Radar, the tech firm using radio frequency identification and artificial intelligence to track and locate store inventory, has raised $170 million in series B funding, led by Gideon Strategic Partners and Nimble Partners with participation from Align Ventures.
The new funding brings Radar’s valuation to $1 billion, according to the company.
Radar’s technology provides real-time data on inventory to help retailers and brands maximize sales, provide better customer service, and more effectively replenish, order and allocate merchandise. Radar says its system is 99 percent accurate and captures a full inventory snapshot every eight seconds. The technology is designed to help retailers restock before shelves run empty, enable store associates to spend more time serving customers, and replace manual processes.
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The company indicated it plans to use the $170 million to accelerate deployments across retailers, advance next-generation sensor hardware, expand AI analytics capabilities, accelerate autonomous checkout development, and grow across Canada, Europe, the Middle East and Africa, and Latin America. The company has offices in San Francisco, San Diego and New York.
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“In 2026, operating without real-time intelligence in physical retail means choosing to leave billions of dollars on the table. Radar is changing that,” said Spencer Hewett, founder and chief executive officer of Radar, in a statement. “Today, we’re empowering retailers to run stores with the same precision as e-commerce. This round signals market conviction in the scale of the opportunity and accelerates our ability to extend that advantage across retail and beyond.”
Erik Oros, chief investment officer of Gideon Capital, said: “The physical world has long been a blind spot in an otherwise data-driven economy. Radar is closing that gap. Starting with retail, the company is delivering clear, measurable [return on investment] today while building a proprietary data advantage that strengthens with every deployment. We believe that combination positions Radar to define the category and become a foundational layer of real-time intelligence across physical industries.”
Radar’s technology uses proprietary overhead sensors, software, and an analytics layer rolled into a “single end-to-end system.” Sensors mounted on store ceilings read every tagged item continuously, tracking location and movement across the sales floor, stockroom and fitting rooms. That data flows directly into software, which converts raw location signals into operational action including automated replenishment alerts, omnichannel fulfillment routing, loss prevention triggers and merchandising intelligence.
Radar can be integrated into the systems retailers already use and is currently deployed at more than 1,400 stores, including American Eagle Outfitters and Old Navy locations.
“As the first retailer to implement Radar technology fleet-wide, American Eagle has unlocked greater inventory visibility, empowered our associates and sharpened our insights,” said Jay Schottenstein, executive chairman and CEO of American Eagle Outfitters. “With inventory digitized in real-time, we have enabled our creative, operations and technology teams to place their focus on creating seamless, customer-first experiences that define the American Eagle brand.”
The company also announced the appointment of Abi Viswanathan as its chief financial officer. He was previously the CFO of Nuro, an autonomous vehicle company, where he helped scale the company to an $8.6 billion valuation. He was also an early member of Uber’s strategic finance team, supporting global expansion.
“Inventory is one of the largest and most critical assets for retailers, yet it is often managed with surprisingly low levels of accuracy,” Viswanathan said. “Radar is changing that by giving leading retailers the real-time, high-accuracy inventory data they need to operate more efficiently, improve store productivity, serve customers better, and compete more effectively. I’m excited to leverage my experience scaling high-growth technology companies to help Radar build on its momentum and scale through this next chapter.”
Ben Bryce, founder and managing partner at Align Ventures, said Radar collects information in physical stores that could previously only be captured online. “Physical stores have operated for decades without real-time visibility into inventory and operations, and the pressure to match the precision of e-commerce is only accelerating,” said Bryce.
