An employee scans in to shop at the Amazon Go store in Seattle, Washington, US. Fisher, Standard’s co-founder and chief executive officer, believes the pandemic has accelerated interest in cashierless technology. — Bloomberg
A US startup selling Amazon Go-like checkout technology to retailers has raised money from investors at a US$1bil (RM4.03bil) valuation, minting a new unicorn a year into a pandemic that has helped bolster the case for automated checkout.
Standard Cognition Corp, based in San Francisco, offers a package of cameras and software that tracks browsing shoppers and automatically charges them when they exit. Circle K, the convenience store chain owned by Alimentation Couche-Tard Inc, is installing Standard’s technology in an Arizona store, with more to follow. Compass Group PLC, a UK-based food-service conglomerate, is also a customer.
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