- Companies
- Mashgin
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| May 2022 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2022 | Series B | New Enterprise Associates (lead); Matrix Partners | $63M | $1.5B | Mashgin 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 2017 | Series A | Matrix 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 2015 | Seed | Eclipse 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 2015 | Pre-seed | Y 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2015 | ||
| 2 | Lead | Nov 2017 | ||
| 2 | Participant | Apr 2015 | ||
| 1 | Participant | Apr 2015 | ||
| 1 | Participant | Apr 2015 | ||
| 1 | Lead | May 2022 | ||
| 1 | Participant | Apr 2015 | ||
| 1 | Participant | Apr 2015 | ||
| 1 | Participant | Apr 2015 | ||
| 1 | Participant | Apr 2015 | ||
| 1 | Participant | Apr 2015 | ||
This data is available for Pro users. Sign up to see all 13 Mashgin investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialMashgin Competitors
Mashgin competitors include listed companies like Zen Technologies and Arcs Co, and private ones like RADAR, HAI ROBOTICS, Picnic and PuduTech.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $1.5B | - | ||
| Publicly listed | $72M | $27M | $1.6B | 15.5x | ||
| Publicly listed | $4B | $185M | $1.3B | 0.2x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $72M | $27M | 21.0x | 15.5x | 56.2x | 42.4x | |||
| $82M | $14M | 18.9x | 18.9x | 111.1x | 91.4x | |||
| $78M | ($7M) | 20.7x | - | (221.3x) | - | |||
| $554M | $67M | 3.3x | 3.1x | 27.4x | 22.4x | |||
| $4B | $185M | 0.2x | 0.2x | 4.8x | 4.9x | |||
| $4.5B | $475M | 0.7x | 0.6x | 6.9x | 6.5x | |||
| $422M | $106M | 3.5x | 3.5x | 14.0x | 11.4x | |||
| $73M | $10M | 16.1x | 6.7x | 119.9x | 28.6x | |||
This data is available for Pro users. Sign up to see all Mashgin competitors and their valuation data. Start Free Trial | ||||||||
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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