About Radar
Radar is a company based in New York (United States) founded in 2016 by Nick Patrick and Coby Berman. It operates as a API-as-a-Product, and SaaS (Software-as-a-Service). Radar has raised $85 million across 4 funding rounds from investors including Accel, Heavybit and Insight Partners. Radar offers products and services including Geofencing Platform, Maps Platform, Geo-Compliance Solution, and Anti-Fraud Solution. Radar operates in a competitive market with competitors including Bluedot, Plot Projects, PredCo, SkyShepherd and Kestrel Insights, among others.
- Headquarter New York, United States
- Founders Nick Patrick, Coby Berman
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Radar Labs, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$85 M (USD)
in 4 rounds
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Latest Funding Round
$55 M (USD), Series C
Feb 08, 2022
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Investors
Accel
& 17 more
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Employee Count
Employee Count
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Products & Services of Radar
Radar offers a comprehensive portfolio of products and services, including Geofencing Platform, Maps Platform, Geo-Compliance Solution, and Anti-Fraud Solution. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Geofencing solutions are provided for location-based experiences.
Cost-effective mapping solutions are offered for various industries.
Geolocation compliance tools are developed for gaming industries.
Fraud detection tools are built using hyper-accurate geolocation.
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Funding Insights of Radar
Radar has successfully raised a total of $85M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $55 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $55.0M
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First Round
First Round
(03 Oct 2017)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series C - Radar | Valuation | Insight Partners | |
| Feb, 2020 | Amount | Series B - Radar | Valuation | Accel | |
| Apr, 2019 | Amount | Series A - Radar | Valuation | Two Sigma Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Radar
Radar has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Accel, Heavybit and Insight Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage investments in tech sectors are managed by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Radar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Radar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Radar Comparisons
Competitors of Radar
Radar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bluedot, Plot Projects, PredCo, SkyShepherd and Kestrel Insights, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Bluedot is recognized for providing geofencing software solutions.
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| domain | founded_year | HQ Location |
Location-based marketing solutions are delivered through geofencing for mobile apps.
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| domain | founded_year | HQ Location |
Offers IIoT platforms for industrial data management and AI insights.
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| domain | founded_year | HQ Location |
GPS dog fence using positive reinforcement for safe pet boundaries.
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| domain | founded_year | HQ Location |
Provides automated polygon geofencing technology for supply chain tracking and integrations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Radar
Frequently Asked Questions about Radar
When was Radar founded?
Radar was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Radar located?
Radar is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Radar?
Nick Patrick is the current CEO of Radar. They have also founded this company.
Is Radar a funded company?
Radar is a funded company, having raised a total of $85M across 4 funding rounds to date. The company's 1st funding round was a Series A of $8M, raised on Oct 03, 2017.
What does Radar do?
Radar is established as a premier geolocation platform, offering solutions like geofencing, maps, and compliance tools. Services are utilized across industries such as retail, restaurants, logistics, gaming, travel, and payments. Cost-effective alternatives to traditional mapping services are provided, with APIs and SDKs powering location-based experiences for millions of devices globally. Enterprise-grade privacy and security standards are maintained, ensuring scalability and accuracy for Fortune 500 companies and startups alike.
Who are the top competitors of Radar?
Radar's top competitors include Bluedot, Plot Projects and PredCo.
What products or services does Radar offer?
Radar offers Geofencing Platform, Maps Platform, Geo-Compliance Solution, and Anti-Fraud Solution.
Who are Radar's investors?
Radar has 18 investors. Key investors include Accel, Heavybit, Insight Partners, Two Sigma Ventures, and Bedrock Investments.
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