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Mashgin raises $62.5m in Series B funding

Palo Alto based touchless self-checkout system provider raised $62.5m in Series B funding led by NEA.

"The global pandemic accelerated the adoption of touchless technologies, but consumer behavior has turned them into the baseline expectation," said Mashgin Chief Technology Officer and co-founder, Mukul Dhankar. "Our mission is to leverage artificial intelligence to create real world benefits for people. By making time-draining tasks fast and seamless, we enable consumers to get back to what really matters, while freeing up businesses to truly innovate on the customer experience to build lasting loyalty."

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