.
MergerLinks Header Logo

Announced

Completed

SoftBank Vision Fund 2 led a $150m Series C round in Standard Cognition.

Financials

Edit Data
Transaction Value£107m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

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

Edit

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.

CONTACT US