Mashgin the world's fastest touchless self-checkout system powered by AI and computer vision.
Mashgin aims to reduce the friction between customer desires and their ability to be on their way.
Mashgin was founded in 2014 by Abhinai Srivastava and Mukul Dhankhar. The company is headquartered in Palo Alto, California.
Mashgin's Touchless Checkout System eliminates consumer frustration while increasing revenue for retailers with checkout that is four times faster than cashiers and traditional points-of-sale.
Mashgin rings up multiple items in half a second and has an identification accuracy rate of 99.9%. They also integrate with loyalty systems, facilitate cash payments, and allow customers to pay for gas at convenience stores.
Mashgin is the most vetted computer vision-based self-checkout system on the market today, with more than 35 million transactions completed and $310 million in transactions run through the Mashgin platform to date.
Mashgin is backed by NEA, Matrix Partners, Susa Ventures, Y Combinator, Venrock, KPCB, and others. The company raised $62.5M in Series B round on May 09, 2022. This brings Mashgin's total funding to $73.7M to date. The latest round mints Mashgin a unicorn with a valuation of $1.5B post-money.