Radar

RFID technology for retail inventory management

New York City, New York, United States

About Radar

GoRadar.com provides a comprehensive solution for inventory management in the retail sector using RFID (Radio Frequency Identification) technology combined with computer vision. Their system allows retailers to track every item in their stores in real-time, providing precise location data and enabling features like autonomous retail and checkout experiences. This technology is particularly advantageous for large retail chains that manage significant volumes of inventory and customer interactions, as it offers insights into product locations and customer behaviors. Unlike many competitors, GoRadar.com focuses on delivering an integrated hardware and software package, along with ongoing support and updates, ensuring that clients benefit from the latest advancements. The company's goal is to enhance efficiency and responsiveness in retail operations, ultimately helping retailers reduce costs and improve customer experiences.

New York City, New YorkHeadquarters
2016Year Founded
$30.2MTotal Funding
DEBTCompany Stage
Industrial & Manufacturing, AI & Machine Learning, Consumer GoodsIndustries
51-200Employees

Benefits

Health Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Paid Parental Leave

Risks

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.

Differentiation

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.

Upsides

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.

Funding

Total raised$30.15 M
Latest valuation$75.00 M
StageDEBT