# LocateAI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/locateai

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.locate.ai
- Latest round: Seed (Aug 11, 2014)
- Investors on record: 2

## About

LocateAI Inc. is a tech-enabled retail real estate brokerage that specializes in providing advanced leasing solutions for brands seeking optimal retail locations through data-driven insights.Founded in 2014 in San Francisco, US, LocateAI Inc. focuses on leveraging artificial intelligence and mobile data analytics for retail real estate solutions. The company has executed 2 deals, with the most recent funding round occurring on October 4, 2018, where it raised USD 4.2 mn from investors including 8VC, Half Court Ventures, and MetaProp NYC. The founders are Peter Hu and Stephen Quinonez, with Joe Lee serving as CEO.LocateAI provides comprehensive leasing solutions for retailers, landlords, and brokers, utilizing advanced AI models and mobile data analytics. Their offerings include identifying unique business drivers and recommending optimal sites for franchise expansion, specifically targeting competitive markets across the United States, including California, Texas, and New York.The company operates on a direct-to-business model, generating revenue primarily from transaction fees associated with lease agreements and potential subscription models for their proprietary software. This structure supports retailers in optimizing their site selection strategies, which is critical for expanding their market presence.Following the October 2018 funding round of USD 4.2 mn, LocateAI Inc. plans to enhance its product offerings and expand into new geographic regions. Specific markets targeted for this expansion have not been disclosed, but the company aims to leverage its recent funding to support these initiatives and enhance its technology platform.

## Funding rounds

- Seed, Aug 11, 2014 — Techstars, Right Side Capital Management

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Right Side Capital Management (https://capitalatlas.ai/funds/right-side-capital-management) — Seed