Announced
Completed
Financials
Tags
checkout applications
Digital Services
Friendly
Private
United States
Domestic
self-checkout system
Acquisition
Majority
Completed
Single Bidder
Synopsis
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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