Anyline, a Vienna-based provider of Optical Character Recognition (OCR) technology that developers use to integrate OCR functionality into their websites and apps, has raised $ 12 million in Series A funding. The company also announced plans to expand into the United States.
At the top of the group is the Berlin-based VC company Project A, in which Anylines existing investors, including Johann "Hansi" Hansmann, Senovo and the Gernot Langes Swarovski Foundation, are involved.
Anyline was founded in 2013 and offers specialized OCR solutions which, according to the major technology providers, are not designed for delivery. The Austrian start-up has taken up a portfolio of international customers such as Canon, Porsche and E.On as well as national governments and the United Nations.
The OCR functionality can be integrated into any modern website or app. Companies can scan and collect various "analog" information such as ID documents, serial numbers and consumption counters with any commercially available mobile device.
The advantage of such an approach is obvious: They use proven OCR technology that actually works, businesses can save significant amounts of time and resources by eliminating manual data entry that tends to be costly errors.
From a customer perspective, anyone who has used OCR to add a debit card to an app, or when you present a meter reading, you know that this is an infinitely painless experience than having to manually enter long numbers on a phone This will enable Anyline to bring its mobile OCR solutions to new international markets and industries such as smart manufacturing, KYC services and fintech.
Worldwide, it is imperative that they have access to advanced technologies that enable them to digitize analogue media beforehand, ”said Lukas Kinigadner, CEO and co-founder of Anyline, in a statement.
“We pride ourselves on designating technology born in Europe to help companies around the world reduce errors, inefficiencies and frustrations associated with manual input. As the market leader in the field of mobile text recognition, Anyline wants to be the technology partner who has to overcome these challenges on the horizon. “
In the meantime, Anyline Inc. was founded by Anyline in the USA and Bryan Boatner was hired. the former Global Sales Director of Cognex Corporation as the new vice president of sales and business development.