Standard Cognition buys Explorer.ai

Standard Cognition buys Explorer.ai

Autonomous checkout venture Standard Cognition has acquired AI mapping startup Explorer.ai. Terms of the deal were not disclosed.

“The Explorer team is highly experienced and already works well together – having them in place gives our engineering team a big edge and a running start toward applying their state-of-the-art computer vision and mapping skill sets in autonomous vehicles to retail,” says Jordan Fisher, Co-founder, and CEO, Standard.

“We believe mapping is a critical ingredient to autonomous checkout. The Explorer team has a strong record of tackling these problems together, and we're confident that this will allow us to make rapid progress at Standard.”

Also of interest: Standard Cognition ‘the most exciting play in AI/retail tech’

Akshay Goel, Co-founder of Explorer.ai and now Head of Internal Product at Standard, comments: “Our technology can have a huge impact on Standard’s growth and success, and that’s the main reason we decided to accept their offer over others we received. Our goal from Explorer’s inception was to make a big impact in autonomous technology, and combining our forces with Standard’s allows us to do that. We’re really excited for this new adventure.”

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