The success and fast expansion of Amazon Go has led other retailers and venues to seek startup help ... [ ] for their own cashierless checkout-free stores. On Amazon's jobs site, a keyword search query for Amazon Go yielded 3,500 results, seeking to fill positions manning the cashierless stores and looking for a head of marketing for the concept and a wide variety of engineers and program managers. Meanwhile, six months after the first Amazon Go opened in New York in May, six stores are in operation in the city, including four located less than a mile from one another in Midtown Manhattan. Two more are scheduled to open soon in the city. Those job postings and the fact that Amazon Go is cropping up in busy commercial sections of New York are just the latest signal of the Seattle giant's ambition to further expand its Just Walk Out Shopping concept, which features in-house-built computer vision, sensor fusion and deep machine learning technologies similar to those used in self-driving cars.
A major retailer not just piloting but investing in a checkout-free company speaks to the level of interest grocers have in the emerging technology. Although Tesco operates overseas, it faces similar competitive pressures -- e-commerce and discounters, to name two -- that U.S. grocers face. Indeed, mainstream retailers that have struggled to enhance their shopping experience in recent years would arguably get the most value from futuristic checkout. Ahold Delhaize, which does two-thirds of its sales through conventional retailers on the East Coast, recently opened an automated mini-store in the Netherlands under its Albert Heijn banner. In the U.S. Giant Eagle is testing a checkout-free store -- reportedly a GetGo convenience store near its Pittsburgh headquarters -- in partnership with Grabango.
A checkout-free future might be closer than you think, thanks to startups like Standard Cognition. The San Francisco-based company, whose patented platform uses cameras and algorithms to keep tabs on customers as they peruse store shelves, nabbed $40 million in series A funding last November and a partnership with Paltac in Japan that will see its autonomous checkout solution deployed in 3,000 stores. On the heels of this success, it's secured $35 million in a series B round led by the EQT Ventures fund, with participation from existing investors Initialized Capital, CRV, and Y Combinator. The newfound capital brings Standard Cognition's total raised to date to more than $86 million at a post-money valuation of $535 million. That's more than double the company's valuation as of November 2018, notes CEO Jordan Fisher, and it'll enable Standard Cognition to "continue to focus on making its early customers in the U.S. and Japan successful" while expanding both its team and geographic footprint.
Amazon has opened its first cashierless go Store outside of its Seattle hometown. The firm today unveiled a new store at 113 S Franklin St in Chicago as it begins to test the radical new concept in more cities. However, the new store is Amazon's most limited, open only on weekdays from 7am and to 8PM, and offering'Breakfast, Lunch, Dinner and Snacks. The plans for the New York store were revealed through a series of job postings spotted by The Information. Earlier this months plans for the firm's first store in New York were revealed.
Amazon is to open a branch of its radical'Amazon Go' cashierless store in New York The store was revealed through a series of job postings spotted by The Information. The firm recently opened a second location in Seattle, and has previously said it hopes to open stores in Chicago and San Francisco. The plans for the New York store were revealed through a series of job postings spotted by The Information. 'On Thursday night, the internet retailer posted at least four job listings related to an Amazon Go store in the New York area,' The Information said. 'The listings seek candidates for a store manager, an assistant store manager, a learning and development manager, and a training lead associate.'