Walkbase

Walkbase provides advanced retail analytics solutions, enhancing in-store shopping experiences through actionable insights derived from customer behavior analysis. Walkbase specializes in retail analytics, focusing on in-store customer behavior. Founded by Björn Sjölund, the company is based in Turku, Finland. In November 2013, Walkbase secured EUR 3 million in Series A funding from Sberbank CIB and other investors, representing the total amount raised.

The company has engaged in two notable funding deals to date. Walkbase's flagship product, Walkbase TREQ, utilizes millimeter wave sensor technology to analyze customer movement and engagement within retail spaces. The platform's features include occupancy analytics, queue management, and merchandising effectiveness, catering to clients across diverse sectors such as grocery, healthcare, banking, and quick-service restaurants. Walkbase primarily serves clients in North America and Europe, responding to the growing demand for data-driven retail solutions.

In the most recent year, Walkbase reported a revenue of EUR 1,087,412. 90, with an EBITDA of EUR -2,138,452. 20. The company generates revenue through subscription models, enabling retailers to access its analytics platform and track real-time customer behavior, fostering long-term partnerships for ongoing insights into retail environments.

Walkbase plans to leverage its recent Series A funding of EUR 3 million to develop new product offerings and enhance existing services. The company aims to target additional markets in Europe and North America for expansion, with specific plans to roll out new features of Walkbase TREQ by late 2024. The funding will support the development and marketing of these new analytics capabilities to meet the evolving needs of retailers.