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New Self-Checkout Tech Doesn’t Need Barcodes – and Can Even Identify Food on a Plate

The company behind the AI-powered kiosks just hit a $1.5 billion valuation.

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New Self-Checkout Tech Doesn’t Need Barcodes – and Can Even Identify Food on a Plate

An upstart tech company is scaling its self-checkout technology, which is able to scan multiple items in mere seconds, Forbes writes.

Mukul Dhankar and Abhinai Srivastava are the braintrust behind Mashgin (Palo Alto, CA), whose touchless self-checkout kiosks are powered by AI and don’t need barcodes.

The article describes the technology:

“The easy-to-install countertop system includes multiple cameras that build a three-dimensional understanding of objects, regardless of item or placement of packaging. Mashgin’s computer vision AI can identify packaged products as well as food on a plate enabling customers at retail stores, stadium concessions and cafeterias to pay-and-go up to 10 times faster than at a traditional cashier.”

Mashgin just raised $62.5 million in venture capital, which brings the tech outfit’s valuation to $1.5 billion. The company, which is operating at a profit, will use its latest cash infusion to expand its 20-person payroll and grow its business in Europe.

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Read more at Forbes.

Since launching in 2014, INVISION has won 23 international journalism awards for its publication and website. Contact INVISION's editors at [email protected].

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