Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team
No Result
View All Result
Silicon Canals
No Result
View All Result

Anyline raises €10.7M: This Austrian startup provides mobile text recognition technology to Toyota, Pepsi and more

Editorial team by Editorial team
January 15, 2020
in (Crowd)funding, AI and chatbots, News, Software & SaaS, Startups
0
Anyline raises €10.7M: This Austrian startup provides mobile text recognition technology to Toyota, Pepsi and more
46
SHARES
LinkedInTwitterWhatsAppFacebook

Founded in Vienna in 2013, Anyline has established itself as the market leader in mobile text recognition. In the recent development, the Austrian company has secured $12 million (approx €10.7 million) in Series A funding. 

The round is led by Project A, along with other existing investors, including Johann ‘Hansi’ Hansmann, Senovo, and the Gernot Langes-Swarovski Foundation. 

 - Partner content -
Industry & Infrastructure post-COVID
Industry & Infrastructure post-COVID
Check out solutions to the most pressing problems in the Industry & Infrastructure...Show More
Check out solutions to the most pressing problems in the Industry & Infrastructure theme. Show Less
Read more

This new capital will primarily be used to double the headcount within Anyline, and to open its first US headquarters in Boston in early 2020. This enables Anyline to bring innovative mobile OCR solutions to new international markets and industries, including smart manufacturing, KYC services, and fintech.

Lukas Kinigadner, CEO and co-founder of Anyline, said: 

This investment, coupled with the excitement and enthusiasm we have seen from our investors throughout the process, clearly highlights the growth potential Anyline possesses as the market continues to mature. As businesses move to an increasingly virtual world, it is vital they have access to advanced technologies that enable them to digitise previously analog mediums. We are proud to say European-born technology is helping businesses across the world to reduce the errors, inefficiencies, and frustrations that come with manual input. By becoming the market leader in mobile OCR, Anyline plans to be the technology partner businesses need to meet these challenges on the horizon

For the uninitiated, the company offers specialized OCR solutions that the big tech vendors are not set up to supply. Notably, Businesses are using Anyline technology to scan and collect analog information, such as identity documents, serial numbers, and utility meters, using any standard mobile device. The company works with Toyota, IBM, and PepsiCo as well. 

To further enable expansion, the firm has established Anyline Inc. in the US and has hired Bryan Boatner, the former Global Sales Director of Cognex Corporation, as the company’s new VP of Sales and Business Development.

Uwe Horstmann, a partner with the lead funder Project A, says:

“Anyline offers a superior solution in the computer vision business, valuable to both the public sector and private customers. Apart from their reliable state-of-the-art technology, our decision to invest in Anyline is very much based on their amazing team. We are proud and happy to support Anyline financially as well as with our operational services.”

Kinigadner adds:

“We accept the pressure of European society to grow its own remarkable technology companies which challenge the dominance of other continents. Therefore, Anyline plans to use this capital to develop its proprietary Anyline Platform, a pioneering AI-powered solution that allows our customers to develop their own tailor-made OCR solutions. This frees them from the previously fixed nature of OCR technologies and ensuring its functionality is only limited by their creativity.”

Main image credits: Anyline

Stay tuned to Silicon Canals for more European technology news

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Future Hamburg Award 2021
Future Hamburg Award 2021
Call for startups with innovative solutions for the future cities from all over the globe.
Call for startups with innovative solutions for the future cities from all over the globe. Show Less
Read more
Tags: AIstartups
Share3Tweet11SendShare21

Featured events

Current Month

april

14apr11:0012:00FeaturedFree Webinar: GRECA – investor search via digital matching

Partner content | Work with us

These 10 Amsterdam-based startups raised funding in Q1 2021 and are hiring like crazy right now

Calling all European deep-tech scaleups: EIT Digital Challenge 2021 registration is now open

Amsterdam-based SaaS startup SwipeGuide raises €5M for international expansion; aims to double its staff in 2021

Innovation against climate change: what Blue Tulip Awards’ experts on Climate & Energy are looking for

Blue Tulip Awards’ experts of Finance & Prosperity: why COVID, regulations and digitisation boost innovation

Silicon Canals Jobs


Breaking news from Amsterdam | Partner

Amsterdam-based MessageBird acquires 24sessions to add video to its omnichannel offering; also acquires Hull

Techstars ties up with ABN AMRO to launch ‘Future of Finance Accelerator’; welcomes 10 startups to Amsterdam

Amsterdam-based fintech Recharge.com raises €10M in debt funding; appoints Azimo’s Michael Kent as new chairman

Shaken by the pandemic, but not stirred: The current state of co-working in Amsterdam

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info