Scandit raises $80 million to power mobile barcode scanning

Scandit, the company behind a barcode scanning platform that leans on computer vision and augmented reality (AR), has raised $80 million in a round of funding led by G2VP.

The fresh funding, which consists of both equity and debt, comes as social distancing measures have led to a spike in demand for home deliveries and click and collect services.

The technology also ships with optical character recognition (OCR) smarts that can read any alphanumeric text, such as reference numbers, addresses, bank account details, prices, names, and more.