About Skip
Skip is a company based in South Jordan (United States) founded in 2016 by Chase Thomason and Peter Nichols was acquired by Standard in February 2023. It operates as a SaaS (Software-as-a-Service), and Managed Services. Skip offers products and services including Skip Self-Checkout Kiosk and Mobile Checkout. Skip operates in a competitive market with competitors including Grabango, Mashgin, AiFi, ITAB and Malong Technologies, among others.
- Headquarter South Jordan, United States
- Founders Chase Thomason, Peter Nichols
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Skip Checkout
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$600 K (USD), Debt – Conventional
Dec 16, 2019
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Investors
Standard AI
& 1 more
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Employee Count
Employee Count
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Acquired by
Standard
(Feb 02, 2023)
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Products & Services of Skip
Skip offers a comprehensive portfolio of products and services, including Skip Self-Checkout Kiosk and Mobile Checkout. 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.
Self-checkout kiosks are provided for modern retail solutions.
Mobile checkout solutions are offered for retailer convenience.
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Funding Insights of Skip
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $600,000
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Debt – Conventional - Skip | Valuation |
investors |
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| Jan, 2018 | Amount | Seed - Skip | 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 Skip
Skip has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Standard AI and Frazier Group. 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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Founded Year | Domain | Location | |
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AI-enabled automated checkout solutions are offered for offline retailers.
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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 Skip
| 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 - Skip
| 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 |
Skip Comparisons
Competitors of Skip
Skip 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, Mashgin, AiFi, ITAB 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 |
Computer-vision self-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 |
Self-checkout solutions are provided for retail businesses worldwide.
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| domain | founded_year | HQ Location |
AI-based body temperature detection systems for retail are provided.
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| domain | founded_year | HQ Location |
Cloud-based online store creation and self-checkout solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Skip
Frequently Asked Questions about Skip
When was Skip founded?
Skip was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Skip located?
Skip is headquartered in South Jordan, United States. It is registered at South Jordan, Utah, United States.
Who is the current CEO of Skip?
Chase Thomason is the current CEO of Skip. They have also founded this company.
What does Skip do?
Skip is known for delivering innovative self-checkout kiosk solutions to the retail sector. Modular and cloud-based systems are offered, ensuring constant updates and easy installation for retailers. The focus is placed on enhancing customer shopping experiences through frictionless technology. Retail technology solutions are developed to be affordable and space-efficient, catering to modern retail needs.
What products or services does Skip offer?
Skip offers Skip Self-Checkout Kiosk and Mobile Checkout.
Who are Skip's investors?
Skip has 2 investors. Key investors include Standard AI, and Frazier Group.