Placer.ai, a location-based AI market research proptech startup, has raised $75 million, increasing its valuation to $1.5 billion. The company provides anonymized location analytics across various verticals like retail, events and entertainment, CPG, real estate, financial services and healthcare,by combining AI with anonymized data that it sources from third-party apps.The firm has shown seen significant growth, with annual run rate revenues reaching $100 million, and its customer base expanding to over 4,300 clients. The new funds will enhance business development and expand the platform’s features and datasets.

Placer.ai Boosts Valuation to $1.5B After Quietly Raising Another $75M