About Mashgin
Mashgin is a company based in Palo Alto (United States) founded in 2013 by Abhinai Srivastava and Mukul Dhankhar.. Mashgin has raised $62.62 million across 2 funding rounds from investors including NEA, Matrix and Y Combinator. Mashgin offers products and services including Mashgin Kiosk. Mashgin operates in a competitive market with competitors including Grabango, AiFi, Focal systems, Accel Robotics and Malong Technologies, among others.
- Headquarter Palo Alto, United States
- Founders Abhinai Srivastava, Mukul Dhankhar
- Stage Unicorn
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Sectors
RetailTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Mashgin Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$62.62 M (USD)
in 2 rounds
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Latest Funding Round
$62.5 M (USD), Series B
May 09, 2022
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Investors
NEA
& 2 more
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Employee Count
Employee Count
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Products & Services of Mashgin
Mashgin offers a comprehensive portfolio of products and services, including Mashgin Kiosk. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI platform for automatic item recognition and faster retail checkout
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Funding Insights of Mashgin
Mashgin has successfully raised a total of $62.62M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $62.5 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $62.5M
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First Round
First Round
(24 Mar 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series B - Mashgin | Valuation | New Enterprise Associates , Matrix |
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| Mar, 2015 | Amount | Seed - Mashgin | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mashgin
Mashgin has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include NEA, Matrix and Y Combinator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Early-stage ventures are funded by the investment firm.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mashgin
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mashgin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mashgin Comparisons
Competitors of Mashgin
Mashgin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Grabango, AiFi, Focal systems, Accel Robotics and Malong Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based automated checkout solutions are provided for offline retailers.
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| domain | founded_year | HQ Location |
AI-based autonomous store solutions are provided for retailers and brands.
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| domain | founded_year | HQ Location |
AI-based suite solution for offline businesses
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| domain | founded_year | HQ Location |
AI-based automated checkout solutions are developed for offline retailers.
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| domain | founded_year | HQ Location |
AI-based body temperature detection systems for retail are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mashgin
Frequently Asked Questions about Mashgin
When was Mashgin founded?
Mashgin was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Mashgin located?
Mashgin is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of Mashgin?
Abhinai Srivastava is the current CEO of Mashgin. They have also founded this company.
Is Mashgin a funded company?
Mashgin is a funded company, having raised a total of $62.62M across 2 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Mar 24, 2015.
What does Mashgin do?
Mashgin was founded in 2013 and is headquartered in Palo Alto, United States. Computer-vision technology is utilized to deliver self-checkout systems for offline retail environments. Kiosks are trained on individual store items prior to deployment, enabling automatic recognition of purchases and billing. Operations focus on streamlining checkout processes in retail and cafeteria settings through visual item sorting and transaction handling.
Who are the top competitors of Mashgin?
Mashgin's top competitors include Grabango, Focal systems and AiFi.
What products or services does Mashgin offer?
Mashgin offers Mashgin Kiosk.
Who are Mashgin's investors?
Mashgin has 3 investors. Key investors include NEA, Matrix, and Y Combinator.
What is Mashgin's valuation?
The valuation of Mashgin is $1.5B as of May 2022.