Mashgin develops AI-powered checkout systems that utilize computer vision to automatically identify items based on their shape, size, and texture, significantly reducing checkout times. This technology addresses long wait times at retail locations by enabling faster transactions, resulting in increased customer satisfaction and higher revenue for businesses.
Funding
$62.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Retail locations often experience long checkout lines, leading to customer dissatisfaction and potential revenue loss due to abandoned purchases. Traditional checkout processes can be slow and inefficient, requiring manual scanning and item identification.
Solution
Mashgin offers an AI-powered, touchless self-checkout system that leverages computer vision to identify items instantly, without the need for manual scanning. Customers simply place their items on the Mashgin kiosk, and the system automatically recognizes them using shape, size, color, texture, and specular reflection. This results in significantly faster transaction times, reduced lines, and improved customer throughput. The system's AI algorithms continuously learn and improve with each transaction, ensuring reliable and consistent item identification.
Target Audience
Mashgin primarily targets high-volume retail environments such as convenience stores, stadiums, cafes, university dining halls, healthcare facilities, and grab-and-go establishments seeking to reduce checkout times and improve customer experience.
Features
- AI-powered item recognition using advanced computer vision technology
- Touchless self-checkout for faster and more hygienic transactions
- Real-time learning algorithms that improve item identification accuracy
- High throughput, enabling up to 4x faster checkout speeds
- Easy integration with existing POS systems
- Remote monitoring and diagnostics for proactive maintenance
- Support for various payment methods, including cash, credit cards, and mobile payments