Mashgin Stock

mashgin.comTechnology Hardware / Other Technology HardwareFounded: 2013Funding to Date: $73.79MM

Mashgin is a AI-based touchless self-checkout startup, founded by Abhinai Srivastava and Mukul Dhankhar in 2014 and headquartered in Palo Alto, California that builds smart kiosks that offer self-checkouts with no barcode or scanning required utilizing A.I. image recognition to visually identify items so that customers don't have to. Mashgin's mission is to make a frictionless checkout experience for all using advanced computer vision.

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Team

Management Team

Abhinai Srivastava
Co-Founder & Chief Executive Officer
Mukul Dhankhar
Co-Founder & Chief Technology Officer

Board Members

Ilya Sukhar
Matrix Partners

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News Highlights

Mashgin Unveils Biometric Integration with Keyo
Technology startup Mashgin announced a partnership with biometrics startup Keyo that will integrate Keyo’s system with Mashgin’s retail self-checkout kiosks. Through the partnership, Mashgin expects kiosk users to reduce their time completing transactions by about one-third. Rather than using a bank card or a mobile wallet, the technology from Keyo allows users to scan the palm of their hand. The technology is similar to technology giant Amazon’s system called Amazon One.
'Find your customers, investors will follow'
California-based company Mashgin has developed a touchless checkout system powered by AI and computer vision. The system, which has been deployed in over 3,000 locations across the US, allows customers to make electronic payments without scanning barcodes. The global self-checkout system market is expected to reach $13.98bn by 2030.
Self-checkout expert reveals the old systems are terrible – but the new machines have a guaranteed way to stop stealing
Mashgin, a Silicon Valley-based company, has developed a touchless self-checkout system that uses artificial intelligence and computer vision to identify products with 99.9% accuracy. The system aims to improve customer experience and tackle theft more effectively. The company recently partnered with Shift4, a secure payment processing solutions company, and plans to install over 10,000 machines across more than 7,000 locations in the next three years.
Updated on: May 23, 2024

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