London-based Microblink, which claims to be a global leader in AI-powered computer vision software announced that it has closed $60M (nearly €49M). Microblink’s founders have bootstrapped the company into a profitable business by building verticalised computer vision products that help businesses digitise documents, automate processes, and eliminate manual data entry.
Gets first funding
The investment was led by a Boston-based growth equity firm – Silversmith Capital Partners. Notably, this is the first time Microblink has obtained funds from outside since its debut in 2013. The partnership will let Microblink accelerate growth in key business areas such as product development, and expanding its team.