World-leading automation solutions providing company Standard AI to drive the future of autonomous checkout systems at retail stores in various regions. Recently, the company successfully completed its acquisition of United Kingdom-based computer vision firm ThirdEye Labs.
However, no information was provided by company officials regarding the valuation of this acquisition deal. With this new acquisition, Standard AI will use the expertise of ThirdEye Labs in computer vision to further improve its autonomous retail checkout system.
Additionally, former team member of Tesla and Lyft, Sameer Qureshi, will join Standard AI as its first Vice-president of Machine Learning. Qureshi will help the artificial intelligence and machine learning teams work closely with its engineering team to fine-tune its automation solution.
“Some of the most transformative work in machine learning and computer vision is happening in retail. I was drawn to Standard AI for its mission to use computer vision to transform the way we shop and better the way we live,” said Qureshi.
He also mentioned that it is exhilarating for him to work with the best talents in the world in order to enhance the capabilities of Standard AI’s platform. A few months ago, Standard AI launched its new artificial intelligence-enabled autonomous checkout experience at existing stores in the Arizona Circle K location.
Standard AI’s high-end automation system helps retailers to offer a better customer experience and improve in-store efficiency and economics. CEO of Standard AI, Jordan Fisher, said, “ThirdEye product and engineering team have been engaged in cutting-edge work, and they will be invaluable to our team as we expand the capabilities of our platform deeper into retail.”
He further added that computer vision technology has now become critical for retailers to keep up with the data-driven flexibility of the eCommerce industry globally. In addition, Standard AI is extensively hiring professionals on a global scale. Interested candidates can apply from the official website of Standard AI.