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Announced

Completed

Standard AI completed the acquisition of Skip.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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checkout applications

Digital Services

Friendly

Private

United States

Domestic

self-checkout system

Acquisition

Majority

Completed

Single Bidder

Synopsis

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Standard AI, a computer vision platform for retail, completed the acquisition of Skip, a self-checkout solutions provider. Financial terms were not disclosed. "Autonomous retail has seen exponential growth, and in the next five years we’ll see thousands of AI-powered stores across the world. Through this acquisition, we will create a unique offering that combines the self-checkout experience with autonomous retail for the first time ever to give retailers immediate relief from their labor challenges and a way to accelerate their path to an autonomous future," Jordan Fisher, Standard AI CEO.

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