Mashgin, founded in 2014 and based in Palo Alto, California, has raised a total of $75 million across five funding rounds, achieving a $1.5 billion valuation in May 2022. The company’s latest $62.5 million Series B round was led by New Enterprise Associates (NEA), following earlier investments from Matrix Partners, Y Combinator, and Highway1. With a team of about 80 employees, Mashgin develops AI- and computer vision-powered self-checkout systems that enable instant, touchless transactions, transforming checkout experiences across retail stores, stadiums, and corporate cafeterias globally.