# Abhinai Srivastava

> Abhinai Srivastava is the co-founder and CEO of Mashgin, the world's fastest AI-powered touchless self-checkout system. A data scientist by training with roots at Yahoo, Microsoft, and Facebook, he co-founded Mashgin in Palo Alto with IIT Delhi classmate Mukul Dhankar. The company has processed over 1.5 billion transactions across 8,000+ locations - from Circle K convenience stores to Madison Square Garden - and reached a $1.5 billion valuation after a $62.5M Series B led by NEA in May 2022.

- **Role:** Founder & CEO at Mashgin
- **Organizations:** Mashgin, Y Combinator, Forbes Technology Council
- **Nationality:** Indian-American
- **Education:** Bachelor of Technology in Computer Science, Indian Institute of Technology, Delhi, Secondary Education, St. Anthony's School
- **Known for:** Co-founded Mashgin, the world's fastest AI-powered touchless self-checkout system, Scaled Mashgin to a $1.5 billion unicorn valuation (May 2022), Raised $62.5M Series B led by New Enterprise Associates (NEA)

## Career timeline

- **1997** — Graduated with BTech in Computer Science from IIT Delhi
- **2001** — Joined Yahoo! as a data scientist (before the term was widely used)
- **2003** — Left Yahoo! after two years
- **2005** — Joined Microsoft as founding member of adLab team
- **2005-2011** — At Microsoft: created relevance algorithm for all Microsoft Advertising; built the first version of the Bing Knowledge Graph
- **2011** — Joined Facebook as Data Scientist
- **2011-2013** — At Facebook: built page recommendation algorithm that reduced spam pages by 60%
- **2012** — Co-founded Mashgin in October with IIT Delhi classmate Mukul Dhankar
- **2015** — Mashgin accepted into Y Combinator Winter 2015 batch
- **2022** — Raised $62.5M Series B led by NEA at $1.5 billion valuation - Mashgin becomes a unicorn
- **2022** — Named #3 Most Innovative Company in Retail by Fast Company
- **2022** — Signed landmark deal with Circle K parent Alimentation Couche-Tard to deploy in 7,000+ stores
- **2022** — Forbes Technology Council member
- **2024** — Mashgin processes 400 million transactions in the year alone
- **2025** — Mashgin surpasses 1 billion cumulative transactions across 8,000+ locations

## Achievements

- Co-founded Mashgin, the world's fastest AI-powered touchless self-checkout system
- Scaled Mashgin to a $1.5 billion unicorn valuation (May 2022)
- Raised $62.5M Series B led by New Enterprise Associates (NEA)
- Total funding raised: ~$74.7 million
- Mashgin deployed across 8,000+ locations globally
- Processed 1.5+ billion transactions, including 400 million in 2024 alone
- Signed largest computer vision checkout deployment in history with Circle K (7,000+ stores)
- Named #3 Most Innovative Company in Retail by Fast Company 2022
- Mashgin listed on Forbes AI50
- Won Gold Edison Award for AI-Powered Touchless Self-Checkout System
- At Microsoft: created the relevance algorithm for all of Microsoft Advertising
- At Microsoft: built the first version of the Bing Knowledge Graph
- At Facebook: built page recommendation algorithm reducing spam pages by 60%
- Achieved 99.99% item identification accuracy with Mashgin's computer vision system
- Grew Mashgin monthly transactions by 1,233% over three years (2022-2025)

## Latest updates

- **2025-03** — Mashgin monthly transactions reached 40 million, up from 3 million in March 2022 - a 1,233% increase
- **2025-01** — Mashgin surpassed 1 billion cumulative transactions across its global network of 8,000+ locations
- **2024-12** — Mashgin processed 400 million transactions during the full year 2024
- **2024-04** — Mashgin blog featured Abhinai in context of scaling to 5,000+ kiosks with a remarkably small engineering team
- **2023-09** — Circle K North America rollout reached nearly 2,700 Smart Checkout units in approximately 2,200 stores

## Links

- Website: https://mashgin.com
- LinkedIn: https://www.linkedin.com/in/abhinai/
- Twitter/X: https://twitter.com/abhinai
- Facebook: https://facebook.com/mashgin/

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Profile page: https://yespress.io/abhinai-srivastava
Published by YesPress — https://yespress.io
Last updated: 2026-05-27