RADAR

Summary active Updated May 20, 2026

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Location New York, NY
Founded 2018
Latest Stage Series B
Total Raised $170M+
Website https://radar.com/
Sector
retail-tech ai iot enterprise-software inventory rfid

Investors

Tom Drummond Seed (2017)
Garrett Camp Seed (2016)
Heavybit Seed (2017)
Expa Seed (2016)

Founders

Spencer Hewett CEO & Founder

About

RADAR is a New York-based AI-powered retail intelligence platform combining proprietary overhead sensors with software and an analytics layer into an end-to-end system — ceiling-mounted sensors read every tagged item continuously, tracking precise location and movement across the sales floor, stockroom, and fitting rooms 123. Founded in 2018 by CEO Spencer Hewett, the $170M Series B announced May 20, 2026 was led by Gideon Strategic Partners and Nimble Partners with participation from Align Ventures, taking the company to a $1B unicorn valuation 123.

Funding History

Date Round Amount Lead Co-investors
2026-05-20 Series B $170M (at $1B val) Gideon Strategic Partners, Nimble Partners Align Ventures 123

What Investors Say

No independently sourced investor quotes found at this time.

What Founders Say

No independently sourced founder quotes found at this time.

Sources

  1. The SaaS News, “RADAR Raises $170M Series B at $1B Valuation,” May 2026. Accessed May 2026. https://www.thesaasnews.com/news/radar-raises-170m-series-b-at-1b-valuation↩↩↩

  2. FinSMEs, “Radar Raises $170M in Series B Funding,” May 2026. Accessed May 2026. https://www.finsmes.com/2026/05/radar-raises-170m-in-series-b-funding.html↩↩↩

  3. VentureBurn, “RADAR Raises $170M, Hits $1B Valuation in AI Retail Push,” May 2026. Accessed May 2026. https://ventureburn.com/radar-raises-170m-hits-1b-valuation-in-ai-retail-push/↩↩↩