About RADAR
RADAR is a company based in New York (United States) founded in 2013 by Spencer Hewett. It operates as a SaaS (Software-as-a-Service), and Product-as-a-Service. RADAR has raised $61.12 million across 10 funding rounds from investors including Align Ventures, RX Ventures and The Ferrante Group. RADAR offers products and services including RADAR RFID Solution and Autonomous Checkout. RADAR operates in a competitive market with competitors including RELEX, Wasoko, TradeGecko, ZopSmart and Vend, among others.
- Headquarter New York, United States
- Founders Spencer Hewett
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Sectors
RetailTechnology
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Phone
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$61.12 M (USD)
in 10 rounds
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Latest Funding Round
$19.7 M (USD), Debt – Convertible
Jul 11, 2024
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Investors
Align Ventures
& 10 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 RADAR RFID Solution and Autonomous Checkout. 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.
Inventory tracking is enhanced with RFID and vision.
Checkout process is automated for faster customer exits.
Unlock access to complete
Funding Insights of RADAR
RADAR has successfully raised a total of $61.12M across 10 strategic funding rounds. The most recent funding activity was a Debt – Convertible round of $19.7 million completed in July 2024. 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 10
- Last Round Debt – Convertible — $19.7M
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First Round
First Round
(01 Jun 2013)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Debt – Convertible - RADAR | Valuation |
investors |
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| Nov, 2023 | Amount | Series A - RADAR | Valuation |
investors |
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| Jul, 2023 | Amount | Series A - RADAR | Valuation | Align 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 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Align Ventures, RX Ventures and The Ferrante Group. 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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Seed & early stage tech-focused venture capital firm investing primarily in the US
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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NTT Group backed venture capital fund
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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 |
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| 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 RELEX, Wasoko, TradeGecko, ZopSmart and Vend, 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 |
Unified platform for retail and supply chain planning is offered.
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| domain | founded_year | HQ Location |
Online B2B marketplace offering groceries for enterprises
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| domain | founded_year | HQ Location |
Provider of cloud-based suite solutions for wholesalers
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| domain | founded_year | HQ Location |
Omni-channel solutions are provided for offline businesses.
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| domain | founded_year | HQ Location |
Cloud-based retail POS solutions
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| domain | founded_year | HQ Location |
SaaS ERP software is offered for multi-industry operations management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 2013.
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?
Spencer Hewett 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 $61.12M across 10 funding rounds to date. The company's 1st funding round was a Series A of $30M, raised on Jun 01, 2013.
What does RADAR do?
Inventory tracking is provided by RADAR through a fully-integrated hardware and software solution powered by RFID and enhanced by computer vision. Retail challenges are addressed by offering unprecedented speed and location accuracy. Solutions are designed for real-time item tracking, autonomous checkout, and item-level analytics. The retail sector is primarily served, focusing on improving inventory management and customer experience in busy store environments.
What products or services does RADAR offer?
RADAR offers RADAR RFID Solution and Autonomous Checkout.
Who are RADAR's investors?
RADAR has 11 investors. Key investors include Align Ventures, RX Ventures, The Ferrante Group, FutureArchives, and Leeds Holdings.