scanR, which provides a service enabling camera phones and digital cameras to scan, copy and fax, announced today that it has obtained $4.65 million in funding.
The Series A financing was led by Trinity Ventures, and Thomvest International joined in the round. Other investors included Don Listwin, former President and CEO of Openwave Systems, and James Joaquin, current CEO of Xoom.com and former CEO of Ofoto.
“The need to capture physical information digitally is well-established, as evidenced by the large market for a wide-range of stationary hardware solutions. scanR is leveraging the broad adoption of camera phones and digital cameras to deliver a compelling mobile application,” said Gus Tai, a General Partner with Trinity Ventures.
scanR is targeting the $35 billion scan, copy and fax industry with a mobile solution that utilizes devices that are already in nearly every household—camera phones and digital cameras. Using scanR, converting paper and other physical information into useful digital information is as simple as taking a photo with a camera phone or digital camera and sending it to scanR. scanR’s proprietary image processing and data refinement technologies deliver a simple, fast and reliable way to capture and organize information digitally.
“With this funding, we will add significant new capabilities to our existing service and expand our sales and marketing efforts to drive mobility into the scanner, copier, fax industry,” said Rudy Ruano, CEO of scanR. “With megapixel camera phone shipments expected to approach 400 million units in 2006, and digital cameras already a high volume, mainstream product, we are at an optimal point to introduce the scanR service.”
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