Market Chatter: Radar Raises $170 Million in Funding Round

MT Newswires Live

05/19

American Eagle Outfitters (AEO) retail inventory software provider Radar raised $170 million at a valuation of more than $1 billion, CNBC reported Tuesday.

The funding round was led by Gideon Strategic Partners and Nimble Partners with participation from Align Ventures, CNBC said.

Radar works with American Eagle, Gap's Old Navy, and some other major retailers, the report said.

Radar did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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