2024 Revenue
$7.9M
Funding
$0
YOY
42.8%
Team
154
Founded
2013
How RADAR CEO Spencer Hewett grew to $7.9M revenue with a 154 person team in 2024.
RADAR is building technology to completely transform the in-store experience for retail employees
Last updated
RADAR Revenue
In 2024, RADAR's revenue reached $7.9M. The company previously reported $5.5M in 2023. Since its launch in 2013, RADAR has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | RADAR Hit $7.9m revenue in October 2024 | |
| 2023 | RADAR Hit $5.5m revenue in October 2023 | |
| 2021 | RADAR Hit $2.9m revenue in January 2021 | |
| 2013 | Launched with $0 revenue |
RADAR Valuation, Funding Rounds
RADAR is a bootstrapped Other Retail Software startup. Founded in 2013, RADAR has grown to $7.9M in revenue without raising any venture capital or outside funding.
As a self-funded Other Retail Software SaaS company, RADAR has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Spencer Hewett
CEO
CEO at Radar. Today, RADAR counts 13 employees, including COO, Michael Murphy (former Head of RFID at Inditex, the parent company of Zara), and Adam Blair, CTO (former chief engineer at Boeing has launched 18 satellites and founder of a company that built RFID systems for Intel). Even more impressive, RADAR has signed three major publicly traded billion-dollar apparel companies, two being active investors. While the company currently focuses on inventory management to drive revenue for retailers, it’s not the end goal. In Spencer’s words, “Walmart sells 80 billion items per year. If we are able to index all of it, that’s 80 billion items in the world that can be tracked. Imagine picking up a bottle of water from Walmart, throwing it in the trash and the trash can knows that its plastic and recycles it automatically. We are excited about adding intel to everything and having companies build consumer-facing platforms upon it.”
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for RADAR yet.
RADAR Employees & Team Size
RADAR employs approximately 154 people as of 2026, up from 118 in 2023.
| Year | Milestone |
|---|---|
| 2024 | Reached 154 employees (December 2024) |
| 2024 | Reached 118 employees (October 2024) |
| 2023 | Reached 118 employees (October 2023) |
| 2022 | Reached 100 employees (October 2022) |
| 2021 | Reached 75 employees (December 2021) |
| 2021 | Reached 30 employees (January 2021) |
Frequently Asked Questions about RADAR
What is RADAR's revenue?
RADAR generates an estimated $7.9M in annual revenue.
Who founded RADAR?
RADAR was founded by Spencer Hewett.
Who is the CEO of RADAR?
The CEO of RADAR is Spencer Hewett.
How much funding does RADAR have?
RADAR is bootstrapped and has not raised outside funding.
How many employees does RADAR have?
RADAR has 154 employees.
Where is RADAR headquarters?
RADAR is headquartered in New York, United States.
Compare RADAR to the industry
RADAR operates across multiple industries. Browse revenue, funding, and growth data for RADAR in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
Claim this profilePeople Also Viewed
Qobra
Qobra is an AI-first sales compensation platform founded in 2020 by Antoine Fort (CEO), Axel (CTO), and Tongue (CPO). The company automates end-to-end commissions, replacing spreadsheet-based workflows for sales organizations. Fort co-founded the business almost immediately after graduating, drawing on relationships with senior sales leaders to understand the problem rather than personal experience as a commission-earner. Qobra has grown from a 100K pre-seed round and its first customer in 2020 to approximately 8M in ARR as of May 2026, serving more than 250 customers at an average ACV of roughly 30,000 per year. The company broke 1M ARR in 2022, reached between 4M and 5M ARR twelve months prior to the interview, and is targeting 10M ARR by end of 2026. Total funding raised stands at 5.7M across a 111K pre-seed in 2020 and a 5.5M seed in 2022, supplemented by a 10M Series A in late 2023 and 2M in debt financing. Investors include Singular and Brieger. The team has grown to 49 people. The single most interesting strategic inflection point is Qobra's bet that AI agents will allow it to capture dollars currently flowing to implementation consultants and external firms. The company is launching three agents, called the Analyst, the Architect, and the Coach, in June 2026, with the Architect able to build and deploy compensation plans in minutes instead of weeks. Fort frames this as turning a 6-dollar services market into software revenue, citing Sequoia's thesis that for every dollar spent on software, six dollars are spent on services.
Chattermill Analytics
Copilot transforms the way you interact with your customer data. With the power of generative AI, you can get answers to all of your CX, product, and marketing questions, improving team alignment, efficiency, and productivity. Have questions? Just ask!
Sentisis
Sentisis is the Customer Experience platform for the Spanish language
SPOT
Provider of a cloud based measurement software designed to make cloud computing more accessible and practical through simplicity and technical resources driven by the community. The company's cloud based measurement software uses artificial intelligence and machine learning to capture and analyze the data of the real world through video to predict and establish more precise marketing strategies, enabling businesses to optimize processes and gain competitive advantage.
Tera
Tera is a AI powered smarter finance platform offering unified experience for businesses
Tauri
Developer of a cloud based cyber security platform designed to provide effective and secure services to business across all places. The company's cyber security platform stores and safeguards confidential and classified information from threats and enables only the sender and recipient have access to encryption keys that are used to open communications and other files through web browsers, mobile phones, Windows and Mac, enabling organizations to handle communication, scheduling and file management in a secured way.
