Standard AI, a company offering computer vision for retail, has purchased UK-based computer vision company, ThirdEye Labs. Going forward, Standard AI will expand the Standard AI platform to drive the future of autonomous retail.
ThirdEye Labs operates with the goal of using computer vision to assist retailers fight lines, retail loss and improve operations. The firm’s machine uses learning algorithms to focus on human movements to identify and predict pedestrian behavior.
“Computer vision has rapidly become one of the most valuable ways for brick-and-mortar retailers to keep up with the data-driven flexibility of eCommerce,” said Jordan Fisher, CEO of Standard AI. “The ThirdEye product and engineering team have been engaged in cutting-edge work, and they will be invaluable to our team as we expand the capabilities of our platform deeper into retail.”