About RADAR
GoRadar.com specializes in RFID (Radio Frequency Identification) technology to improve inventory management in retail. Their system combines hardware and software to track items in real-time, allowing retailers to monitor product movements accurately. This technology supports autonomous retail experiences, enabling faster checkouts and better customer service. Unlike other solutions, GoRadar.com focuses on integrating RFID with computer vision for enhanced tracking capabilities. The company's goal is to help retailers operate more efficiently and responsively to market needs, ultimately reducing costs and improving overall performance.
New York City, New YorkHeadquarters
2013Year Founded
$30.2MTotal Funding
DEBTCompany Stage
Industrial & Manufacturing, AI & Machine Learning, Consumer GoodsIndustries
51-200Employees
Benefits
Company Equity
Health Insurance
Dental Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
Flexible Work Hours
Parental Leave
Risks
Increased competition from RFID and computer vision providers like Impinj and Avery Dennison.
Potential privacy concerns could lead to stricter compliance requirements for RADAR.
Economic downturns may impact retail clients' budgets for technology investments.
Differentiation
RADAR offers a unique combination of RFID and computer vision technologies.
The platform provides real-time tracking and autonomous checkout solutions for retailers.
RADAR's technology bridges the gap between online and offline retail environments.
Upsides
RADAR secured $30 million in Series A funding, boosting its growth potential.
The trend towards cashier-less stores aligns with RADAR's autonomous checkout solutions.
Retailers' focus on sustainability supports RADAR's precise inventory tracking capabilities.
Funding
Total raised$30.15 M
Latest valuation$75.00 M
StageDEBT
DEBT
5/31/2023$30
LATE VC
5/31/2022$15
$75.00 M