Standard Cognition Secures $5 Million

Artificial intelligence startup Standard Cognition announced the close of $5 million in seed financing led by CRV, with participation from Initialized Capital and Y Combinator.

Standard Cognition seeks to eliminate the hassle of retail checkout by offering an artificial intelligence-based system available to any retailer that lets consumers shop and pay without waiting in line and scanning or stopping to check out. The company’s technology is currently in beta.

According to the funding announcement, proceeds from the funding will be used to accelerate the company’s go-to-market initiatives.