Radar

Radar is an inventory intelligence platform for physical retailers, built around ceiling-mounted RFID readers and computer vision that track and precisely locate in-store inventory in near real time with 99% accuracy . Store associates can pull up the exact location of a specific size or color when a shopper asks, and managers get tools to audit incoming deliveries and spot inventory gaps as they happen. Customers already include American Eagle and Gap's Old Navy, with the system now running across upward of 1,400 locations . This launch marks Radar's $170 million Series B at a valuation of more than $1 billion, co-led by Gideon Strategic Partners and Nimble Partners with Align Ventures also participating . The timing reflects a broader bet that brick-and-mortar stores, which still account for the majority of global retail, need the same real-time operational data that ecommerce has taken for granted for years. Radar points to concrete results from early deployments, including pickup cancellation rates falling from roughly 25% to as low as 3% and, at one pilot site, shrink dropping by 60% . The company was founded in 2013 by Spencer Hewett, who serves as CEO , and is headquartered in New York. Hewett originally focused on rethinking checkout before pivoting toward inventory management, a shift that has since attracted strategic backing from retail operators, including American Eagle CEO Jay Schottenstein, whose company was the first chain to deploy the system across its stores.