14 January 2020:

OCR tech startup Anyline has raised $12 million in Series A round of funding. The funding round was led by Operational VC.

Senovo, Johann ‘Hansi’ Hansmann, and the Gernot Langes-Swarovski Foundation also participated in the funding round.

The startup will use the fresh startup to double the headcount within Anyline, and to open a US headquarters in Boston in early 2020.

Lukas Kinigadner, CEO and co-founder of Anyline, said, “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.”

Uwe Horstmann, a partner with the lead funder Project A said, “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.”

Anyline  has hired Bryan Boatner, the former Global Sales Director of Cognex Corporation, as the company’s new VP of Sales and Business Development.

Bryan Boatner said, “I am very excited to be joining Anyline, one of the most exciting tech ‘scaleups’ in Europe today as it enters the US market. From my experience in machine and computer vision, I see huge growth potential for Anyline across many different industries, from law enforcement to retail, smart factories and transport, to name only a few. We will be moving fast to build and establish our new US team in 2020.”

(Image – Anyline)

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