Join Gen AI enterprise leaders in Boston on March 27 for an exclusive night of networking, insights, and conversations surrounding data integrity. Request an invite here.
Standard AI, a San Francisco-based artificial intelligence company, announced today that it is pivoting from its original focus on autonomous checkout systems to providing computer vision analytics solutions for retailers.
VentureBeat has also learned that the company is now valued at $1.5 billion, a significant milestone as it shifts its business strategy. In conjunction with this strategic shift, Standard AI has promoted COO Angie Westbrock to CEO and SVP of Technology Strategy David Woollard to CTO.
The company says its new suite of products will help retailers gain valuable insights into shopper behavior, optimize merchandising strategies, reduce out-of-stock items, and prevent loss — all without using facial recognition or collecting personally identifiable information.
“What we found is that by addressing specific challenges like analyzing shopper interactions and monitoring stock levels, retailers and brands could reach ROI and get immediate returns on their investment,” said Standard AI CEO Angie Westbrook in an exclusive interview with VentureBeat. “This targeted approach allowed us to deliver a much more tangible solution.”
VB Event
The AI Impact Tour – Atlanta
Continuing our tour, we’re headed to Atlanta for the AI Impact Tour stop on April 10th. This exclusive, invite-only event, in partnership with Microsoft, will feature discussions on how generative AI is transforming the security workforce. Space is limited, so request an invite today.
Request an invite
[embedded content]
Adapting to the realities of the retail market
Founded in 2017, Standard AI initially set out to make fully autonomous checkout a widespread reality. However, the technology has not yet reached mass adoption, due in part to high costs and slower than anticipated consu …
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Join Gen AI enterprise leaders in Boston on March 27 for an exclusive night of networking, insights, and conversations surrounding data integrity. Request an invite here.
Standard AI, a San Francisco-based artificial intelligence company, announced today that it is pivoting from its original focus on autonomous checkout systems to providing computer vision analytics solutions for retailers.
VentureBeat has also learned that the company is now valued at $1.5 billion, a significant milestone as it shifts its business strategy. In conjunction with this strategic shift, Standard AI has promoted COO Angie Westbrock to CEO and SVP of Technology Strategy David Woollard to CTO.
The company says its new suite of products will help retailers gain valuable insights into shopper behavior, optimize merchandising strategies, reduce out-of-stock items, and prevent loss — all without using facial recognition or collecting personally identifiable information.
“What we found is that by addressing specific challenges like analyzing shopper interactions and monitoring stock levels, retailers and brands could reach ROI and get immediate returns on their investment,” said Standard AI CEO Angie Westbrook in an exclusive interview with VentureBeat. “This targeted approach allowed us to deliver a much more tangible solution.”
VB Event
The AI Impact Tour – Atlanta
Continuing our tour, we’re headed to Atlanta for the AI Impact Tour stop on April 10th. This exclusive, invite-only event, in partnership with Microsoft, will feature discussions on how generative AI is transforming the security workforce. Space is limited, so request an invite today.
Request an invite
[embedded content]
Adapting to the realities of the retail market
Founded in 2017, Standard AI initially set out to make fully autonomous checkout a widespread reality. However, the technology has not yet reached mass adoption, due in part to high costs and slower than anticipated consu …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]