Amazon Go Rival Bets Pandemic Made Case for Cashierless Stores
Standard Cognition has signed on Circle K as a customer and aims to have its technology in at least 100 locations by year-end.
Standard Cognition’s cashierless store technology.
Source: Standard Cognition Corp.A startup selling Amazon Go-like checkout technology to retailers has raised money from investors at a $1 billion valuation, minting a new unicorn a year into a pandemic that has helped bolster the case for cashierless stores.
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 U.K.-based food-service conglomerate, is also a customer.