INSUBCONTINENT EXCLUSIVE:
Anyline, the Vienna-based provider of optical character recognition (OCR) technology that developers use to build OCR functions into their
websites and apps, has raised $12 million in Series A funding
The company has also unveiled plans for a United States expansion.Leading the round is Berlin-based VC firm Project A, with participation
Anyline offers specialised OCR solutions that it says the big tech vendors are not set up to supply
This has seen the Austrian startup pick up a portfolio of international clients such as Canon, Porsche and E.On, as well as national
governments and the United Nations.Its OCR functionality can be built into any modern website or app and is being used by businesses to scan
device.The upside of such an approach is obvious: by using proven OCR tech that actually works, businesses can make considerable savings in
terms of time and resources by eliminating manual data entry, which is prone to costly mistakes.From a customer point of view, anybody who
has used OCR to add a debit card to an app or submit a meter reading knows it provides an infinitely less painful experience than having to
manually type long numbers on a phone.Anyline says the new capital will primarily be used to double its headcount, and to open a first
United States headquarters in Boston in early 2020
This will enable Anyline to bring its mobile OCR solutions to new international markets and industries, including smart manufacturing, KYC
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
Global Sales Director of Cognex Corporation, as its new VP of Sales and Business Development.
