Adrian J Cotterill, Editor-in-Chief
Placer.ai, which develops a location analytics and foot traffic data platform, has raised USD 75 million at a USD 1.5 billion valuation.
This is a 50% increase from the USD 1 billion valuation it received when it raised USD 100 million in its previous funding round back in January 2022.
This latest round included only existing investors; Josh Buckley, WndrCo, Lachy Groom, MMC Technology Ventures LLC, Fifth Wall Ventures, and Array Ventures.
To date, Placer has raised a total of over USD 240 million.
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