Headquarters: San Francisco, California
Standard provides AI-powered autonomous checkout solutions for brick and mortar retailers. The Standard solution lets consumers shop and pay without waiting in line, scanning or stopping to check out.
Standard’s computer vision and AI-powered solution is the only one that can be quickly and easily installed in retailers’ existing stores.
With the most mature team, most funding raised and real stores open, Standard AI is heads and shoulders above other companies in this space.
AI and computer vision are at the heart of the next generation of retail innovation. This new category will be bigger than mobile or the Internet – it is the most disruptive thing to happen to retail in decades.
Standard acquired Milan-based, Checkout Technologies, which has developed AI technology for retail frictionless checkout, seeding its European presence.
Touchless technologies are better equipped to draw customers into stores going forward considering recent changes in consumer behavior due to COVID-19.
Standard worked with Circle K to launch a new autonomous checkout experience at a retail store in Arizona and partnered with Worcester Red Sox to announce baseball’s first autonomous retail experience – the WooSox Market at Polar Park. The two companies are planning to bring this technology to other ballparks and sports arenas.
Standard has bolstered its executive team by adding Jennifer Haroon as CFO and Angie Westbrock as COO and hired its first-ever vice president of machine learning, Sameer Qureshi, in November 2021. Qureshi has previously led teams at Lyft, Tesla and Intel.
Standard recently completed its acquisition of ThirdEye Labs, a London-based, award-winning technology firm with the goal of using computer vision to help retailers.
Standard recently partnered with the University of Houston to transform an on-campus convenience store into the nation’s first retrofitted, completely touchless, cashierless retail experience.
Standard was recently named a winner in Business Intelligence Group’s Artificial Intelligence Excellence Awards program and was included in CB Insights’ inaugural Retail Tech 100 ranking.
In February 2022, San Jose State University (SJSU) announced that its Ginger Market has been transformed into an autonomous retail experience, enabling students, faculty, and staff to grab the items they want and go—without having to scan anything or wait in line to pay. The university worked with Chartwells Higher Education and Standard AI to retrofit the market without ceasing store operations or altering its layout. Standard AI was able to integrate fully with retail operations, including inventory management systems and visual merchandising.
In April 2022, the American Airlines Center announced the opening of two new frictionless food and beverage experiences. The Center opened a new Market To-Go shop on the arena’s Terrace Level with a second location on the Main Concourse of the arena to open shortly after. Powered by autonomous retail technology from Standard AI, the markets are among the first food and beverage destinations at a North American sports venue that fully integrate AI and mobile payments for an autonomous experience.
In June 2022, Standard AI launched its latest autonomous store in collaboration with Compass Group and FLIK Hospitality Group. Customers can easily “check in” using Compass Digital Labs’ Thrive mobile app, which is already used by employees to order their favorite meals, snacks, and drinks at other stores within the pharmaceutical company’s headquarters.