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Silversmith Capital Partners leads $60 mln institutional funding in Croatia's Microblink


Silversmith Capital Partners leads $60 mln institutional funding in Croatia s Microblink
Croatia s Microblink/Photo: https://www.silversmith.com/
ZAGREB (Croatia), December 17 (SeeNews) - Croatian AI-powered computer vision software developer Microblink said it closed a $60 million (49 million euro) institutional funding round led by U.S. growth equity firm Silversmith Capital Partners.
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, Microblink said in a statement on Wednesday.
Microblink builds verticalised computer vision products that help businesses digitise documents, automate processes, and eliminate manual data entry. Its key focus areas include digital identity through ID scanning, payments through credit card scanning and purcha ....

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US firm invests $60m in Croatia's Microblink


(Photo: Microblink)
ZAGREB, Dec 16 (Hina) – US growth equity firm Silversmith Capital Partners has invested $60 million in Microblink, a global leader in artificial intelligence-based computer vision technology, the Croatian company announced on Wednesday.
“Since its foundation seven years ago, this is the first time that outside capital has entered Microblink. With a strategic, long-term approach, we have managed on our own, by reinvesting the profit, to develop a company that has become a global tech leader in its segment. This has been a very successful first stage in the company’s development, and our further ambitions are even greater,” Microblink’s co-founder Damir Sabol said. ....

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Microblink Secures $60 Million in First Institutional Funding Led by Silversmith Capital Partners – IT Business Net