What is Mashgin?
Founded in 2013 and headquartered in Mountain View, California, Mashgin Inc. manufactures advanced self-checkout kiosks. Their proprietary system utilizes a combination of 3D reconstruction, computer vision, and deep learning to enable multi-item checkout for any product combination. This technology aims to streamline the retail checkout process, offering a faster and more efficient alternative to traditional methods. The company's focus on artificial intelligence positions it at the forefront of retail automation.
How much funding has Mashgin raised?
Mashgin has raised a total of $71M across 3 funding rounds:
Series A
$8.2M
Debt
$350K
Series B
$62.5M
Series A (2017): $8.2M with participation from Matrix Partners and TenOneTen Ventures
Debt (2020): $350K led by PPP
Series B (2022): $62.5M supported by Matrix Partners, Uniphore, NEA, Robinhood, Patreon, and Cloudflare
Key Investors in Mashgin
Matrix Partners
Matrix Partners is a venture capital firm founded in 1977, known for investing in software and services, communications equipment, semiconductors, storage, internet, and wireless sectors. They are based in San Francisco, California.
Uniphore
Uniphore is a Business AI company providing a platform that combines consumer AI simplicity with enterprise-grade rigor, security, and scalability for business applications.
NEA
NEA is a prominent venture capital firm that invests across various stages and sectors, known for backing technology and healthcare companies.
What's next for Mashgin?
The substantial enterprise-level funding and recent strategic investment indicate Mashgin is poised for significant scaling. This capital will likely be deployed to enhance product development, expand manufacturing capabilities, and broaden market penetration into new retail environments. Further investment in their AI technology and computer vision capabilities can be anticipated, solidifying their competitive edge in the rapidly evolving retail technology landscape. The company's trajectory suggests a strong focus on innovation and market leadership.
See full Mashgin company page
