1 of 1
Story summary
- Radar secured $170 million in a Series B round that valued it at over $1 billion, achieving unicorn status.
- Gideon Strategic Partners and Nimble Partners co-led the financing, with Align Ventures and American Eagle CEO Jay Schottenstein investing.
- Radar’s RFID reads tags with 99% accuracy, providing inventory visibility in 1,400 stores including American Eagle and Old Navy.
- Clients report order-cancellation rates dropped from 25% to 3% and shrink fell 60% after deploying the system.
