification. The goal is to enhance how businesses capture and utilize data, leading to better efficiency and security.

Company Stage

Series D

Employees

201-500

Industries

Data & Analytics, Consulting, Hardware, Industrial & Manufacturing, VR & AR, Consumer Software, Enterprise Software, AI & Machine Learning, Healthcare

Total Funding

$273.1M

Headquarters

N/A

Founded

2009


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Simplify's Take

What believers are saying

  • Scandit's recognition as a 'Great Place to Work' in six countries highlights its positive work environment and employee satisfaction.
  • Innovative solutions like MatrixScan Find and ID Validate demonstrate Scandit's commitment to enhancing operational efficiency and security.
  • The company's continuous product updates, such as SparkScan Battery Saver, show a dedication to improving user experience and technology performance.

What critics are saying

  • The competitive landscape in smart data capture technology is intense, requiring Scandit to continuously innovate to maintain its edge.
  • Dependence on subscription-based revenue could be risky if clients opt for alternative solutions or face budget constraints.

What makes Scandit unique

  • Scandit's SDKs transform everyday devices into powerful data capture tools, offering unmatched speed and accuracy in barcode and ID scanning.
  • Their subscription-based model ensures a steady revenue stream and scalability, unlike competitors who may rely on one-time sales.
  • Scandit's focus on user experience and operational efficiency sets it apart, reducing training needs and boosting productivity.

Growth & Insights
Headcount

6 month growth

-4%

1 year growth

-13%

2 year growth

-27%

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