Anyline Raises Multi-Million Euro Investment to Continue Expansion
PUSH Ventures are joining with new investors, Senovo, to provide Anyline with a cash injection to fund our growth and expansion as an international business. We have received two million euros to help meet the demands of our fast-growing market.
In recent years, have established ourselves as a market leader in our field with our AI-based OCR technology. We have greatly expanded the application of cross-industry scanning solutions and enabled the highest recognition rates in real-time for documents and objects under the most diverse conditions.
From government agencies to industrial and logistics companies and even energy providers, dozens of industries have been able to digitize analog information and replace error-prone processes with our mobile scanning solutions. With more than 150 enterprise customers worldwide, Anyline is already being used today by companies such as Canon, Porsche, Swisscom, and IBM.
Senovo Supports Anyline in Expanding Market
In order to serve the growing demand of the markets in full, we’re pleased to receive a financial injection from the Munich VC fund Senovo.
“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 applications of scanning technology are growing rapidly. That’s why we are pleased to support Anyline as an OCR leader in expansion.”
In 2018, we were able to triple our turnover for the third year in a row. We have a 7-figure annual turnover, based on a six-figure MRR.
“Due to the enormous potential for our product, we’re working towards even greater financing for our upcoming growth period. We are delighted to have found a VC partner with Senovo.”
Senovo Joins Existing Investors at Anyline
All current Anyline investors have reinvested. And in addition to Hansi Hansmann, Hermann Hauser, Bernhard Niesner, and the Gernot Langes Swarovski Foundation, some of Europe’s most successful business angels. Lukas Püspök (PUSH Ventures) has also made a significant investment.
“Anyline has managed to build an impressive customer base over the last few years with a very strong team.” The two million euro will not only extend Anyline’s sales arm but help to strengthen our technological lead.
Senovo – B2B Saas Experts
Senovo is a Munich and Berlin-based early-stage venture capital fund with a focus on B2B SaaS investments. The Senovo team believes that SaaS should be the dominant model for delivering software and is thrilled about the great market opportunities which are continuously created by the secular shift towards SaaS. Senovo funds outstanding entrepreneurs and teams building world-class products and generally get involved soon after product launch.
Pioneers of Mobile Scanning
Anyline was founded in 2013 by Lukas Kinigadner, Daniel Albertini, Jakob Hofer, and David Dengg. We develop and provide software that provides mobile scanning solutions. Our patented technology enables smartphones to read so you can digitize text, numbers, and codes of all kinds, wherever you go.
The Anyline SDK for Mobile Scanning can be integrated across all major platforms and integrated with your existing mobile apps and websites. You can use Anyline to reduce time spent on manual data entry and eliminate typing errors for a variety of use cases.
