![]() Computer vision and AI are ultimately going to have an impact that goes far beyond retail – autonomous driving, manufacturing, offices, gyms – to fundamentally alter and better the way we live. Using AI-powered cameras and software, computer vision is changing the way people interact with the physical world. It is the most disruptive thing to happen to retail in decades.” This new category will be bigger than mobile or the Internet. “As stores across the world shut their doors, retailers and their customers have waited for a technology like computer vision to help drive the industry forward. “Retailers find themselves in the midst of a perfect storm, as they struggle for razor-thin margins, battle the likes of Amazon and Walmart, and are beaten down by COVID-19,” said Jordan Fisher, Co-founder and CEO of Standard. 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.” “We believe Standard is emerging as a clear leader for autonomous checkout, driven by advanced AI-powered technologies. “The physical retail industry must accelerate its pace of digital transformation to better compete with online players,” said Serena Dayal, Investment Director at SoftBank Investment Advisers. See the platform in action in this YouTube video. ![]() ![]() (parent company of global convenience store brand “Circle K”) and Compass Group to outfit hundreds of checkout-free stores in 2021 and beyond, with a goal of more than 50,000 stores in the next five years. The company is working with customers such as Alimentation Couche-Tard, Inc. The funding enables Standard, whose technology has now been proven in multiple customer implementations, to execute at scale. 17, 2021 (GLOBE NEWSWIRE) - Standard Cognition (“Standard”), which provides the only autonomous checkout solution that can be quickly and easily installed in retailers’ existing stores, announced today that it has a raised a $150M round of Series C funding led by SoftBank Vision Fund 2* with participation from existing investors CRV, EQT Ventures, and TI Platform Management and new investors SK Networks and others.
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