image: standardcognition

Amazon Go competitor raises $5.5M

July 18, 2018

The funding announcement comes almost one year after Standard Cognition announced its cashierless checkout solution, which leverages computer vision technology and artificial intelligence in a manner similar to Amazon Go. The retail sector is still experimenting with cashierless and touchless mobile checkout solutions, but it’s looking like these two technologies will be key to their evolution.

Both the funding and the executive appointments position Standard Cognition to be more competitive in a market for cashierless technology that itself has quickly become very competitive.

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