Cashierless Store Operator Standard Cognition Acquires DeepMagic
SAN FRANCISCO, Oct. 10, 2019-- Standard Cognition has acquired New York based startup DeepMagic.
DeepMagic was founded by Bernd Schoner and Davi Geiger. Schoner will join Standard in a consulting capacity, to help manage the integration of DeepMagic’s technology into Standard’s platform.
Standard Cognition was one of the first startups in the autonomous checkout space, and first to open a cashierless store in San Francisco.
DeepMagic has developed strong computer vision technology that can identify individual items with outstanding accuracy and has deployed commercial systems in the US and Europe. The company also holds key patents dating back to 2016 covering important elements of autonomous checkout technology.
“Both Standard and DeepMagic took a computer-vision only appr...