Founded Year

2014

Stage

Series B | Alive

Total Raised

$62.67M

Valuation

$0000 

Last Raised

$62.5M | 3 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-11 points in the past 30 days

About Mashgin

Mashgin specializes in AI-powered self-checkout systems within the retail automation sector. Its main product leverages 3D vision and deep learning algorithms to recognize items quickly and accurately, aiming to enhance the checkout process by reducing transaction times and increasing retailer revenue. Mashgin's technology is utilized across various sectors, including convenience stores, sports and entertainment venues, and business dining facilities. It was founded in 2014 and is based in Palo Alto, California.

Headquarters Location

849 E Charleston Road

Palo Alto, California, 94303,

United States

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Mashgin's Product Videos

ESPs containing Mashgin

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / In-Store Tech

The unattended checkout market offers a range of solutions to retailers looking to provide unmanned point-of-sale and checkout technology. Solutions involve the deployment of kiosks, mobile applications, and computer vision technology to facilitate a seamless and contactless checkout experience for customers. This market is driven by the increasing demand for convenient and efficient shopping expe…

Mashgin named as Leader among 14 other companies, including Amazon, AiFi, and MishiPay.

Mashgin's Products & Differentiators

    Mashgin Touchless Checkout System

    Mashgin is the world's fastest self-checkout system. It leverages computer vision to identify items presented from virtually any angle and instantly ring them up in a single transaction. It doesn’t need barcodes or RFIDs, perfectly consistent packaging, or particular orientations to work correctly. Consumers simply place their items down, pay, and go--in less than 10 seconds. Mashgin instantly identifies packaged goods, produce, and open plated food items (e.g., an apple or piece of fruit, salad, combo meal plate, etc.). Its patented technology has the ability to recognize any number of items simultaneously and in any orientation in which they are presented.

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Expert Collections containing Mashgin

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Mashgin is included in 7 Expert Collections, including Restaurant Tech.

R

Restaurant Tech

1,075 items

Hardware and software for restaurant management, bookings, staffing, mobile restaurant payments, inventory management, cloud kitchens, and more. On-demand food delivery services are excluded from this collection.

S

Store tech (In-store retail tech)

2,161 items

Companies that make tech solutions to enable brick-and-mortar retail store operations.

U

Unicorns- Billion Dollar Startups

1,270 items

G

Grocery Retail Tech

831 items

Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.

N

New Retail Formats

368 items

Tech-enabled, physical retail selling formats that reach beyond the walls of a traditional store.

R

Retail Tech 100

200 items

The most promising B2B tech startups transforming the retail industry.

Mashgin Patents

Mashgin has filed 20 patents.

The 3 most popular patent topics include:

  • computer vision
  • 3d imaging
  • image processing
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/18/2021

6/4/2024

Visual system, Pseudoscience, Psychometrics, Vision, Cerebellum

Grant

Application Date

5/18/2021

Grant Date

6/4/2024

Title

Related Topics

Visual system, Pseudoscience, Psychometrics, Vision, Cerebellum

Status

Grant

Latest Mashgin News

New Report Finds Long Concession Lines at MLB Games Cause Fans to Miss Crucial Plays, Vendors to Lose Revenue

Apr 8, 2025

Fans to Miss Crucial Plays, Vendors to Lose Revenue New data from Mashgin shows that fans would spend more on concessions if lines were shorter, and that concession lines are the most disliked aspect of attending a game April 08, 2025 09:00 ET Mashgin PALO ALTO, Calif., April 08, 2025 (GLOBE NEWSWIRE) -- Mashgin , the AI-powered checkout company, today released data revealing the impact that concession lines at Major League Baseball (MLB) games have on the fan experience, leaving fans frustrated and vendor revenue on the table. Over half (53%) of the MLB fans surveyed estimated that they wait 15 minutes or more in line each time they go to the concession stand, meaning they are missing close to one full inning every time they leave their seat for food and beverage items. The wait time has an impact on fans: 79% say that they’ve missed a crucial or memorable play during a game because they were waiting in a concessions line. The new report, Beyond the Bases: The Impact of Concession Lines on the MLB Fan Experience , surveyed over 530 baseball fans who have attended a game in the last two seasons. It illustrates that, while the MLB continues to modernize the on-field experience with in-game technology, there remains a significant opportunity to use in-stadium technologies to expedite and improve aspects of the fan experience that take away from enjoying the game. Concession Lines Resulting in Fan FOMO Food and drinks are essential aspects of the game-day experience — hot dogs, beers, peanuts, Cracker Jacks, sunflower seeds, and more are all staples found at every MLB stadium. 67% of survey respondents said that enjoying food and beverage is one of their favorite parts of attending a game, second only to socializing with friends and family (78%). However, 56% of fans surveyed said they feel rushed when they leave their seat for the concession stand because they’re anxious about missing the game. The fear of missing out is real, with over 80% of fans saying that they have abandoned a concessions purchase because the line was taking too long. This taps into an unfortunate shared experience amongst fans — missing a home run, double play or big hit and hearing the roar of the crowd from afar. Concessionaires leaving money on the table Fans estimate that they spend an average of $56 per game on concessions. However, that number could be higher — 77% of fans said that they would buy more food and/or beverages if concession wait times were shorter. And these lines are the least favorite part of attending a game, according to 71% of fans. They dislike it even more than parking and transportation (68%), dirty/unpleasant restrooms (61%), and waiting in line to enter the stadium (53%). Technology can help solve all of these problems, and fans are reporting that they are starting to use them more often. 46% said they have used automated or self-checkout machines at concessions, 38% have used mobile apps to order ahead for food and beverage, and 29% have used facial ID to gain entry to the park. Mashgin AI-powered checkout systems use powerful computer vision technology and practical AI to significantly reduce transaction times. Mashgin kiosks are deployed at 20 out of 30 MLB stadiums, allowing fans to spend less time waiting in line and more time watching the game, while increasing revenue opportunities for concessionaires. During the 2024 MLB season, Mashgin delivered a median transaction time of under 15 seconds across over 3.6 million transactions and $88M in concession sales. “MLB has done a great job making the game faster and more entertaining. As the league continues to build an even better fan experience, I predict some focus will shift from the field to the promenade,” said Brandon Scott, vice president of sales at Mashgin. “Implementing AI-powered technologies that can expedite food and beverage transactions will drive higher satisfaction for both fans and vendors. It’s truly a win-win.” The full report can be downloaded here: https://www.mashgin.com/content/reports/mlb-report-2025 . About Mashgin Mashgin is the world's fastest checkout system, powered by AI and computer vision. By eliminating barcode scanning, Mashgin allows customers to simply place items on the tray, pay, and be on their way in under 10 seconds. With checkout speeds up to four times faster than traditional systems, Mashgin not only enhances customer satisfaction but also boosts revenue for retailers by reducing wait times and streamlining operations. Founded in 2014 and headquartered in Palo Alto, California, Mashgin is a privately held company backed by NEA, Matrix Partners, Susa Ventures, and Y Combinator. Follow Mashgin on LinkedIn or learn more about Mashgin at www.mashgin.com . Press Contact:

Mashgin Frequently Asked Questions (FAQ)

  • When was Mashgin founded?

    Mashgin was founded in 2014.

  • Where is Mashgin's headquarters?

    Mashgin's headquarters is located at 849 E Charleston Road, Palo Alto.

  • What is Mashgin's latest funding round?

    Mashgin's latest funding round is Series B.

  • How much did Mashgin raise?

    Mashgin raised a total of $62.67M.

  • Who are the investors of Mashgin?

    Investors of Mashgin include Y Combinator, New Enterprise Associates, Matrix Partners, Susa Ventures, UpHonest Capital and 12 more.

  • Who are Mashgin's competitors?

    Competitors of Mashgin include AiFi, Trigo, Boxy, Supersmart, Standard AI and 7 more.

  • What products does Mashgin offer?

    Mashgin's products include Mashgin Touchless Checkout System.

  • Who are Mashgin's customers?

    Customers of Mashgin include Circle K, Delek Stores, HMS Host and Denver Broncos.

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Compare Mashgin to Competitors

Standard AI Logo
Standard AI

Standard AI focuses on transforming the retail industry through artificial intelligence. The company offers a platform that uses artificial intelligence (AI)-powered cameras and deep algorithms to provide checkout-free shopping experiences, real-time reporting on shopper behavior, and insights into inventory and stocks. Its primary services are utilized in the retail sector. It was founded in 2017 and is based in San Francisco, California.

Inokyo Logo
Inokyo

Inokyo specializes in autonomous checkout technology for the retail sector, aiming to streamline the shopping experience. Its main offerings include a system that tracks customers' virtual carts in real-time and allows for tap and go payments, eliminating the need for traditional checkout processes. Inokyo's solutions cater to a variety of store sizes and are designed to improve operational efficiency and provide valuable customer insights. It was founded in 2018 and is based in San Francisco, California.

SandStar Logo
SandStar

SandStar operates in retail technology, focusing on AI solutions and data analytics. The company provides AI automated retail machines that use visual recognition and edge computing for self-service shopping experiences. SandStar's products aim to improve operational efficiency and profit margins for retail businesses. SandStar was formerly known as YI Tunnel. It was founded in 2016 and is based in Beijing, Beijing.

Trigo Logo
Trigo

Trigo provides a computer vision company and operates in retail. It provides a retail automation platform that uses artificial intelligence to identify shopping items with high accuracy, enabling a seamless checkout process and providing valuable retail insights. It provides EasyOut for customer shopping and related services. It primarily sells to the grocery retail industry. Trigo was formerly known as Trigo Vision. It was founded in 2018 and is based in Ramat Gan, Israel.

Zippin Logo
Zippin

Zippin specializes in checkout-free technology within the retail sector. The company provides an artificial intelligence-powered platform that uses machine learning and sensor fusion technology to enable purchases. It is primarily utilized by sports and entertainment venues, airports, train stations, convenience stores, college campuses, and healthcare organizations. Zippin was formerly known as Zyp. It was founded in 2018 and is based in San Francisco, California.

AiFi Logo
AiFi

AiFi specializes in autonomous retail technology and operates within the retail and technology sectors. The company offers computer vision solutions that enable retailers to implement frictionless shopping experiences without needing shelf sensors. It primarily sells to the retail industry, providing advanced analytics and AI (artificial intelligence)-powered checkout systems to enhance the shopping experience. The company was founded in 2016 and is based in Burlingame, California.

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