Daily research news online. The global MR industry's daily paper since 2000. Follow DRNO on... Retail sensor and data firm RADAR raises $170m. May 20 2026 Retail intelligence platform RADAR has secured $170m in Series B funding, at a valuation of $1 billion, with which to develop of next-generation sensor hardware, accelerate deployment across retailers, and expand in Canada, EMEA and Latin America. The firm also hired Abi Viswanathan as its new CFO. RADAR promises retailers continuous visibility into inventory location and availability across every store, and real-time precision for the 80% of global commerce that still happens in physical stores, providing the data layer it says 'e-commerce takes for granted.' Proprietary sensors mounted on store ceilings read every tagged item continuously, tracking precise location and movement across the sales floor, stockroom and fitting rooms, with the data flowing directly into the company's analytics software. The technology is currently deployed across more than 1,400 stores with major US retailers, allowing them to restock shelves before they run empty, fulfil online orders with greater accuracy, and free up store teams to spend more time serving customers. The system also continuously learns from every item it tracks, giving retailers and brands the foundation to forecast demand, optimize assortments and act on consumer behavior. Viswanathan brings experience of building the financial and operational backbone of high-growth technology companies. He joins from autonomous vehicle company Nuro, where as CFO he helped scale the company to an $8.6 billion valuation; and previously he was an early member of Uber's Strategic Finance team, supporting global expansion across multiple geographies and business lines. Spencer Hewett, RADAR's founder and CEO, comments: 'In 2026, operating without real-time intelligence in physical retail means choosing to leave billions of dollars on the table. RADAR is changing that. Today, we're empowering retailers to run stores with the same precision as e-commerce. This round signals market conviction in the scale of the opportunity and accelerates our ability to extend that advantage across retail and beyond.' The round was co-led by Gideon Strategic Partners and Nimble Partners, with participation from Align Ventures. The firm has additional offices in San Francisco and San Diego and is online at www.goradar.com. All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated. Most viewed items in the last week... Each (*) indicates > 1,000 views. Select a region below...

RADAR announced it has secured $30 million in Series A funding, bringing its total funding to date to $63 million.