Mashgin
Latest round
- Series B
Last raised
- May 2022
Total raised
- $71M
Investors
- 4
About Mashgin
Mashgin, Inc.Founded in 2014 and headquartered in Palo Alto, US, Mashgin, Inc. specializes in AI-powered self-checkout systems. The founders, Abhinai Srivastava and Mukul Dhankhar, previously founded other companies.Mashgin specializes in advanced computer-vision technology that facilitates a fast, efficient self-checkout experience for various consumer sectors, including convenience stores, stadiums, higher education institutions, healthcare facilities, and ski resorts. Their flagship product offers an AI-powered checkout solution that eliminates traditional lines, enabling users to complete transactions in as little as 7 seconds. This technology enhances customer satisfaction by significantly reducing wait times and allowing staff to focus more on service quality rather than transaction processing. The company serves a diverse clientele, including retailers and service providers, enhancing operational efficiencies and driving revenue growth.Mashgin generates revenue primarily through partnerships with various retail and service providers who implement their self-checkout systems. The transaction model is based on the adoption of their AI-powered kiosks, which streamline the payment process across diverse environments. Clients typically enter into agreements involving the installation and maintenance of Mashgin kiosks, alongside ongoing service agreements for software updates and customer support. The company’s offerings aim to provide measurable benefits such as increased sales and enhanced customer satisfaction, resulting in financial gains for the clients.In May 2022, Mashgin, Inc. The company aims to design and launch new products that enhance their existing technology offerings, although specific release dates are not mentioned. There are plans for expanding into international markets, with targeted regions for growth, although specific locations have not been disclosed.
Who invested in Mashgin
4 investors across 3 rounds
See all investors in Mashgin
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Mashgin
Who invested in Mashgin?
Mashgin has 4 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Mashgin raised?
Mashgin has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Mashgin last raise money?
Mashgin's most recent round on record is a Series B, in May 2022.
What does Mashgin do?
Mashgin is a software company.
Where is Mashgin headquartered?
Mashgin is headquartered in Palo Alto, US.
Which VCs invest in companies like Mashgin?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Mashgin's stage. Their profiles are linked below.
VCs backing software startups at Series B
Raising like Mashgin? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.