Announced
Completed
Financials
Tags
autonomous checkout solution
Venture Capital
Acquisition
Completed
Single Bidder
Cross Border
Private Equity
United States
Minority
Friendly
Private
Electronic Components and Equipment
artificial intelligence
Synopsis
SoftBank Vision Fund 2 led a $150m Series C round in Standard Cognition, an autonomous checkout solutions provider, with participation from CRV, EQT Ventures, TI Platform Management and SK Networks. "The physical retail industry must accelerate its pace of digital transformation to better compete with online players. We believe Standard is emerging as a clear leader for autonomous checkout, driven by advanced AI-powered technologies. We are excited to partner with the Standard leadership team as they aim to accelerate deployment of checkout-free technology with retailers seeking to improve their customers’ shopping experience," Serena Dayal, SoftBank Investment Director.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.