Radius Networks, a Washington, DC-based technology company that uses its machine learning location platform to allow businesses to conduct location-based transactions with their customers, closed a $15m Series A financing round.
The round included participation from existing and new investors including Contour Venture Partners and Core Capital Partners.
The company intends to use the funds to further invest in the sales and marketing efforts around the company’s FlyBuy® SaaS product for in-store and curbside pickup.
Led by Marc Wallace, CEO, Radius Networks is a software company that uses machine learning to allow companies to conduct location-based transactions with their customers. The platform core services include customer and asset location, curbside and in-store pickup, mobile loyalty and redemption and mobile payment at the table. Clients of Radius Networks include some of the world’s largest brands and span multiple markets such as restaurants, retail, grocery, hospitality, and gaming.
Its solutions are installed in more than 30,000 locations, across 45 countries.