Categories: Headlines

Mark Wahlberg Invests in Digital Signage Tech for Physical Stores

Raydiant (San Francisco), which operates an AI-powered platform that physical stores can use to enhance its digital signage for both customers and back-of-house employees, has raised $30 million from a group of investors that includes actor Mark Wahlberg.

Raydiant describes itself as an “in-location experience management platform for brick-and-mortar enterprises.” The company recently acquired SightCorp’s AI-driven platform that provides real-time audience and performance data insights.

In a release, Raydiant said it has scaled to nearly 4500 customers and more than 100 employees, with the majority of those hires having taken place during the past six months.

The $30 million Series B funding round was led by 8VC and Atomic Ventures, with participation from Wahlberg, Lerer Hippeau, Gaingels, Haveli, Illuminate Ventures and XRC. The funds will be used for additional acquisitions and hires, according to the release.

For more information, visit raydiant.com.

Shop! Association

Recent Posts

UK Retail Sales Plunge: Report

The decline is expected to continue into May

17 hours ago

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

Quinine Founder and Rethink Retail Expert Ian Johnston unpacks the behavioral science behind store design…

19 hours ago

Majority of Businesses Still Rely on Cash Payments: Survey

Despite the popularity of digital payments, almost six out of 10 businesses except to never…

2 days ago

Obituary: Reginaldo Reyes

Reginaldo passed away Monday, April 22, 2024

2 days ago

Retail Markets in U.S., Canada Remain Tight

Continued demand produces record low vacancy rates

3 days ago

“Balmain Beach Club” Washes Ashore at Neiman Marcus

Paris-based maison offers a Riviera-inspired collection and installation

3 days ago

This website uses cookies.