Autonomous checkout venture Standard Cognition has acquired AI mapping startup Explorer.ai. Terms of the deal were not disclosed.

“The Explorer team is highly experienced and already works well together – having them in place gives our engineering team a big edge and a running start toward applying their state-of-the-art computer vision and mapping skill sets in autonomous vehicles to retail,” says Jordan Fisher, Co-founder, and CEO, Standard.

“We believe mapping is a critical ingredient to autonomous checkout. The Explorer team has a strong record of tackling these problems together, and we're confident that this will allow us to make rapid progress at Standard.”

Also of interest: Standard Cognition ‘the most exciting play in AI/retail tech’

Akshay Goel, Co-founder of Explorer.ai and now Head of Internal Product at Standard, comments: “Our technology can have a huge impact on Standard’s growth and success, and that’s the main reason we decided to accept their offer over others we received. Our goal from Explorer’s inception was to make a big impact in autonomous technology, and combining our forces with Standard’s allows us to do that. We’re really excited for this new adventure.”

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