2024 Revenue
$7.9M(Est.)
Funding
$0
Team
154
Founded
2013
RADAR Revenue (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 | Source |
|---|---|---|
| 2024 | RADAR Hit $7.9m revenue in October 2024 | Estimated |
| 2023 | RADAR Hit $5.5m revenue in October 2023 | Estimated |
| 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 | Source |
|---|
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
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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 | Source |
|---|---|---|
| 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.
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