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Standard Cognition

Standard Cognition

Standard Cognition is a software company creating autonomous checkout systems for brick-and-mortar establishments.

Standard Cognition is a software company creating autonomous checkout systems for brick-and-mortar establishments. The company was founded in 2017 by David Valdman, Brandon Ogle, Michael Suswal, Daniel Fischetti, Anthony Lutz, Jordan Fisher, and John Novak.

The company offers an AI-Powered Autonomous Checkout that enables an autonomous checkout for brick and mortar retailers with its next generation AI-powered computer vision platform.

Standard Cognition is positioned as a leader in the field of computer vision, a technology that TI Platform Management believes will bring opportunities in tens of trillions of dollars across multiple sectors.

Standard Cognition raised $150M in its Series C led by SoftBank Vision Fund 2 with participation from EQT, CRV, SK Networks, and a set of investors. With the single largest investment for an autonomous checkout or pure-play computer vision company, Standard becomes the industry’s first unicorn at a billion dollar valuation. The funding is expected to be used to expand the Standard platform in new ways and bring AI-driven checkout to the masses with the opening of more than 50,000 stores in the next five years.

Standard Cognition participated in the YC S17 cohort of Y Combinator and the company raised an estimated $10,620,000.

Timeline

May 2021
Standard Cognition raises a $200,000 venture round from Joint Journey.
February 2021
Standard Cognition raises a $150,000,000 series C round from Charles River Ventures, EQT Ventures, Fort Ross Ventures, SK Networks, SoftBank Vision Fund and TI Platform Management.
May 20, 2020
Standard Cognition acquires Checkout Technologies, a Milan, Italy-based developer of Artificial Intelligence (AI) technology for easy retail checkout.
May 19, 2020
Standard Cognition acquires competitor Checkout Technologies.
April 2020
Standard Cognition raises a $2,400,000 venture round.
August 2019
Standard Cognition raises a $35,000,000 series B round from Amaranthine, Charles River Ventures, EQT Ventures, Initialized Capital, Tiny Capital and Y Combinator.
July 25, 2019
Series B

Standard Cognition has raised $35 million in Series B financing round led by EQT Ventures, Initialized Capital, CRV and Y Combinator. The company has raised a total of $86 million in venture capital funding.

July 24, 2019
Standard Cognition raises a $35,000,000 series B round.
November 15, 2018
Series A

Standard Cognition has raised $40 million in Series A funding round led by Alexis Ohanian and Garry Tan’s Initialized Capital. CRV, Y Combinator, and Draper Associates joined the round that builds on the startup's $11 million in seed funding.

November 2018
Standard Cognition raises a $40,000,000 series A round from Amaranthine, Charles River Ventures, Draper Associates, Initialized Capital, SchindlerAM Ventures and Y Combinator.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

News

Title
Author
Date
Publisher
Description
Reza Chowdhury
March 3, 2021
AlleyWatch
The Pulse of New York Tech
AlleyWatch
February 21, 2021
AlleyWatch
The Pulse of New York Tech
FinSMEs
May 20, 2020
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Lucas Matney
May 19, 2020
TechCrunch
As cashiers across the country take precautions to limit interactions with customers in the midst of the COVID-19 pandemic, it's hard to think of a better time for the rollout of an Amazon Go vision of autonomous retail. Standard Cognition CEO Jordan Fisher has been building towards that future for the past several years. His [...]
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References

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