Retail Tech Startup Radar Secures $170 Million Funding Round

Radar , an inventory management startup backed by American Eagle Outfitters CEO Jay Schottenstein , has reached a valuation of more than $1 billion following its latest funding round, CNBC reported on Tuesday (May 19). The company raised $170 million in Series B financing co-led by Gideon Strategic Partners and Nimble Partners, with participation from Align Ventures. Founded in 2013 by Spencer Hewett , a former Peter Thiel fellowship recipient, Radar utilizes ceiling-mounted hardware to track ra