Radar raises $20 million Series B led by Accel to build developer-friendly, privacy-first location data infrastructure
We started Radar almost four years ago to help developers build great app experiences with location. Since then, two big things have happened:
First, the need has only grown. Location underpins many of the apps that we use every day, from hailing a ride to tagging photos to ordering food. Yet building with location is still too challenging. Too many companies aren't taking advantage, are struggling to build solutions in-house, or are relying on vendors that are too clunky or too expensive.
Second, between GDPR, CCPA, iOS 13, and New York Times cover stories, data privacy is under more scrutiny than ever, and rightfully so.
Because of this, we're on a mission to build the world's most developer-friendly, privacy-first location data infrastructure, unlocking the next generation of location-aware app experiences.
Today, we're excited to announce a $20 million Series B led by Accel, with participation from Two Sigma Ventures, Bedrock Capital, Heavybit, PrimeSet, and Zach Weinberg and Nat Turner (the co-founders of Flatiron Health). Vas Natarajan from Accel joins the board.
With this new funding, we're doubling down on our commitment to privacy and to developers.
First, we're launching new building blocks for location-aware apps. We're open-sourcing our SDK, introducing new tracking options that make the SDK more flexible than ever. SDK v3 is available in public beta today.
We're also launching new APIs for geocoding, search, and routing. These APIs are available in private beta today.
Most importantly, we're doing all of this in a privacy-conscious way.
Consumers share many types of sensitive information with companies they trust, like addresses, social security numbers, credit card information, and health history. Companies often use trusted processors like Stripe or AWS to handle and store this information securely. But consumers don't expect those processors to share that data across customers or sell it to third parties, even if it's been pseudonymized or anonymized.
What about location data? Unfortunately, the practice of sharing and selling data to third parties is all too common in the location space.
At Radar, we've set out to change this. The future of location will be powered by first-party data only, with clear opt-in from and value for end users. Radar is a SaaS company, not an ad tech company. We do not sell any data we collect, and we do not share location data across customers. Learn more in our commitment to privacy.
As a company, we've come a long way in four years. We're powering location-aware experiences for enterprises and high-growth startups. But we're still just getting started.
We're currently a talented, tenacious team of 25 based in Brooklyn. In 2020, we're doubling the size of the team. From engineering to product to customer success to sales, we're hiring across the board. We're also opening a San Francisco office. Does this sound exciting to you? Join us!
Thanks to all of our incredible customers, partners, advisors, and investors. We couldn't have gotten this far without you.
Here's to the next four years!
— Nick, Coby, Tim, and the Radar team