What is StandardAI?
StandardAI offers VISION, an advanced technology platform designed to analyze security camera footage, providing real-time shopper insights for retailers and brands. This innovative solution enables businesses to measure in-store performance with the same granularity as e-commerce, aiming to enhance shopper engagement, validate media impact, and optimize product placement through detailed analysis of customer interactions. VISION helps track shopper behavior and translates these insights into actionable strategies to improve sales and customer experience, all while prioritizing privacy and built on a robust technology stack.
How much funding has StandardAI raised?
StandardAI has raised a total of $316M across 5 funding rounds:
Angel/Seed
$5M
Series A
$40M
Series B
$35M
Other Financing Round
$86M
Series C
$150M
Angel/Seed (2017): $5M with participation from Y Combinator, Charles River, and Initialized Capital
Series A (2018): $40M, investors not publicly disclosed
Series B (2019): $35M supported by CRV, Initialized Capital, EQT Ventures, and Y Combinator
Other Financing Round (2019): $86M featuring CRV
Series C (2021): $150M backed by CRV, EQT Partners, TI Platform Management, SoftBank Vision Fund 2, and SK Networks
Key Investors in StandardAI
CRV
CRV is a venture capital firm with a long history of investing in early-stage tech startups, known for backing companies like Airtable and DoorDash. They act as committed, long-term partners to founders from inception through IPO.
EQT Ventures
EQT Ventures is a European venture capital firm that invests in technology companies. They focus on supporting ambitious entrepreneurs and scaling businesses with significant growth potential.
Y Combinator
Y Combinator is a renowned startup accelerator that provides seed funding and mentorship to early-stage companies. They have a track record of supporting numerous successful technology ventures.
What's next for StandardAI?
With its recent major strategic investment, StandardAI is poised for accelerated growth and market expansion. The substantial capital infusion is expected to fuel further development of its VISION platform, enhance its sales and marketing efforts, and potentially explore new verticals within the retail analytics space. The company's focus on privacy-centric AI solutions positions it well to capitalize on the increasing demand for data-driven decision-making in the physical retail environment. Future developments may include deeper integration with existing retail systems and the expansion of its analytical capabilities to offer more predictive insights.
See full StandardAI company page
