Standard AI

AI-powered autonomous checkout solutions for retail

San Francisco, California, United States

About Standard AI

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 company serves a diverse range of clients, from small shops to large retail chains, with the goal of enhancing the shopping experience by reducing wait times and increasing customer satisfaction. Unlike many competitors, Standard.ai focuses on a scalable solution that is easy to deploy and maintain, offering both hardware and software sales along with subscription-based analytics and support services. Their aim is to improve operational efficiency for retailers while ensuring security and privacy for customers.

San Francisco, CaliforniaHeadquarters
2017Year Founded
$229.2MTotal Funding
SERIES_CCompany Stage
Hardware, Consumer Software, AI & Machine LearningIndustries
51-200Employees

Benefits

Work from anywhere
Medical, vision, dental, & life insurance
Competitive salary
Equity opportunities
PTO
Flexible work schedule

Risks

Loss of key personnel to competitors like DoorDash may impact innovation.
Consumer hesitance towards fully autonomous solutions could affect market adoption.
Significant cost challenges in scaling computer vision technology may limit profitable expansion.

Differentiation

Standard AI offers seamless integration with existing store layouts using ceiling-mounted cameras.
The company provides a scalable solution for both small shops and large retail chains.
Standard AI's Vision Analytics platform offers unprecedented insights into shopper behavior.

Upsides

Integration with Google Cloud enhances checkout speed and accuracy for better customer satisfaction.
Growing interest in frictionless checkout presents a market expansion opportunity for Standard AI.
Vision Analytics platform can increase revenue by providing insights into store operations.

Funding

Total raised$229.19 M
Latest valuation$1.00 B
StageSERIES_C