Mashgin is a privately held company based in Palo Alto, California, founded in 2014. It specializes in developing AI-powered, touchless self-checkout systems that utilize computer vision to identify items instantly, enhancing customer experience and increasing revenue for retailers.
Mashgin Corporate Details & Core Services
Mashgin is a privately held company based in Palo Alto, California, founded in 2014. It specializes in developing AI-powered, touchless self-checkout systems that utilize computer vision to identify items instantly, enhancing customer experience and increasing revenue for retailers.
AI CheckoutComputer VisionRetail TechnologyDeep Learning
What are Mashgin's Key Business Metrics & Stats?
No of employees
90
Founded year
2014
Type
private
Industry
Software Development
Location
Palo Alto, California, United States
Pricing Strategy
Monthly service fee per kiosk, Exclusive pricing deals for partners, Potential performance-based pricing models
How much funding has Mashgin raised to date?
Name
Description
Funding Amount
USD 62.5 Million
Stage
Series B
Latest Valuation
1.5 Billion (USD)
Lead Investor
NEA
Investors
NEA, Matrix Partners
What are Mashgin's Core Products?
Name
Description
Mashgin Touchless Checkout System
An AI-powered self-checkout kiosk that uses computer vision to identify multiple items simultaneously without the need for barcodes, enabling customers to complete transactions in as little as 5 seconds.
What are the latest developments at Mashgin?
Date
Type
Description
April, 2025
news
Mashgin's AI-powered checkout kiosks surpass one billion transactions, marking a 1,233% increase in three years.
February, 2025
news
Wesco expands Mashgin's AI-powered checkout to over 20 locations after successful initial deployment.
January, 2025
news
Mashgin's report highlights the need to reduce wait times at NFL stadium concessions to enhance fan experience.
January, 2025
news
Mashgin's AI checkout systems process over 440 million transactions in 2024 across 4,000+ locations.
February, 2023
news
Mashgin integrates with Shift4's payment processing to enhance self-checkout experiences.
What industry awards and recognitions has Mashgin received?
Date
Type
Description
May, 2022
award
Mashgin wins Gold Edison Award for its AI-powered touchless self-checkout system.
March, 2022
award
Mashgin named one of the World's Most Innovative Companies in Retail by Fast Company.
September, 2021
award
Mashgin named Retail Company of the Year by Stevie International Business Awards.
October, 2021
award
Mashgin's touchless self-checkout system named #1 New Product at 2021 NACS Show.
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