Stores gain near-perfect real-time tracking of inventory thanks to RADAR’s system. This comes from ceiling-mounted sensors working with software and analytics that deliver 99% accuracy at the item level. In the Series B round, the company was able to raise $170 million by being valued at $1 billion. The round was led by Gideon Strategic Partners and nimble Partners, they also received investment from Align Efforts. The company’s software is designed to assist retailers in automating the process of restocking, minimizing losses, improving the performance of their omnichannel operations, and making store layouts more accessible.
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Currently, more than 1,400 stores, ranging from American Eagle Outfitters to Old Navy, are using their platform. Daily, the system logs more than 100 billion item-level events. Building a data layer for physical stores similar to what online retailers have used for years.. “In 2026, operating without real-time intelligence in physical retail means choosing to leave billions of dollars on the table,” said Spencer Hewett, Founder and CEO of RADAR. The company plans to use the funding to expand globally, advance AI analytics and autonomous checkout capabilities, and scale next-generation sensor technology while strengthening its leadership team with the appointment of former Nuro executive Abi Viswanathan as CFO.
