Radar

Radar

RFID technology for retail inventory management

About Radar

Simplify's Rating
Why Radar is rated
C+
Rated C on Competitive Edge
Rated A on Growth Potential
Rated D+ on Rating Differentiation

Industries

Industrial & Manufacturing

AI & Machine Learning

Consumer Goods

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$30.2M

Headquarters

New York City, New York

Founded

2016

Overview

GoRadar.com specializes in providing RFID (Radio Frequency Identification) technology solutions for the retail industry. Their system combines hardware and software to enable real-time tracking of inventory, allowing retailers to monitor every item in their store with high accuracy. This technology supports autonomous retail experiences, including self-checkout options, by providing insights into product locations and customer interactions. GoRadar.com differentiates itself from competitors by offering a fully integrated solution that includes ongoing support and updates, ensuring clients benefit from the latest advancements. The company's goal is to enhance efficiency and responsiveness in retail operations, helping businesses reduce costs and improve customer experiences.

YC Company
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Simplify's Take

What believers are saying

  • Radar secured $30 million in Series A funding, boosting growth potential.
  • The global RFID market is projected to reach $40.5 billion by 2027.
  • Retailers' shift to omnichannel strategies aligns with Radar's real-time tracking capabilities.

What critics are saying

  • Emerging startups in RFID and computer vision could threaten Radar's market share.
  • Data privacy concerns may lead to regulatory scrutiny impacting Radar's operations.
  • Supply chain disruptions could delay RFID hardware production and increase costs.

What makes Radar unique

  • Radar offers a unique combination of RFID and computer vision technology.
  • The platform supports geofencing, place detection, and real-time inventory tracking.
  • Radar's APIs enable seamless integration with popular platforms like Segment and Braze.

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Funding

Total Funding

$30.2M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Paid Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
CIO Influence
Jul 14th, 2023
RADAR secures $30 million in Series A funding round led by Align Ventures

RADAR secures $30 million in Series A funding round led by Align Ventures.

Finsmes
Jul 13th, 2023
Radar raises $30M in Series A funding

Radar, a New York-based provider of a technology platform that combines RFID and computer vision technology to track and precisely locate in-store inventory, raised $30M in Series A funding.

Intelligence360
Jun 6th, 2023
Automaton Inc. Dba Radar Has Filed A Notice Of An Exempt Offering Of Securities To Raise $30,000,000.00 In New Debt Financing.

Automaton Inc. dba Radar has filed a notice of an exempt offering of securities to raise $30,000,000.00 in New Debt Financing. Automaton Inc. dba Radar has filed a notice of an exempt offering of securities to raise $30,000,000.00 in New Debt Financing.According to filings with the U.S. Securities and Exchange Commission, Automaton Inc. dba Radar is raising $30,000,000.00 in new funding

Startupi
May 4th, 2023
Rx Ventures, Fundo Da Lojas Renner, Investe Em Startup Do Varejo E Marca Presença No Exterior

A Radar, retailtech que desenvolve soluções para controle de estoques, localização e acompanhamento em tempo real do manuseio e da movimentação de produtos nos pontos de venda acaba de receber um aporte minoritário do RX Ventures, fundo de Corporate Venture Capital (CVC) da Lojas Renner. O valor do aporte não foi revelado, mas este é o primeiro investimento que a RX Ventures realiza em uma startup fora do Brasil. “A tecnologia da Radar proporciona um ganho de eficiência na loja física. Como na Renner já usamos o RFID, pré-requisito para o funcionamento do sistema da Radar, poderemos ser parceiros nos testes e escalabilidade da tecnologia no Brasil e na América Latina, diz a head de Novos Negócios da Lojas Renner, Analu Partel.A rodada foi liderada pela Align Ventures, dos Estados Unidos, o RX juntou-se a outras importantes varejistas, gestoras e aceleradoras daquele país que já eram investidoras da startup, como a American Eagle Outfitters, Y Combinator e Founders Fund. Desde que começou a operar, em 2013, a Radar já captou mais de US$ 50 milhões.Antes da rodada de investimento da qual o RX fez parte, a startup já testava seu sistema em unidades de diferentes marcas americanas. Logo após a formalização do aporte, ela fechou negócio para implantar a solução em 500 pontos de venda da American Eagle – especializada em moda e acessórios – nos Estados Unidos nos próximos 12 meses.Confira aqui o Mídia Kit do Startupi!“A Radar reduz as fronteiras entre o físico e o digital e promove uma possibilidade concreta de disrupção no varejo de moda. Com o RX, queremos cocriar o futuro do nosso setor com sinergias, geração de valor e troca de experiências entre nossos executivos e empreendedores, visando a inovação a serviço da jornada dos clientes

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