Pocket Radar, Inc. has secured $138.0 million in a recent funding round, marking a significant investment in its advanced speed measurement technology. The company designs and manufactures hand-held radar devices, notably introducing the original Pocket Radar Classic in 2010. This device was the world's first full-performance pocket-sized radar gun, designed to be highly portable, weighing only 4.5 ounces and fitting easily into a pocket. This core technology has since been adapted for various applications, including traffic safety and sports.
The funding underscores the proven accuracy and versatility of Pocket Radar's technology. Its products have been independently tested and certified by the police radar test lab sanctioned by the International Chiefs of Police (IACP), confirming an accuracy of +/- 1 MPH. This precision, combined with their cost-effectiveness compared to other professional radar guns, has led to widespread adoption. Pocket Radar products are utilized by traffic safety professionals and professional sports coaches and trainers globally, as well as by sports enthusiasts and hobbyists seeking reliable speed measurement tools.
The company's technology is the preferred speed measurement tool for traffic engineering professionals and numerous championship-winning sports teams. This includes National Champions in NCAA Baseball and Softball, the US Olympic teams in Volleyball, and top NCAA Volleyball teams such as Stanford and Penn State. This broad professional endorsement highlights the reliability and performance of Pocket Radar's offerings across demanding environments.
Pocket Radar, Inc. plans to allocate the newly raised capital towards accelerating its growth initiatives, enhancing product development, and expanding its market reach. This investment is expected to support the company's ongoing efforts to innovate within the speed measurement sector and further solidify its position as a leading provider of portable, accurate radar technology for diverse professional and recreational uses.
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