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Founded Year

2014

Stage

Series B | Alive

Total Raised

$62.67M

Valuation

$0000 

Last Raised

$62.5M | 3 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-36 points in the past 30 days

About Mashgin

Mashgin specializes in AI-powered self-checkout systems within the retail automation sector. Its main product leverages 3D vision and deep learning algorithms to recognize items quickly and accurately, aiming to enhance the checkout process by reducing transaction times and increasing retailer revenue. Mashgin's technology is utilized across various sectors, including convenience stores, sports and entertainment venues, and business dining facilities. It was founded in 2014 and is based in Palo Alto, California.

Headquarters Location

849 E Charleston Road

Palo Alto, California, 94303,

United States

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Mashgin's Product Videos

ESPs containing Mashgin

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / In-Store Tech

The unattended checkout market offers a range of solutions to retailers looking to provide unmanned point-of-sale and checkout technology. Solutions involve the deployment of kiosks, mobile applications, and computer vision technology to facilitate a seamless and contactless checkout experience for customers. This market is driven by the increasing demand for convenient and efficient shopping expe…

Mashgin named as Leader among 14 other companies, including Amazon, AiFi, and MishiPay.

Mashgin's Products & Differentiators

    Mashgin Touchless Checkout System

    Mashgin is the world's fastest self-checkout system. It leverages computer vision to identify items presented from virtually any angle and instantly ring them up in a single transaction. It doesn’t need barcodes or RFIDs, perfectly consistent packaging, or particular orientations to work correctly. Consumers simply place their items down, pay, and go--in less than 10 seconds. Mashgin instantly identifies packaged goods, produce, and open plated food items (e.g., an apple or piece of fruit, salad, combo meal plate, etc.). Its patented technology has the ability to recognize any number of items simultaneously and in any orientation in which they are presented.

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Expert Collections containing Mashgin

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Mashgin is included in 7 Expert Collections, including Restaurant Tech.

R

Restaurant Tech

1,075 items

Hardware and software for restaurant management, bookings, staffing, mobile restaurant payments, inventory management, cloud kitchens, and more. On-demand food delivery services are excluded from this collection.

S

Store tech (In-store retail tech)

2,125 items

Companies that make tech solutions to enable brick-and-mortar retail store operations.

U

Unicorns- Billion Dollar Startups

1,258 items

G

Grocery Retail Tech

831 items

Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.

N

New Retail Formats

368 items

Tech-enabled, physical retail selling formats that reach beyond the walls of a traditional store.

R

Retail Tech 100

200 items

The most promising B2B tech startups transforming the retail industry.

Mashgin Patents

Mashgin has filed 20 patents.

The 3 most popular patent topics include:

  • computer vision
  • 3d imaging
  • image processing
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/18/2021

6/4/2024

Visual system, Pseudoscience, Psychometrics, Vision, Cerebellum

Grant

Application Date

5/18/2021

Grant Date

6/4/2024

Title

Related Topics

Visual system, Pseudoscience, Psychometrics, Vision, Cerebellum

Status

Grant

Latest Mashgin News

Mashgin saving NFL fans millions of minutes during this season

Jan 23, 2025

The Marlins are one of the almost 150 teams using Mashgin self-check kiosks at their venuesMashgin Self-checkout system provider Mashgin has built out a presence in professional sports venues. The company, which utilizes AI and computer vision in their kiosks, is now in almost 150 sports venues that span from collegiate stadiums to the minor and major leagues. Recently, Mashgin announced a continuation of that growth in 2024, seeing 24 new venues join as clients. For context, less than two years ago, it was in approximately 40 venues. Mashgin also created a significant impact on patrons, according to a report the company shared with SBJ about the NFL fan experience. Sixteen NFL stadiums produced more than 1.4 million items sold through Mashgin kiosks during the 2024 regular season, totaling $14.6 million in sales with an average purchase price of $23 per transaction. The best part? The median transaction time was less than 15 seconds. Brandon Scott, VP/sales, sees Mashgin’s growth in sports as a testament to the industry -- with teams, leagues, venues and third parties continuing to produce game-day experiences with less friction. “We’re riding a lot of that wave,” Scott said. “We’ve done a really good job of just listening -- of getting feedback, doing integrations, making sure our solution is not on an island.” Scott pointed to the amount of time saved by NFL fans during the 2024 regular season -- a total of 6.3 million minutes, comparing Mashgin transaction time to the 13-minute average time spent by fans at food stands, cited by space utilization platform InnerSpace -- as a clear indicator of impact. The company estimates that a fan taking two concessions trips can miss 23 plays (which could mean potentially three scoring drives), which across a nine-game home slate could equate to potentially 27 missed scoring drives during a season. But real-world consequences are what really resonate with Scott. He pointed to the thoughts of a recent college administrator as a clear example. “The feedback I got from the client -- it's a big Power Four school -- wasn't revenue. The first thing they said when they began that call was, ‘The fire marshal has stopped yelling at me.’” Some key wins for Mashgin in 2024 included expansions in college venues like Texas and Auburn as well as rolling out more than 60 units at the Bears’ Soldier Field. The company has also been part of the growing innovation around LAFC’s BMO Stadium, which my SBJ colleague Bret McCormick wrote about at the end of last year regarding the all-around benefits of mobile driver’s license. For 2025, Scott says that Mashgin is hopeful to roll out some new products that will fit in “different parts of the stadium, different service styles” during the back end of the calendar year. He also wants to continue Mashgin’s international traction, saying that the company has circled around Europe and the U.K. without a direct push there yet. With a large presence already established throughout the U.S., Scott still sees opportunities for kiosk expansion in venues it's already occupying. “Seeing more of them [in use], and potentially having an entire stadium [using] Mashgin would be at the top of my wish list,” Scott said.

Mashgin Frequently Asked Questions (FAQ)

  • When was Mashgin founded?

    Mashgin was founded in 2014.

  • Where is Mashgin's headquarters?

    Mashgin's headquarters is located at 849 E Charleston Road, Palo Alto.

  • What is Mashgin's latest funding round?

    Mashgin's latest funding round is Series B.

  • How much did Mashgin raise?

    Mashgin raised a total of $62.67M.

  • Who are the investors of Mashgin?

    Investors of Mashgin include Y Combinator, New Enterprise Associates, Matrix Partners, Susa Ventures, Kleiner Perkins and 12 more.

  • Who are Mashgin's competitors?

    Competitors of Mashgin include AiFi, Trigo, Boxy, Supersmart, Standard AI and 7 more.

  • What products does Mashgin offer?

    Mashgin's products include Mashgin Touchless Checkout System.

  • Who are Mashgin's customers?

    Customers of Mashgin include Circle K, Delek Stores, HMS Host and Denver Broncos.

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Compare Mashgin to Competitors

Standard AI Logo
Standard AI

Standard AI focuses on transforming the retail industry through artificial intelligence. The company offers a platform that uses artificial intelligence (AI)-powered cameras and deep algorithms to provide checkout-free shopping experiences, real-time reporting on shopper behavior, and insights into inventory and stocks. Its primary services are utilized in the retail sector. It was founded in 2017 and is based in San Francisco, California.

AiFi Logo
AiFi

AiFi specializes in autonomous retail technology and operates within the retail and technology sectors. The company offers computer vision solutions that enable retailers to implement frictionless shopping experiences without needing shelf sensors. It primarily sells to the retail industry, providing advanced analytics and AI-powered checkout systems to enhance the shopping experience. The company was founded in 2016 and is based in Burlingame, California.

Inokyo Logo
Inokyo

Inokyo specializes in autonomous checkout technology for the retail sector, aiming to streamline the shopping experience. Its main offerings include a system that tracks customers' virtual carts in real-time and allows for tap and go payments, eliminating the need for traditional checkout processes. Inokyo's solutions cater to a variety of store sizes and are designed to improve operational efficiency and provide valuable customer insights. It was founded in 2018 and is based in San Francisco, California.

Zippin Logo
Zippin

Zippin specializes in checkout-free technology within the retail sector. The company provides an artificial intelligence-powered platform that uses machine learning and sensor fusion technology to enable purchases. It is primarily utilized by sports and entertainment venues, airports, train stations, convenience stores, college campuses, and healthcare organizations. Zippin was formerly known as Zyp. It was founded in 2018 and is based in San Francisco, California.

SandStar Logo
SandStar

SandStar operates in retail technology, focusing on AI solutions and data analytics. The company provides AI automated retail machines that use visual recognition and edge computing for self-service shopping experiences. SandStar's products aim to improve operational efficiency and profit margins for retail businesses. SandStar was formerly known as YI Tunnel. It was founded in 2016 and is based in Beijing, Beijing.

Trigo Logo
Trigo

Trigo provides a computer vision company and operates in retail. It provides a retail automation platform that uses artificial intelligence to identify shopping items with high accuracy, enabling a seamless checkout process and providing valuable retail insights. It provides EasyOut for customer shopping and related services. It primarily sells to the grocery retail industry. Trigo was formerly known as Trigo Vision. It was founded in 2018 and is based in Ramat Gan, Israel.

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