Tech Company Financing Transactions
Radar Funding Round
On 12/16/2024, Radar announced $50 million in Series B funding from Align Ventures, Founders Fund and Sound Ventures.
Transaction Overview
Company Name
Announced On
12/16/2024
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Series B
Proceeds Purpose
Proceeds will be invested in fulfilling contracts and deploying its technology, which will be installed in 541 American Eagle stores.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
455 Broadway 3rd Floor
New York, NY 10013
USA
New York, NY 10013
USA
Phone
Undisclosed
Website
Email Address
Overview
RADAR is a fully-integrated hardware and software solution that is powered by RFID and enhanced by computer vision. Our improved location accuracy means that you can find inventory more easily than ever before. Our heightened speed ensures immediate and accurate performance, even in the busiest of retail environments. RADAR's speed and accuracy is a game-changer for the retail industry, because it introduces item-level analytics and even autonomous checkout.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Spencer Hewett
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