COMPANY PROFILE

Mashgin

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Building a self-checkout kiosk that uses 3D reconstruction, computer vision and deep learning to identify items

Palo Alto, United StatesFounded 2013Marketing

Valuation $1–2.5B Last recorded · 2022

Revenue $100–500M Latest reported FY

Headcount 100–500 Current team size

Total funding $50–100M Disclosed equity funding

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About Mashgin

Mashgin is a cutting-edge technology company that specializes in creating touchless self-checkout systems using Artificial Intelligence (AI) and Computer Vision. These systems are designed to streamline the checkout process in various high-traffic environments such as stadiums, airports, and event venues. By leveraging advanced AI, Mashgin's kiosks can quickly and accurately identify multiple items placed on the checkout base, significantly reducing transaction times to an average of 27 seconds.

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The primary clients of Mashgin include large-scale venues like sports stadiums, airports, and event spaces. These clients benefit from Mashgin's technology by offering their customers a faster and more efficient checkout experience, which in turn helps to reduce long lines and improve overall customer satisfaction. For instance, Mashgin's systems have been successfully implemented at Coors Field for Rockies fans, LAX airport, and the Travelers Championship PGA TOUR event.

Mashgin operates in the retail technology market, specifically focusing on enhancing the efficiency of point-of-sale systems. The company's business model revolves around selling or leasing their self-checkout kiosks to businesses that experience high volumes of transactions and need to minimize wait times for their customers. Mashgin generates revenue through the sale or lease of these kiosks, as well as through potential service and maintenance contracts.

In summary, Mashgin is revolutionizing the checkout experience in high-traffic venues by providing a fast, efficient, and touchless solution. Their innovative use of AI and Computer Vision sets them apart in the retail technology market, making them a valuable partner for businesses looking to improve customer service and operational efficiency.

Source: Dealroom company data