Retail radio sensor insights help Kepler Analytics pull in $22m in OneVentures-led Series B
Kepler Analytics managing director David Mah admits it may seem counterintuitive that his technology company, focusing on bricks-and-mortar retail, would thrive during COVID-19 when everyone else seems to be paying attention to lifting their online sales game.
But by using radio energy sensors to track the number of mobile phones in stores and gather insights, Melbourne-based Kepler's compound annual growth rate doubled in the past year, prompting strong interest in a successful US$15.5 million ($22 million) Series B raise led by OneVentures.
The startup co-founded by Mah and David Gordon works with 5,500 stores, ranging from local retail outlets to Fortune 500 companies across 24 countries, providing real-time data through its Software as a Service (SaaS) platform.
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