“The physical retail industry must accelerate its pace of digital transformation to better compete with online players,” said Serena Dayal, Investment Director at SoftBank Investment Advisers. “We believe Standard is emerging as a clear leader for autonomous checkout, driven by advanced AI-powered technologies. We are excited to partner with the Standard leadership team as they aim to accelerate deployment of checkout-free technology with retailers seeking to improve their customers’ shopping experience.”

https://www.globenewswire.com/news-release/2021/02/17/2177202/0/en/Standard-Raises-150M-from-SoftBank-Vision-Fund-2-Others-to-Usher-in-the-Computer-Vision-Revolution.html