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Standard Cognition raised $5.5m to create a cashier-less checkout experience

Palo Alto, based developer of a checkout free AI shopping system for the retail industry, raised $5.5 million in funding led by CRV.

“The platform is built at this point – we are now focused on releasing the platform to each retail partner that signs on with us,” Michael Suswal, Co-founder and COO said. “Most of the surprises coming our way come from learning about how each retailer prefers to run their operations and store experiences. They are all a little different and require us to be flexible with how we deploy.”