Multi-Million Euro Investment for Vienna AI-Experts Anyline
Investors at PUSH Ventures are joining with new investors, Senovo, to provide Viennese technology company Anyline with a cash injection to fund their growth and expansion as an international business. Anyline will receive two million euro to help them meet the demands of their fast-growing market.
Vienna tech-experts Anyline have established themselves as a market leader in their field with their AI-based Optical Character Recognition (OCR) technology. They 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 scanning. With more than 150 enterprise customers worldwide, Anyline is already being used today by companies such as Canon, Porsche, Swisscom and Thomas Cook Airlines.
In order to serve the growing demand of the markets in full, Anyline is 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,” says Frederick von Mallinckrodt, Managing Director Senovo. “Whether you prefer industrial cameras, drones, smart phones or IoT devices, the demand and applications of scanning technology is growing rapidly. That’s why we are pleased to support Anyline as an OCR leader in expansion.”
Anyline are proud of their homogeneous growth. In 2018, they were able to triple their turnover for the third year in a row. They 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.” explains Anyline CEO Lukas Kinigadner.
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,” says Püspök. The two million euro will not only extend Anyline’s sales arm, but “help to strengthen our technological lead,” said Kinigadner, who has a very positive outlook going into the next round of financing.
Anyline was founded in 2013 by Lukas Kinigadner, Daniel Albertini, Jakob Hofer and David Dengg. The Vienna-based company develops and provides software solutions that enable mobile text recognition. Their patented technology enables smartphones to read so you can digitize text, numbers and codes of all kinds, wherever you go. Anyline’s software development kit (SDK) can be integrated with across all major platforms and integrated with your existing mobile app. You can use Anyline to reduce time spent on manual data entry and eliminate typing mistakes for use cases such as document scanning, serial number scanning, passport scanning, utility meter scanning and many more.
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 gets involved soon after product launch.
Further information: https://www.senovo.vc/