Vayyar Imaging, a Tel Aviv, Israel-based global leader in 4D imaging radar, raised USD 108m in Series E financing.
The round, which brought total funding to over USD 300m, was led by Koch Disruptive Technologies (KDT) with participation from GLy Capital Management and Atreides Management LP, and existing investors including KDT, Battery Ventures, Bessemer Ventures, More VC, Regal Four, and Claltech.
The company intends to use the funds to enhance its Machine and Deep Learning capabilities, accelerate growth across verticals including public safety, medical, robotics and retail, and extend its reach to additional geos.
Led by Raviv Melamed, co-founder and CEO, Vayyar is a global leader in 4D imaging radar, which supplies advanced radar-on-chip platforms to gather life’s essential data, providing solutions for senior care, automotive, security, smart home, robotics, and more, while maintaining privacy at all times. Founded with a vision of detecting early-stage breast cancer using RF technology, the company has since expanded its business into senior care, automotive, retail, public safety and other industries.
In senior care, the company offers Vayyar Care, a remote monitoring solution, integrated with 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.
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.