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February 20, 2024 – Placer.ai, the leading location analytics platform, announced today that it has achieved $100 million in Annual Recurring Revenue (“ARR”). This milestone underscores the company’s growth and the increasing demand for its insights into location intelligence and consumer behavior.
“Reaching $100 million ARR is a significant milestone for Placer.ai,” said Noam Ben-Zvi, CEO of Placer.ai. “Our growth reflects the critical role our platform plays in helping businesses adapt in a changing market landscape.”
Since its launch in 2018, Placer.ai has changed the way businesses optimize their offline activities. The platform transforms how leaders make critical decisions by unlocking unparalleled visibility into markets and locations.
“This achievement not only underscores our ongoing growth but also reinforces the trust our customers have in Placer.ai,” said Dean Neese, Chief Financial Officer of Placer.ai. “Our team's dedication to fostering strong relationships has been instrumental in reaching this milestone.”
Placer.ai’s analytics have become essential for organizations across industries including CRE, Retail, Hospitality, Finance and others, aiming to attract the right businesses, drive event success, and boost tourism. As the company continues to expand its capabilities and customer base, it remains dedicated to providing unparalleled insights that drive success in the physical world.
For more information, please visit Placer.ai
About Placer.ai
Placer.ai is the most advanced location analytics platform allowing anyone with a stake in the physical world to instantly generate insights into any property for a deeper understanding of the factors that drive success. Placer.ai is the first platform that fully empowers professionals in retail, commercial real estate, hospitality, economic development, and more to truly understand and maximize their offline activities.
