LocateAI utilizes geospatial data and machine learning algorithms to identify optimal retail locations for brands, enhancing site selection accuracy. By providing data-driven insights, the platform enables clients to achieve 15% higher sales after leasing, addressing inefficiencies in the traditional real estate process.
Funding
$4.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Retail brands often struggle with inefficient site selection processes, leading to suboptimal locations and reduced sales. Traditional real estate methods lack the data-driven insights needed to accurately predict performance and identify key drivers for success. This results in missed opportunities and increased risk for expansion.
Solution
LocateAI offers an AI-native retail real estate solution that leverages geospatial data and machine learning to optimize site selection. The platform identifies specific drivers unique to each business using AI models and mobile data, enabling brands to review the best deals based on data and local market knowledge. By stress-testing potential leases, LocateAI ensures accuracy and confidence in opening high-performing sites. This data-driven approach helps retailers make informed decisions, minimize risk, and maximize sales potential.
Target Audience
LocateAI primarily serves retail brands, landlords, and brokers seeking data-driven insights to optimize retail site selection and improve sales performance.
Features
- AI-powered models to identify key performance drivers specific to each retail brand
- Geospatial data analysis to evaluate market potential and competition
- Mobile data integration to understand customer behavior and traffic patterns
- Predictive analytics to forecast sales performance at potential locations
- Real estate deal sourcing based on data-driven insights
- Lease stress-testing to ensure financial viability and minimize risk
- Customized software platform tailored to individual brand requirements