ZIM announced the closing of an approximately US$5 million Series B financing round in Sodyo, a next generation scanning technology developer.
More specifically Sodyo’s technology creates highly functional offline-to-online (O2O) solutions enabling businesses to access information and understand their workflows and have online interaction with customers.
Through the use of customisable colorful markers, Sodyo’s Visual Code takes scanning technology beyond the QR code to work in any media (outdoor or indoor, print or digital, mobile or stationary), from far greater distances than any other technology, by scanning many indicators simultaneously and under a wide variety of environmental conditions.
It should be noted that the proceeds of this investment are intended for the further development of Sodyo’s technology and the expansion of its application, including ZIMARK’s, a Sodyo-ZIM joint venture, dedicated to applying Sodyo’s scanning technology to the logistics sector and supply chain processes.
“Sodyo continues to make important progress in developing its revolutionary scanning technology. Under the leadership teams at Sodyo and ZIMARK, the two companies have executed a number of successful POCs that demonstrate the potential this technology has to become the new global standard for scanning technology – with business uses and applications in various industries,” emphasized Eli Glickman, president and CEO of ZIM.
“We are excited to continue supporting Sodyo and ZIMARK and believe they hold potentially significant value for ZIM. Furthermore, we will continue to leverage our position within the startup ecosystem in Israel to identify other attractive innovative technologies and companies, complementary to ZIM’s core business, that can serve as growth engines for ZIM,” he concluded.
“We are proud to have ZIM as a strategic partner and once again win their vote of confidence. ZIM’s global network and business expertise in verticals Sodyo is currently focused on, has already had a tremendous impact, and with this additional investment, we will be able to step up our efforts in making Sodyo’s groundbreaking scanning technology a worldwide standard,” noted Alon Raz, Sodyo’s CEO.
