{"id":5847,"date":"2018-10-24T07:51:03","date_gmt":"2018-10-24T14:51:03","guid":{"rendered":"https:\/\/athis-consulting.com\/news\/?p=5847"},"modified":"2018-10-28T07:59:29","modified_gmt":"2018-10-28T14:59:29","slug":"placer-ai-raises-4-million-to-use-ai-to-track-foot-traffic","status":"publish","type":"post","link":"https:\/\/athis-technologies.com\/news\/innovation\/ai-big-data\/2018\/placer-ai-raises-4-million-to-use-ai-to-track-foot-traffic\/","title":{"rendered":"Placer.ai raises $4 million to use AI to track foot traffic"},"content":{"rendered":"<p><a href=\"https:\/\/placer.ai\/\" target=\"_blank\" rel=\"noopener\">Placer.ai<\/a>, which uses smartphone tracking data to help businesses make decisions, announced the closure of a $4 million funding round today. The funds will be used to expand its service for tracking and predicting foot traffic and people\u2019s movements and to grow its sales and marketing teams.<\/p>\n<p>The company said it obtains its data through the 100 popular smartphone apps that use its SDK and that it can anonymously but accurately track the movements of 60 percent of Android users and 40 percent of iOS smartphone users in the United States.<\/p>\n<p>Alongside the funding news, Placer.ai announced the launch of a free version of its app that can share limited foot traffic movement details about virtually any business in the U.S.<\/p>\n<p>Placer.ai aims to tell users not just who visits a business but where they came from and where they go after they leave. Machine learning is then used to make predictions about customer data or visitation trends.<\/p>\n<p>Initial Placer.ai users include CBRE, Caesar\u2019s Entertainment, tech company Oath, and the Santa Cruz boardwalk in California.<\/p>\n<p>\u201cWe\u2019ve decided to focus on commercial real estate, where we\u2019re seeing a lot of adoption around: \u2018Which tenants should I bring in?\u2019 \u2018How healthy are they?\u2019 \u2018Where should I acquire a shopping center?\u2019 And a lot of these questions we help answer,\u201d cofounder Noam Ben-Zvi told VentureBeat in an interview.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-2408565 jetpack-lazy-image jetpack-lazy-image--handled\" src=\"https:\/\/venturebeat.com\/wp-content\/uploads\/2018\/10\/Overview_Grocery_Outlet_Smart__Final.jpg?w=514&amp;resize=514%2C600&amp;strip=all\" alt=\"\" width=\"514\" height=\"600\" data-recalc-dims=\"1\" data-lazy-loaded=\"1\" \/><\/p>\n<p>The $4 million funding round was led by IrishAngels Ventures, with participation from Array Venture and Stage Venture Partners.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Placer.ai launches the first free online tool providing anyone instant access to deep consumer insights for any physical location, driving smarter decision-making<\/p>\n","protected":false},"author":8,"featured_media":5848,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"amp_status":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Placer.ai raises $4 million to use AI to track foot traffic","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[208,10],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - 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