M&A Deal Summary

Standard Cognition Acquires ThirdEye Labs

On November 10, 2021, Standard Cognition acquired software company ThirdEye Labs

Acquisition Highlights
  • This is Standard Cognition’s 2nd transaction in the Software sector.
  • This is Standard Cognition’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-11-10
Target ThirdEye Labs
Sector Software
Buyer(s) Standard Cognition
Deal Type Add-on Acquisition

Target

ThirdEye Labs

London, United Kingdom
ThirdEye Labs is an operator of computer vision software that understands physical interaction and tracks every inch of retail stores. ThirdEye Labs' innovative machine learning algorithms focus on specific human movements and are similar to those used by autonomous vehicles to identify and predict pedestrian behavior. ThirdEye Labs was founded in 2016 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Standard Cognition

San Francisco, California, United States

Category Company
Founded 2017
Sector Software
DESCRIPTION

Standard Cognition provides the most flexible AI-powered autonomous checkout solutions for brick & mortar retailers. Available to any retailer, the Standard solution lets consumers shop and pay without waiting in line, scanning or stopping to check out. It helps retailers reduce labor costs, improve customer experience, and improve profit margins by up to 100 percent. Standard also helps retailers of all sizes compete with larger chains and online offerings such as Amazon.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-19 Checkout Technologies s.r.l.

Milano, Italy

Checkout Technologies s.r.l. is a developer of an Artificial Intelligence (AI) technology for retail frictionless checkout. Checkout Technologies is based in Milano, Italy.

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