# Mashgin: Information technology & services, Palo Alto, United States

> Mashgin: Mashgin is a technology company based in Palo Alto, California, founded in 2014. Based in Palo Alto, United States. Founded 2014.

Source: https://millionrounds.com/startup/mashgin (Millionrounds; every figure on the page links to its filing or article)

United States · [Information technology & services startup](https://millionrounds.com/companies)

# Mashgin

Mashgin is a technology company based in Palo Alto, California, founded in 2014.

Funding reported Last round: Series B

Information technology & services Palo Alto, United States

Company summary

- **Founded:** 2014 12 years old
- **Team:** 120 51 to 200 people
- **Funding reported:** $74M in dollars
- **Last round:** Series B May 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Mashgin has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Mashgin

Mashgin is a technology company based in Palo Alto, California, founded in 2014.

It specializes in developing an AI-powered touchless self-checkout ecosystem that enhances the retail experience by eliminating the need for barcodes or manual scanning. Utilizing advanced 3D computer vision and deep learning, Mashgin's system can instantly identify items based on their shape, size, and color, allowing for a seamless checkout process. The company's flagship product, the Touchless Checkout Kiosk, recognizes both packaged and non-packaged items in less than a second. Customers can place their items on a tray, complete their payment, and leave in as little as five seconds. With deployments in over 3,500 locations globally, including stadiums, airports, and universities, Mashgin has processed over 31 million transactions, significantly reducing checkout times and increasing revenue for its clients. The company has achieved unicorn status with a valuation of $1.5 billion and continues to expand its impact in the retail technology sector.

## What company datasets say Mashgin raised

Funding, as reported

Reported in all **$74M** in dollars

Rounds **5**

Last round **Series B**

Last round size **$63M**

Last round date **May 2022**

Investors listed **17**

Valuation **$1.5B, Mar 2026**

Y Combinator **W15**

## Founders and team

From Mashgin's own website: 9 on the team.

- **Sal Jamal** President | Chestnut Petroleum Distributors
- **Christian Lau** Chief Technology Officer | LA Football Club
- **Barbara Goersch** General Manager for Aramark | John Deere
- **Bill Bolton** Director of Retail Operations | Morrison Healthcare
- **Chris Reynolds** District Manager at UT Austin | Sodexo
- **Christian Andersen** Senior Manager Food and Beverage | Palisades Tahoe
- **Jay Smith** Director of Operations | Chartwells
- **Mario Martinez** Resident District Manager | Spartan Eats
- **Mark Micallef** Director of Food & Beverage

## On 4 portfolio pages

Investors who name them

- [Matrix Partners](https://millionrounds.com/fund/matrix-partners)
- [Free State Forge](https://millionrounds.com/fund/free-state-forge)
- [Catapult](https://millionrounds.com/fund/catapult-vc)
- [Humba Ventures](https://millionrounds.com/fund/humba-ventures)

Each firm lists Mashgin on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

health care inventory management 3d technology 3d cameras enterprises education information technology & services contactless checkout business dining computer vision enterprise software custom item learning information technology hospital & health care grab & go retail operational efficiency

Built with from their website

ServiceNow Linkedin Sign-in Wistia Osano Google Tag Manager Amazon CloudFront Google Sheets Postmark Lever C/C++

+8 more

YouTube Google Workspace CloudFlare Viewport Meta Hubspot C3.js Facebook SDK X (Twitter)

- **Sector:** Information technology & services
- **Industry code:** NAICS 33911, 51321, SIC 7375, 7372
- **Region:** California
- **Revenue:** $9.8M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/mashgin)

## Information technology & services in United States

Startups like it

- [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks)
- [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo)
- [**Crusoe** Denver · founded 2018 *Raised*](https://millionrounds.com/company/crusoe)
- [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor)
- [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab)
- [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition)
- [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket)
- [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey)

## Is this your company?

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