The 4D imaging radar company, Vayyar Imaging finalises a $108 million Series E funding round led by Koch Disruptive Technologies (KDT). This brings the total funding raises by the Israeli semiconductor company to over $300 million.
The new round of investment also saw participation from new investors GLy Capital Management and Atreides Management LP. Existing investors Battery Ventures, Bessemer Ventures, More VC, Regal Four, and Claltech also contributed to this round. Vayyar also engaged China International Capital Corporation Limited as its lead financial adviser.
Founded in 2020 by Raviv Melamed (CEO), Miri Ratner (VP R&D), and Naftali Chayat (CTO), Vayyar came into existence with the vision of detecting early-stage breast cancer using RF technology. Since then, the startup has expanded its business into senior care, automotive, retail, public safety and other industries. Today the company offers one of the most advanced 4D imaging radar-on-chip. It provides solutions powered by its leading-edge system-on-chip, proprietary software stack, and breakthrough ML algorithms.
For the automotive industry, Vayyar manufactures 4D imaging radar-based platforms that alter safety across the in-cabin, ADAS and motorcycle (ARAS) domains, which is in mass production for deployment on Piaggio Group’s motorbikes. The company has also secured supply contracts with automakers from Japan and Vietnam and is in advanced engagements with almost every other OEM and supplier for both in-cabin and ADAS.
In senior care, the company offers Vayyar Care, a unique remote monitoring solution, integrated with the world’s leading nurse call systems, that protects the aging population with automatic fall detection and data that drives predictive behavioral analytics. Vayyar recently signed a Joint Venture agreement with Haier subsidiary HCH Ventures, leveraging its senior care technology to address the 4 trillion yuan (625B USD) “silver tech” market in China. Vayyar has also established a large-scale partnership with Amazon for remote health, safety and security monitoring.
“KDT is excited to help further Vayyar’s vision to improve the health and safety of people’s lives at a global scale,” said Brett Chugg, senior managing director of KDT. “Their 4D imaging technology is transforming the medical, smart home, elderly care, and automotive markets here in the U.S. and around the world. We look forward to helping accelerate their continued growth.”
After opening new offices in five additional territories, including Japan and China, Vayyar will continue to expand its activities across numerous verticals and introduce a family of Machine Learning-enabled imaging solutions that are being integrated with the world’s leading smart building, robotics, retail and public safety solutions.
“We are pleased and proud to progress our partnership with existing investors including KDT, as well as additional backers which are joining forces with us for the first time,” said Raviv. “During a challenging period for the global economy, this new funding round is a ringing endorsement of our mission and a clear vote of confidence in the strength of our technology and the strategic agility of our organization.”
With a strong sales pipeline and a world-class patent portfolio, Vayyar will continue cementing its leadership in core verticals, expanding its activities in additional industries, and increasing its physical presence across the Americas, EMEA and East Asia.
