Standard AI

Standard AI

AI-powered autonomous checkout solutions for retail

About Standard AI

Simplify's Rating
Why Standard AI is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Hardware

Consumer Software

AI & Machine Learning

Company Size

51-200

Company Stage

Series C

Total Funding

$238M

Headquarters

San Francisco, California

Founded

2017

Overview

Standard AI provides AI-powered autonomous checkout solutions for retail stores, allowing customers to shop without waiting in line or scanning items. Their system uses advanced computer vision technology and primarily relies on ceiling-mounted cameras, making it easy to integrate into existing store layouts without major changes. This solution caters to a variety of retail clients, from small shops to large chains, with the goal of enhancing the shopping experience by reducing wait times and increasing customer satisfaction. Standard AI's business model includes selling and installing checkout systems, along with offering ongoing support and analytics services. They generate revenue through hardware and software sales, as well as subscription services for data analytics and system maintenance. Their focus on providing a scalable and easily deployable solution sets them apart from competitors, while ensuring security and privacy for users.

YC Company
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Simplify's Take

What believers are saying

  • Growing consumer interest in frictionless checkout solutions boosts Standard AI's market potential.
  • Expansion of computer vision checkout systems in Europe indicates a growing market.
  • Partnerships between tech integrators and AI platforms enhance retail solutions.

What critics are saying

  • Departure of key executives to DoorDash may lead to strategic challenges.
  • High costs of computer vision technology may deter smaller retailers from adoption.
  • Competitors like Amazon expanding traditional self-checkout options challenge Standard AI's adoption.

What makes Standard AI unique

  • Standard AI offers seamless shopping with AI-powered autonomous checkout solutions.
  • Their technology requires minimal changes to store infrastructure, using ceiling-mounted cameras.
  • Standard AI provides comprehensive insights into shopper behavior with Vision Analytics.

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Funding

Total Funding

$238M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$100M
Oura
$150M
Standard AI

Benefits

Work from anywhere

Medical, vision, dental, & life insurance

Competitive salary

Equity opportunities

PTO

Flexible work schedule

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-5%

2 year growth

-2%
U.S. Securities and Exchange Commission
Feb 25th, 2025
SEC FORM D

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

PYMNTS
Jul 8th, 2024
Computer Vision Checkout Expands Globally Despite Hurdles

Around the world, computer vision checkout is growing, both in terms of its availability and its physical footprint, despite significant cost challenges to making the retail technology worth its while. German grocer Rewe recently announced Europe’s largest-yet computer-vision-powered checkout store, with its new roughly 13,000-square-foot location in Hamburg. The so-called “PickGo” store, created in partnership with retail technology company Trigo Vision,. Offers Just Walk Out-style checkout as well as more traditional self-scanning kiosks, scan-less self-checkout kiosks and traditional, staff-supported checkout

PYMNTS
Mar 27th, 2024
Report: Doordash Boosts Voice Ai With Standard Ai Hires

DoorDash is reportedly hiring to strengthen its AI-powered voice ordering product for restaurant customers. Senior members of artificial intelligence (AI) startup Standard AI — including former CEO Jordan Fisher and co-founders Brandon Ogle and Daniel Fischetti — are joining DoorDash, Bloomberg News reported Wednesday (March 27). According to the report, the new hires will focus on the non-delivery side of DoorDash’s business, working on the AI product the company introduced last summer that helps restaurants take phone orders

Business Wire
Mar 26th, 2024
Standard Ai Debuts Vision Analytics Platform To Unlock Unprecedented Insights For Retail

SAN FRANCISCO--(BUSINESS WIRE)--Standard AI, the company unlocking data behind physical retail experiences, today announced the launch of a new product suite and the elevation of veteran company executives to CEO and CTO. Enabled by AI and computer vision, Standard AI is introducing Vision Analytics to empower retailers and brands with insights into shopper behavior, product performance, and store operations captured through unparalleled fidelity of people, products, and interactions. As the company shifts from its foundation in autonomous checkout, Angie Westbrock will assume the role of CEO following her tenure as COO and David Woollard will become CTO, a promotion from his role as SVP of Technology Strategy. Jordan Fisher, the company’s outgoing CEO and co-founder, will remain on the Standard AI board as chairman.Founded in 2017, Standard AI has long been at the forefront of applying machine learning and computer vision to the hardest problems in retail. Focused initially on solving the challenge of autonomous checkout, it created a technology stack with immediate application to map what a customer does from entrance to exit in real-time and 3D. Standard AI Vision Analytics applies continuous data capture and AI modeling to specific areas within a store to yield comprehensive insights that provide an uplift in revenue for brick-and-mortar businesses and an understanding of consumer behavior for CPG suppliers.Under Westbrock’s leadership, Standard AI is doubling down on its mission to provide a clear view into how people spend their time, attention, and decision-making power within physical spaces - an operational challenge that has lingered in the retail industry for decades

PYMNTS
Jan 15th, 2024
Ncr Voyix Upgrades Self-Checkout As ‘Unattended Payments’ Jump

Digital commerce company NCR Voyix has introduced a new self-checkout offering. The NCR Voyix Next Generation Self-Checkout Solution, announced in a news release Sunday (Jan. 14), was designed with the arrival of frictionless hybrid stores in mind, letting retailers “pivot quickly between assisted and self-checkout lanes or cash and cashless lanes.”. The solution uses multiple signals — such as bar code scanning, computer vision, RFID and more — to lower shopper friction and “drive natural inclusivity,” the company said

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