Radar Labs, Inc.
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Radar Labs, Inc. - overview
Established
2016
Location
Brooklyn, NY, US
Primary Industry
Software
About
Radar Labs, Inc. is a geolocation technology company that provides innovative solutions for businesses, enhancing location-based experiences through geofencing, mapping, and routing technology. Founded in 2016 in Brooklyn, US, Radar Labs, Inc. specializes in geolocation services.
The company has successfully completed 5 deals, with the most recent funding round on December 9, 2021, which raised USD 55. 00 mn in Series C funding led by Insight Partners. Notable founders include Coby Berman, Devin Ivester, Nick Patrick, and Spencer Hewett, with Nick Patrick and Spencer Hewett currently serving as CEOs. Radar specializes in geolocation technology, offering a comprehensive platform that integrates geofencing, maps, geocoding, search, and routing solutions.
Their core products support location-based experiences across various industries, including retail, logistics, restaurants, and gaming. By leveraging their proprietary geospatial database, HorizonDB, Radar delivers precise and cost-effective location services that help businesses enhance customer engagement and operational efficiency. Their clients include leading retail brands, logistics companies, and restaurants, with a significant focus on the North American and European markets. Radar generates revenue through a subscription-based model, offering tiered pricing plans that cater to different client needs.
Their transactional structure allows businesses to access various APIs and SDKs, facilitating integration into existing systems. Clients, which include Fortune 500 companies and startups, utilize services like routing APIs, geocoding APIs, and geofencing solutions, contributing to operational workflows. The competitive pricing structure is designed to reduce geolocation costs, enabling long-term partnerships that drive recurring revenue through subscriptions. In December 2021, Radar Labs, Inc.
raised USD 55. 00 mn in Series C funding, led by Insight Partners, to scale and extend its market lead. The company plans to expand its offerings by developing new products and enhancing existing platform capabilities. Radar aims to enter new markets, with a focus on expanding its presence beyond North America and Europe.
The funding will support these initiatives, allowing for the development of building blocks that strengthen its platform.
Current Investors
Expa, Accel, Fuel Capital
Primary Industry
Software
Sub Industries
IT Infrastructure, Analytics & Performance Software, Systems Management Software
Website
www.radar.com
Verticals
Cloud Computing, Mobile Apps
Company Stage
Series C
Total Amount Raised
Subscriber access only
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