Cashierless shopping company Standard Cognition has raised $ 100 million just months after joining forces with Japanese firm Paltac to launch autonomous checkouts in 3,000 European and North American stores . The series And it anonymizes data, obviating the risk of overzealous brands or retailers targeting purchasing patterns. A round was led by Intel Capital and included backing from CRV and Y Combinator . Standard Cognition ’s patented system uses machine learning and cameras to track shoppers around stores , with purchases added to a running tab and transferred to the customers ’ accounts as they leave . It can spot mistakes , said the firm , and uses AI to prevent them . It added that the system had a 99 % accuracy .
Cashierless shopping company Standard Cognition has raised $ 100 million just months after joining forces with Japanese firm Paltac to launch autonomous checkouts in 3,000 European and North American stores . The series A round was led by Intel Capital and included backing from CRV and Y Combinator . Standard Cognition ’s patented system uses machine learning and cameras to track shoppers around stores , with purchases added to a running tab and transferred to the customers ’ accounts as they leave . It can spot mistakes , said the firm , and uses AI to prevent them . It added that the system had a 99 % accuracy .