{"id":393054,"date":"2020-12-03T14:46:31","date_gmt":"2020-12-03T19:46:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393054"},"modified":"2020-12-03T14:46:31","modified_gmt":"2020-12-03T19:46:31","slug":"standard-named-to-the-2020-cb-insights-retail-tech-100-list-of-most-innovative-b2b-retail-startups","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/standard-named-to-the-2020-cb-insights-retail-tech-100-list-of-most-innovative-b2b-retail-startups\/","title":{"rendered":"Standard Named to the 2020 CB Insights Retail Tech 100 List\u00a0of Most Innovative B2B Retail Startups"},"content":{"rendered":"

\nStandard recognized for achievements in checkout-free technology
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SAN FRANCISCO, Dec. 03, 2020 (GLOBE NEWSWIRE) — Standard <\/u><\/a>Cognition (\u201cStandard\u201d), which provides the only autonomous checkout solution that can be quickly and easily installed in retailers\u2019 existing stores, announced today that was included in CB Insights<\/u><\/a>\u2019 inaugural Retail Tech 100<\/u><\/a> ranking, which showcases the 100 most promising B2B retail tech companies in the world.<\/p>\n

The 2020 Retail Tech 100 cohort highlights startups reimagining the retail experience across 13 categories, from e-commerce infrastructure to supply chain automation and cashierless checkout. 21 countries represented this year include India, China, Canada, Singapore, and the United Kingdom, among others.<\/p>\n

\u201cThe rate of change in retail is accelerating, and the Retail Tech 100 showcases the tech companies that are changing every facet of retail – from store automation to supply chain robotics to personalized merchandise discovery. Spanning 13 distinct technology markets, they address key challenges retailers face today while also helping them adapt and be ready for changing consumer habits,” said CB Insights CEO Anand Sanwal. “The honorees also underscore the fact that the best technologies driving retail transformation may come from anywhere as they hail from 21 countries ranging from Canada to Singapore to Brazil to Sweden. As we head into 2021, we are excited to see the impact the Retail Tech 100 will have on customers, retailers and markets.”<\/p>\n

Among Standard\u2019s customers are Circle K, Compass Group and the Worcester Red Sox. \u201cWe are thrilled to have achieved this recognition from CB Insights, a bellwether for tech and business trends,\u201d said Jordan Fisher, Cofounder and CEO of Standard. \u201cDemand for safe, checkout-free retail experiences is rising rapidly – nearly every conversation we have with retailers begins with, \u2018We want to provide an amazing and safe experience.\u2019\u00a0Standard has already deployed its first checkout-free stores for retailers and now we\u2019re scaling up our implementation model to be able to roll out thousands more stores in the next few years.\u201d<\/p>\n

Through an evidence-based approach, the CB Insights research team selected the Retail Tech 100 from nearly 15,000 applications and nominees, based on several factors including patent activity, business relations, investor profiles, news sentiment analysis, proprietary Mosaic scores, market potential, competitive landscape, team strength, and tech novelty. The Mosaic Score<\/u><\/a>, based on CB Insights\u2019 algorithm, measures the overall health and growth potential of private companies to help predict a company\u2019s momentum.<\/p>\n

Standard provides the only checkout-free solution that can be quickly and easily installed in existing stores without making any changes to shelving, lighting, layout, inventory management processes, and more. Market Next was retrofitted with Standard\u2019s ceiling-mounted cameras and its proprietary AI and machine-vision software that accurately associates each shopper with the items they pick up to purchase \u2013 without using biometric data.<\/p>\n

\u201cCreating a frictionless shopping experience has been high on retailers\u2019 list of priorities for some time, and COVID-19 has accelerated demand,\u201d said Fisher. \u201cRetrofitting existing stores with Standard\u2019s technology enables retailers to move forward with a checkout-free experience more quickly and in a more cost-efficient fashion.\u201d<\/p>\n

\n Quick facts on the 2020 Retail Tech 100:<\/strong>\n <\/p>\n