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Mashgin, a Palo Alto, California based manufacturer of a touchless self-checkout system powered by AI and computer vision, has raised $62.5 million in Series B funding at a $1.5 billion post-Series B valuation, according to a press release.
The Series B funding was led by venture capital firm NEA, which has invested in Robinhood, Cloudflare, Patreon, Uniphore and others.
The investment brings Mashgin’s total funding to date to $74.7 million.
Existing Mashgin investor Matrix Partners also participated in the Series B round.