Amount Raised
$62.5 Million
Round Type
Series B
Palo AltoCommerce and ShoppingSoftwareAppsDescription
Mashgin, the world's fastest touchless self-checkout system powered by AI and computer vision, today announced it has raised $62.5 million in Series B funding at a $1.5 billion post-Series B valuation, elevating the company to unicorn status. The Series B funding was led by global venture capital firm, NEA, whose prior investments include Robinhood, Cloudflare, Patreon, Uniphore and others, and brings Mashgin's total funding to date to $74.7 million. Existing Mashgin investor, Matrix Partners also participated in the Series B round. Mashgin will use the new funding to grow its team, accelerate expansion and scale internationally.
Quick answer
Mashgin raised $62.5 Million in a Series B round, dated May 9, 2022. Mashgin is based in Palo Alto, California, United States.
- How much did Mashgin raise?
- Mashgin raised $62.5 Million in a Series B round on May 9, 2022.
- What does Mashgin do?
- Mashgin is the world's fastest self-checkout system powered by AI and computer vision.
- Where is Mashgin based and how big is it?
- Mashgin is based in Palo Alto, California, United States.
Source: Fundz verified event record.
Who else raised in Commerce and Shopping and Apps around the same time
Companies in the same sectors as Mashgin that raised within 45 days of this round, from Fundz verified event records.
- Crusoe raised $505M (Funding Round) on April 21, 2022.
- Dpvr raised an undisclosed amount (Funding Round) on June 17, 2022.
- Kaddra raised $5M (Series A) on June 15, 2022.
- Maze raised $40M (Funding Round) on June 9, 2022.
- Purplle raised $33M (Funding Round) on June 9, 2022.
- Luminai raised $16M on June 9, 2022.
Who to call at Mashgin, and when
A new round usually means Mashgin is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Mashgin raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Mashgin, from your own LinkedIn network
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Fundz sees it the moment Mashgin raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Funding Insights
What this usually meansMashgin raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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