Retail inventory startup Radar reaches unicorn status with $170M funding
Radar, an RFID-based retail inventory startup backed by American Eagle CEO Jay Schottenstein, has achieved unicorn status after closing a $170 million Series B funding round. The company now covers more than 1,400 stores. The funding round was led by a group of investors including Schottenstein, who has been a key backer. Radar's technology uses RFID tags to track inventory in real time, helping retailers reduce out-of-stock items and improve supply chain efficiency. The startup's valuation exceeded $1 billion with this round, marking a significant milestone. The company plans to use the funds to expand its platform and hire additional staff.
Key facts
- Radar is an RFID-based retail inventory startup.
- It is backed by American Eagle CEO Jay Schottenstein.
- Radar reached unicorn status with a $170 million Series B funding round.
- The company now covers more than 1,400 stores.
- The funding round was led by a group of investors including Schottenstein.
- Radar's technology uses RFID tags to track inventory in real time.
- The startup's valuation exceeded $1 billion with this round.
- Funds will be used to expand the platform and hire additional staff.
Entities
Institutions
- Radar
- American Eagle
Sources
- Quartz —