Spatic provides a location analytics platform that utilizes hyperlocal insights, competitor activity, and footfall data to identify high ROI retail locations. The platform also offers property listings and AI-driven revenue predictions, enabling retailers to make informed expansion decisions efficiently.
Funding
Funding not disclosed
Founders
Product
Problem
Retailers often struggle to identify optimal locations for expansion due to a lack of comprehensive data on hyperlocal consumer behavior, competitor activity, and revenue potential. Traditional site selection processes rely heavily on qualitative feedback and on-site visits, leading to inefficient resource allocation and increased risk of underperforming locations.
Solution
Spatic provides an AI-powered location intelligence platform that enables retailers to make data-driven decisions for site selection and expansion. The platform aggregates and analyzes over 1000 public, proprietary, and premium datasets, including demographics, human mobility patterns, shopping behavior, and real estate information. Spatic's AI models predict revenue and footfall for potential locations, identify untapped whitespace, and recommend sites similar to top-performing stores. Retailers can use Spatic Studio to analyze locations, Smart Locate to identify profitable sites, and Site Report to evaluate properties with customized metrics.
Target Audience
Spatic primarily serves retail brands, shopping malls, CPG companies, QSRs, restaurants, hospitality businesses, and real estate companies seeking data-driven insights for location selection and expansion.
Features
- AI-powered location analytics for identifying high-potential retail locations
- Predictive insights on revenue and footfall based on proprietary AI models
- Access to over 1000+ public, proprietary, and premium datasets
- Spatic Studio: All-in-one spatial analytics platform for competitor analysis and whitespace identification
- Smart Locate: AI-driven recommendations for identifying profitable locations
- Site Report: Comprehensive reports with 100+ attributes for evaluating properties
- Human mobility data collected through an SDK built in the mobile apps, aggregated at the trade area level to get meaningful insights without any personal identifiable information(PII)