Standard Cognition was founded in 2017 by Brandon Ogle, David Valdman, John Novak, Jordan Fisher, and Michael Suswal. The company has not publicly endorsed a plan to participate in an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Standard Cognition is developing an automated checkout system for retail stores. The system uses a network of AI-powered cameras to track shoppers within a store, automatically charging them for what they purchase without them having to wait in line as in a traditional checkout process. The company has raised $235 million in venture capital funding from investors including SoftBank Vision Fund 2, CRV, EQT Ventures, TI Platform Management,Initialized Capital, Charles River Ventures, Draper Associates, and SK Networks. In a press release, Standard Cognition announced that a $150 million funding round had increased its valuation to more than $1 billion, making it the first unicorn in the automated checkout industry.
Standard AI is a privately held company and is not publicly traded, therefore investing in Standard AI pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.
Can you sell shares of Standard AI before it goes public?
You can seek to sell your shares in Standard AI while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.
What is the pre-IPO value of my Standard AI shares?
To determine the value of your Standard AI shares, create a free account to gain access to Forge’s platform. In addition to the Forge Price, Forge Markets contains pricing information for hundreds of pre-IPO companies such as Last Closed Trade Price. A Private Market Specialist will also be available to assist you with any inquiries related to your Standard AI shares. You can also learn more about how to sell your private shares before getting started.
Is Standard AI a publicly traded company?
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
To learn more about Standard AI potential IPO
Will Standard AI go IPO?
Standard AI has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.
What is Standard AI’s IPO price?
The Standard AI IPO price does not exist at this time, as Standard AI is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Standard AI register for Forge Markets, today.
When was Standard AI founded?
Standard AI was founded in 2017.
What is Standard AI funding to date?
Standard AI has raised $528.84MM to date.
Who are Standard AI’s major investors?
Sk Networks
Ti Platform Management
Draper Associates
The Garage Syndicate
Initialized Capital
Eqt Ventures
Y Combinator
Softbank Vision Fund
Softbank
Crv
Capital
Standard AI Funding Rounds and Valuation
Funding History Chart
Funding Round Details
Funding Date
Share Class
Amount Raised
Price per Share
Post-Money Valuation
Key Investors
06/30/2021
Series C
$178.27MM
$xx.xx
$100.39B
Crv, Eqt Ventures, Sk Networks, Softbank, The Garage Syndicate, Ti Platform Management
Price per Share
$xx.xx
Shares Outstanding
4,418,111
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Crv, Eqt Ventures, Sk Networks, Softbank, The Garage Syndicate, Ti Platform Management
07/25/2019
Series B
$35.04MM
$xx.xx
$53.5B
Crv, Eqt Ventures, Initialized Capital, Y Combinator
Price per Share
$xx.xx
Shares Outstanding
1,303,388
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Crv, Eqt Ventures, Initialized Capital, Y Combinator
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November Private Market Update
