Mashgin Valuation, Funding & Investors

Mashgin is valued at $1.5B as of May 2022.

Last Mashgin valuation

$1.5B

Series B · May 2022

Last Mashgin funding round

$63M

Series B · May 2022

Cumulative funding Mashgin raised

$74M

across 4 funding rounds

Key investors in Mashgin

  • Y Combinator
  • Matrix Partners
  • TenOneTen Ventures
  • New Enterprise Associates
  • Susa Ventures
  • UpHonest Capital

Mashgin Overview

About Mashgin

Mashgin is a provider of AI-powered self-checkout kiosks using computer vision for frictionless payments. Palo Alto-headquartered and founded in 2014, it deploys systems in over 1,000 U.S. locations including stadiums like Levi's Stadium, airports such as San Francisco International, and chains like Sheetz convenience stores. The technology identifies unpackaged items like fruits and bakery goods without barcodes or scales, processing transactions in seconds.


Founded

2014

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$1.5B (May 2022)

Mashgin Valuation

Mashgin is currently valued at $1.5B, based on its Series B in May 2022.

The $63M round was led by New Enterprise Associates, with participation from Matrix Partners.

Mashgin valuation by funding round

Mashgin valuation by funding round
DateStageValuation
May 2022Series B$1.5B

Mashgin Funding History

Mashgin has raised a total of $74M across 4 funding rounds.

Mashgin's first fundraising round was a $100K pre-seed round in January 2015. The most recent completed round was a $63M Series B in May 2022.

Mashgin funding rounds

Mashgin funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2022Series BNew Enterprise Associates (lead); Matrix Partners$63M$1.5BMashgin is an AI and computer vision-powered touchless self-checkout system founded in 2013 and headquartered in Palo Alto, California. The company's technology identifies products from any angle without requiring barcodes or RFIDs, enabling checkout in ten seconds or less and reportedly operating four times faster than traditional cashiers and point-of-sale systems. In May 2022, Mashgin raised $62.5 million in Series B funding led by global venture capital firm New Enterprise Associates (NEA), with existing investor Matrix Partners also participating. This funding round valued the company at $1.5 billion post-money, achieving unicorn status. The capital was designated for growing the company's team, accelerating expansion, and scaling operations internationally. At the time of the funding announcement, Mashgin had deployed its systems in over 800 locations across convenience stores, sports stadiums, airports, universities, and corporate and hospital cafeterias. The company's recent recognition included winning gold in the 2022 Edison Awards and being named to Fast Company's World's Most Innovative Companies list.
Nov 2017Series AMatrix Partners (lead); TenOneTen Ventures$8M-Mashgin raised $8.2 million in a Series A round from investors Matrix and TenOneTen Ventures. This followed a $2.8 million Seed round in April 2015 with investors including Y Combinator, KPCB Edge, and TenOneTen Ventures, and preceded a $62.5 million Series B in May 2022 led by NEA at a $1.5 billion post-money valuation. Total funding across rounds reached approximately $73.7 million.
Apr 2015SeedEclipse Ventures; Susa Ventures; Y Combinator; Four Cities Capital; Root Ventures; TenOneTen Ventures; Evan Beard; Avichal Garg; KPCB Edge; UpHonest Capital; Brad Flora$3M-Mashgin raised $2.8 million in its Seed Round in April 2015, following a $120,000 pre-seed round from Y Combinator in January 2015. The company was founded in 2013 and is based in Palo Alto, California. Mashgin developed an AI and computer vision-powered touchless self-checkout system designed to enable frictionless retail transactions without requiring barcodes or RFIDs. At the time of this seed funding, the company was in early product development and initial market validation phases. The company would later achieve unicorn status with a $1.5 billion valuation in its Series B round in May 2022, demonstrating significant growth trajectory from these early financing stages.
Jan 2015Pre-seedY Combinator (lead)$100K--

Who has invested in Mashgin?

13 investors have backed Mashgin across its funding rounds, including Y Combinator, Matrix Partners, TenOneTen Ventures, New Enterprise Associates, Susa Ventures and UpHonest Capital.

Lead investors include New Enterprise Associates, Matrix Partners and Y Combinator.


Mashgin Investors

Investors in Mashgin by funding rounds participated
InvestorHQRoundsRoleFirst check
Y CombinatorUnited StatesSan Francisco, CA2LeadJan 2015
Matrix PartnersUnited StatesBoston, MA2LeadNov 2017
TenOneTen VenturesUnited StatesLos Angeles, CA2ParticipantApr 2015
Eclipse VenturesUnited StatesSan Francisco, CA1ParticipantApr 2015
Susa VenturesUnited StatesSan Francisco, CA1ParticipantApr 2015
New Enterprise AssociatesUnited StatesSan Francisco, CA1LeadMay 2022
Four Cities CapitalUnited StatesBoston, MA1ParticipantApr 2015
Root VenturesUnited StatesUnited States1ParticipantApr 2015
Evan BeardUnited StatesNew York City, NY1ParticipantApr 2015
Avichal GargUnited StatesSan Francisco, CA1ParticipantApr 2015
KPCB EdgeUnited StatesSan Francisco, CA1ParticipantApr 2015

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Mashgin Competitors

Mashgin competitors include listed companies like Zen Technologies and Arcs Co, and private ones like RADAR, HAI ROBOTICS, Picnic and PuduTech.

Public and private companies comparable to Mashgin
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RADARUnited StatesNew York City, NYPrivate--$1B-
HAI ROBOTICSChinaShenzhenPrivate--$1.5B-
PicnicUnited StatesSeattle, WAPrivate--$1.5B-
PuduTechChinaShenzhenPrivate--$1.5B-
Zen TechnologiesIndiaIndiaPublicly listed$72M$27M$1.6B15.5x
Arcs CoJapanJapanPublicly listed$4B$185M$1.3B0.2x

Mashgin Public Comps

Mashgin is still privately-owned, but its public comps include Zen Technologies, Googol Technology, ROKAE Robotics, Allient, Arcs Co, Ennoconn, Harbin Boshi Automation, Kraken Robotics, Braiin and ATS.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Zen Technologies$72M$27M21.0x15.5x56.2x42.4x
Googol Technology$82M$14M18.9x18.9x111.1x91.4x
ROKAE Robotics$78M($7M)20.7x-(221.3x)-
Allient$554M$67M3.3x3.1x27.4x22.4x
Arcs Co$4B$185M0.2x0.2x4.8x4.9x
Ennoconn$4.5B$475M0.7x0.6x6.9x6.5x
Harbin Boshi Automation$422M$106M3.5x3.5x14.0x11.4x
Kraken Robotics$73M$10M16.1x6.7x119.9x28.6x

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Common questions about Mashgin

When was Mashgin founded?Mashgin was founded in 2014.
Where is Mashgin headquartered?Mashgin is headquartered in San Francisco, CA, United States.
Is Mashgin publicly listed?No, Mashgin is a private, VC-backed company.
What is Mashgin's valuation?Mashgin was last valued at $1.5B in its Series B in May 2022.
How much funding has Mashgin raised?Mashgin has raised $74M across 4 funding rounds.
What was Mashgin's last funding round?Mashgin's last funding round was a $63M Series B in May 2022, led by New Enterprise Associates.
Who are Mashgin's investors?Mashgin's investors include Y Combinator, Matrix Partners, TenOneTen Ventures, Eclipse Ventures, Susa Ventures, New Enterprise Associates, Four Cities Capital, Root Ventures, Evan Beard, Avichal Garg and 3 others.
Which companies are comparable to Mashgin?Companies comparable to Mashgin include RADAR, HAI ROBOTICS, Picnic, PuduTech, Zen Technologies and Arcs Co.

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