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Standard AI

standard.ai

Founded Year

2017

Stage

Series C | Alive

Total Raised

$236.32M

Valuation

$0000 

Last Raised

$150M | 2 yrs ago

About Standard AI

Standard AI provides artificial intelligence-powered autonomous checkout solutions for brick-and-mortar retailers. The Standard AI solution lets consumers shop and pay without waiting in line, scanning, or stopping to check out. The company was founded in 2017 and is based in San Francisco, California.

Headquarters Location

965 Mission Street

San Francisco, California, 94103,

United States

415-324-4156

Missing: Standard AI's Product Demo & Case Studies

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ESPs containing Standard AI

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / In-Store Tech

The unattended checkout market offers a range of solutions to retailers looking to provide unmanned point-of-sale and checkout technology. Solutions involve the deployment of kiosks, mobile applications, and computer vision technology to facilitate a seamless and contactless checkout experience for customers. This market is driven by the increasing demand for convenient and efficient shopping expe…

Standard AI named as Highflier among 15 other companies, including Trigo, AiFi, and Grabango.

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Expert Collections containing Standard AI

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Standard AI is included in 10 Expert Collections, including Store tech (In-store retail tech).

S

Store tech (In-store retail tech)

1,930 items

Startups aiming to work with retailers to improve brick-and-mortar retail store operations.

U

Unicorns- Billion Dollar Startups

1,215 items

G

Grocery Retail Tech

828 items

Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.

P

Payments

2,672 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Future Unicorns 2019

50 items

A

Artificial Intelligence

10,627 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

Standard AI Patents

Standard AI has filed 108 patents.

The 3 most popular patent topics include:

  • Machine learning
  • Artificial neural networks
  • Artificial intelligence
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/20/2022

2/7/2023

Piping, Plumbing, Hardware (mechanical), Lens mounts, Mechanical engineering

Grant

Application Date

5/20/2022

Grant Date

2/7/2023

Title

Related Topics

Piping, Plumbing, Hardware (mechanical), Lens mounts, Mechanical engineering

Status

Grant

Latest Standard AI News

Laying Out the Pros & Cons of Self-Checkout vs. Checkout-Free

Jun 2, 2023

Both contactless options have advantages and drawbacks. Image NATIONAL REPORT — When it comes to contactless shopping , self-checkout kiosks and checkout-free experiences offer different advantages and drawbacks, which convenience store operators must consider. The pros of self-checkout kiosks are a more streamlined purchasing process, particularly for customers with fewer items — making the shopping experience more convenient. Such kiosks also allow for a more private and selective shopping experience that requires less interaction with staff, according to Sam Vise, cofounder and CEO of Toronto-based Optimum Retailing, a provider of in-store experience management solutions. For retailers, this technology enables them to save on labor costs and alleviate issues with staffing shortages and employee turnover that many stores are facing in the current economic climate. On the other hand, retailers can face increased theft and find that technical issues, such as scanner malfunctions or software glitches, frustrate customers and require staff assistance. Self-checkout has been around for 30 years and "everybody knows the recipe," noted Andrew Radlow, chief revenue officer at Berkeley, Calif.-based Grabango. However, he said the advantages of checkout-free experiences like Grabango are that the system takes care of checking out, and retailers eliminate shrink because the system accurately understands everything the customer has selected, whether it's in their pocket, backpack, bag or shopping cart. Offering another perspective, Frank Beard, senior marketing and customer experience manager at Standard AI, said the San Francisco-based company believes the self-checkout vs. autonomous checkout debate is a false dilemma. Standard AI is seeking to bridge the gap. "That's why we acquired a self-checkout company. Kiosks provide a great entry point to self-service retail and can be rapidly deployed for immediate results. But there's a catch: Where do retailers go from there? The technology roadmap for self-checkout has always ended at self-checkout, but retailers are also curious about the new autonomous technology that they see being deployed. There's never been a way to bridge the gap between self-checkout and autonomous retail," he said. In February, Standard AI reached an agreement to acquire self-checkout solutions provider Skip, and with this move, the company plans to offer retailers a middle ground. "Going forward, it won't just be self-checkout vs. autonomous. There's a middle ground where computer vision will be used to deliver a lot of value. For example, you'll see new products that provide deeper insights into theft, out-of-stocks and more," Beard said.

Standard AI Frequently Asked Questions (FAQ)

  • When was Standard AI founded?

    Standard AI was founded in 2017.

  • Where is Standard AI's headquarters?

    Standard AI's headquarters is located at 965 Mission Street, San Francisco.

  • What is Standard AI's latest funding round?

    Standard AI's latest funding round is Series C.

  • How much did Standard AI raise?

    Standard AI raised a total of $236.32M.

  • Who are the investors of Standard AI?

    Investors of Standard AI include CRV, Initialized Capital, EQT Ventures, TI Platform Management, Fort Ross Ventures and 10 more.

  • Who are Standard AI's competitors?

    Competitors of Standard AI include Qidianyun, Trigo, Mashgin, Intuitivo, Cloudpick, AiFi, Nomitri, Boxy, AInnovation, Sensei and 16 more.

Compare Standard AI to Competitors

Trigo Logo
Trigo

Trigo offers unmanned retail shopping solutions. The platform provides a ceiling-based camera network with proprietary machine vision algorithms and neural networks that identifies and captures customers' shopping items during their in-store journey. The company was founded in 2018 and is based in Ramat Gan, Israel.

AiFi Logo
AiFi

AiFi develops an AI platform that provides retailers with autonomous shopping solutions that are easy to deploy, accessible, and cost-efficient. AiFi adapts to existing or new store formats and provides a checkout-free integration for whatever a shopper needs. AiFi works with top global brands, such as Golden State Warriors, Aldi, Zabka, Carrefour, Nascar, and LCFC to name a few. The company was founded in 2016 and is based in Burlingame, California.

Zippin Logo
Zippin

Zippin offers checkout-free technology enabling retailers to deploy shopping in their stores. The company's approach uses AI, machine learning, and sensor fusion technology to create a consumer experience that includes: banishing checkout lines and self-scanners for goods and letting shoppers zip in and out with their purchases. Zippin's platform uses product and shopper tracking through overhead cameras as well as smart shelf sensors for high levels of accuracy among crowded stores. It was founded in 2018 and is based in San Francisco, California.

Grabango Logo
Grabango

Grabango provides a checkout-free technology for large-scale grocery and convenience store chains. The company's platform offers a fault-tolerant, edge computing network that processes simultaneous transactions. It was founded in 2016 and is based in Berkeley, California.

Boxy Logo
Boxy

Boxy delivers an autonomous and connected convenience store. The stores use computer vision algorithms to reduce the operating costs of a traditional point-of-sale. It was formerly known as Storelift. The company was founded in 2018 and is based in Paris, France.

SandStar Logo
SandStar

SandStar is an artificial intelligence and new retail company that develops, manufactures, and operates unmanned convenience stores. SandStar can recognize over 3,000 products including vegetables, fruits, snacks, beverages, breads, fast foods, stationery, and clothes. The technology can be used in all retail checkout scenarios such as supermarkets, pharmacies, food courts, bookstores, and bakeries. Consumers simply place their items on the machine, and their prices are displayed immediately. Payments can be made via WeChat or Alipay. Additionally, merchants can be connected to the machine without having to change their existing system structure, meaning the machines can be quickly deployed and duplicated. The machine also features a face recognition anti-theft system to reduce the rate of damaged goods.

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