Vienna-based startup Anyline secures €2M to digitalise scanned text though AI

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Vienna-based startup Anyline has gone through a fund infusion of €2 million from Senovo and existing investor PUSH Ventures. The startup specialises in Optical Character Recognition (OCR) technology, an AI-driven solution for scanning and deciphering written texts.

Frederick von Mallinckrodt, Senovo managing director explained, “We saw the opportunity to invest in an impressive team, cutting-edge technology and a growing market. Whether you prefer industrial cameras, drones, smartphones or IoT devices, the demand and applications of scanning technology are growing rapidly. That’s why we are pleased to support Anyline as an OCR leader in expansion.”

Anyline – transforms scanned text into digital data

Anyline offers the cutting-edge mobile text recognition technology to digitise text, numbers and codes for across applications including document scanning, serial number scanning, passport scanning and utility meter reading.

The AI-driven solution enables swift and precise data input eliminating the logjam involving manual data entry and typing mistakes. The Anyline software development kit (SDK) can be synced across all key platforms and smartphone apps.

Anyline – a trusted partner of industry leaders

Headquartered in Vienna, Anyline was founded in 2013 by Lukas Kinigadner, Daniel Albertini, Jakob Hofer and David Dengg. From government agencies, logistics to energy, Anyline’s real-time mobile text recognition technology is widely operational across industries.

With 150+ clients globally, the startup maintains partnerships with industry stalwarts including Canon, Porsche, Swisscom and Thomas Cook Airlines.

Tripled its turnover

Anyline accomplished 3x revenue in 2018 for the third consecutive year. Reportedly, the startup owns an annual seven-digit turnover. Now after the latest funding, Anyline will escalate its international expansion.  

Anyline CEO Lukas Kinigadner stated, “Due to the enormous potential for our product, we’re working towards even greater financing for our upcoming growth period.”

Stay tuned to Silicon Canals for more updates in the tech startup world.

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