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Microblink, a global leader in AI-powered computer vision software, announced it has closed a $60 million minority investment led by Silversmith Capital Partners, a Boston-based growth equity firm, which includes Microblink and their US partner BlinkReceipt.
Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $2.0 billion of capital under management. Silversmith’s mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies.
The investment marks the first time Microblink has raised outside capital since its founding seven years ago. The partnership with Silversmith will enable accelerated growth in key business areas including product development, go-to-market and team expansion.
In the background of many of the world’s mobile and web applications, there is top notch Microblink technology that uses a mobile phone camera to replace manual data entry. Key focus areas have included digital identity through ID scanning, payments through credit card scanning and purchase data collection through receipt scanning. The company’s global customer base spans 60 countries with enterprises in financial services, market research, insurance, telecom, consumer packaged goods, and retail.
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