Autonomous retail startup Standard Cognition acquires competitor Checkout Technologies

As cashiers across the country take precautions to limit interactions with customers in the midst of the COVID-19 pandemic, it’s hard to think of a better time for the rollout of an Amazon Go vision of autonomous retail.
Standard Cognition CEO Jordan Fisher has been building towards that future for the past several years. His startup has raised over $86 million from investors like CRV, Initialized Capital and Y Combinator to compete with Amazon and create a system for building and retrofitting a new generation of retail experiences where consumers can walk into a store, pick up their items and walk out of the store without physically checking out. In the midst of the pandemic, the early technology is getting renewed attention though the tech isn’t widespread enough to make an impact yet.
“It’s unfortunate that the industry is where it’s at today, I wish that we were five years ahead to be much more widely deployed and be able to actually make a major difference on these risk profiles,” Fisher told TechCrunch. “But I think we’re going to be thinking with a COVID mentality for years to come. This is definitely piece of investing for the future to make sure that we’re opening up our retail world in as safe a way as possible.”
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