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Standard Cognition raises $35 million in Series B funds to grow autonomous checkout

Standard Cognition plans to expand its autonomous checkout into new markets.

July 26, 2019

Standard Cognition, a San Francisco-based firm specializing in autonomous checkout technology, raised $35 million in Series B funding led by EQT Ventures, a spokesperson told Mobile Payments Today. 

The company, which operates a cashless convenience store in San Francisco and sells autonomous checkout technology to outside retailers, plans to use the funding to double the size of is workforce and pursue expansion in Europe, starting with the U.K., she said. 

Standard does not plan to open additional retail locations, but will sell its technology to other retailers. The company currently has 85 workers.

Existing investors, including Initialized Capital, CRV and Y Combinator, also participated in the funding, according to Venture Beat. 

Cover photo: Standard Cognition