# Mukul Dhankhar

> Mukul Dhankhar is the co-founder and CTO of Mashgin, the AI-powered self-checkout company that uses 3D computer vision to ring up items in under 10 seconds - no barcodes needed. Founded in 2014 out of Y Combinator, Mashgin reached unicorn status in May 2022 with a $62.5M Series B at a $1.5 billion valuation led by NEA. Dhankhar built the core computer vision technology drawing on his background at Toyota's humanoid robotics lab and Bell Labs. As of April 2025, Mashgin has processed over 1 billion transactions across 3,000+ convenience stores, 150 sports venues, 50 airports, 50 college campuses, and 100 hospitals.

- **Role:** Co-Founder & CTO at Mashgin
- **Organizations:** Mashgin, Y Combinator, Toyota Humanoid Robotics Lab, Bell Labs
- **Nationality:** Indian-American
- **Education:** Integrated Master of Technology in Mathematics and Computer Applications, Indian Institute of Technology (IIT) Delhi
- **Known for:** Co-built AI checkout system with 99.99% item identification accuracy, Led Mashgin to unicorn status ($1.5B valuation) in May 2022, System deployed at 67% of MLB stadiums

## Career timeline

- **2005** — Software Engineer at AlterFace
- **2012** — Computer vision engineer at Toyota Humanoid Robotics Lab - built environment-sensing vision for humanoid robots
- **2012-2014** — Engineer at Bell Labs - wrote vision algorithms for immersive video conferencing
- **2013-2014** — Co-founded Mashgin with Abhinai Srivastava
- **2015** — Mashgin accepted into Y Combinator Winter 2015 batch; raised $120K pre-seed
- **2015** — Raised $2.8M seed round
- **2017** — Raised $8.2M Series A led by Matrix Partners
- **2022** — Raised $62.5M Series B at $1.5B valuation led by NEA - unicorn status
- **2022** — Named #3 in Fast Company's World's Most Innovative Companies (Retail)
- **2022** — Won Gold Edison Award for AI-Powered Platforms
- **2024** — Mashgin processed 440 million transactions in the calendar year
- **2025** — Mashgin surpassed 1 billion total transactions since founding

## Achievements

- Co-built AI checkout system with 99.99% item identification accuracy
- Led Mashgin to unicorn status ($1.5B valuation) in May 2022
- System deployed at 67% of MLB stadiums
- Mashgin processed 1 billion+ transactions as of April 2025
- Edison Awards Gold Winner 2022
- Fast Company World's Most Innovative Companies 2022 (#3 in Retail)
- Monthly transactions grew 1,233% from 3M (March 2022) to 40M (March 2025)
- Company reached 'extremely profitable' status without needing Series C

## Latest updates

- **2025-04** — Mashgin surpassed 1 billion total transactions since founding, with 40 million monthly transactions as of March 2025
- **2024-12** — Mashgin processed 440 million transactions in 2024, a record annual figure
- **2022-05** — Mashgin raised $62.5M Series B at $1.5B valuation, led by NEA - achieving unicorn status

## Links

- Website: https://mashgin.com
- LinkedIn: http://www.linkedin.com/in/mdhankhar
- Twitter/X: https://twitter.com/mukuldh
- Instagram: https://www.instagram.com/mukul_dhankhar

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Profile page: https://yespress.io/mukul-dhankhar
Published by YesPress — https://yespress.io
Last updated: 2026-05-25