Standard AI
Automated checkout technology
- 101-200 employees
- Retail
- B2B
- Artificial Intelligence
- Security
- Payments
- Computer Vision
- Machine Learning
- Automation
- SoMa, San Francisco, CA
Jump to section
Company mission
Standard AI's mission is to revolutionize the way the world shops.
-4% employee growth in 12 months
Our take
Automated checkouts allow brick-and-mortar retailers to cut down substantially on labor costs, and for the majority of consumers they reportedly represent an attractive kind of queue-free, contactless shopping experience. So it’s no surprise that the race is on to develop a market-cornering solution. Standard AI is one startup throwing its hat into the ring.
Standard AI’s technology uses cameras, computer vision, and AI to track shopper activity and automatically log and process their purchases. This means all that’s required for installation are carefully positioned cameras and some onsite servers - this makes it competitively fast and accessible, especially for smaller retailers. Plus, whilst it’s not the only company using this approach, it’s the only one making a firm commitment to not using facial recognition technology. This could prove important as the technology is more broadly adopted.
Standard’s tech has so far, however, only been deployed in a handful of convenience stores. With momentum for cashierless checkouts growing, Standard will need to roll out faster to avoid being left behind. Startup competitors like Zippin and Grabango, for example, are already making impressive headway, and of course major competitors like Amazon and Walmart are beginning to dominate too.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Compensation that Adds Up: We offer competitive salaries with meaningful equity opportunities
- Work From (Almost) Anywhere: Our team currently works from three continents, and every employee receives a $750 stipend to support their home office needs
- Take Care of Yourself: Standard covers 100% of your Medical, Vision, Dental, and Life insurance
- Time Off for What Matters: We go beyond the norm when it comes to company-wide holidays, giving everyone time off for important dates like Juneteenth
Company values
- Set the new standard
- Create opportunities for equity
- Many teams, one mission
- Be methodical, not rigid
- Listen and speak with empathy
- Be proactively transparent
Funding (last 2 of 6 rounds)
Feb 2021
$150m
SERIES C
Jul 2019
$35m
SERIES B
Total funding: $235.7m
This company has top investors
Leadership
Jordan Fisher
(Co-founder & CEO)With a doctorate in applied mathematics, subsequently served as the president of Pwnee Studios, and then the development branch chief at the U.S. Securities and Exchange Commission.
Brandon Ogle
(Co-founder & ML Engineer)Previously worked in quantitative strategies with Carter Bain Wealth Management, before moving into data science at Columbia University. Then contracted with the quantitative analytics unit at the U.S. Securities and Exchange Commission.
Daniel Fischetti
(Co-founder & Architect)A materials science graduate who worked as a software engineer at QUANTUMKDB, before taking up a consultancy position at First Derivatives.
TJ Lutz
(Co-founder)Originally founded TJ's Fitness Training, and then worked as VP of Pwnee Studios.