Funding for Mapping Company Fuels Expansion

Eisenberg says the algorithm crunches through 15,000 retail location factors.

AUSTIN, TX—Founded in 2014, IdealSpot Inc., headquartered in Austin, TX, is a technology company specializing in software for the commercial real estate and retail industries. The mapping and analysis company has raised $1 million from several angel investors and venture capital led by ATX Seed Ventures to fuel its initial launch and national market expansion.

Bryan Eisenberg, CMO of IdealSpot tells GlobeSt.com: “Our machine learning algorithm offers retailers access to data and insights that were never available before. When a chain of fast casual restaurants was struggling with one of its locations it was our customer location targeting analysis that showed that there was little to no interest in their business category at this location. We found that by analyzing search, social media and spending patterns. Our algorithm is also crunching through 15,000 factors when the typical retailer may look at 20 to 30.”