OCR start-up AllRead secures €2.5m in funding round

Spanish OCR start-up AllRead has closed a €2.5m (US$2.5m) funding round to expand its artificial vision software business into European and Latin American markets.

Applied to the maritime industry, the software connects to any fixed, mobile or drone camera to detect and identify assets circulating on the platform: freight containers, wagons, security seals, license plates and dangerous goods among others.

Miguel Silva-Constenla, CEO and co-founder, said: “Our vision is to achieve the world’s highest standard for text, codes and symbol recognition, to drastically reduce the initial investment that any port operator requires for the correct traceability of their assets.