In a press release, Vayyar Imaging Secures $ 10M Series E Financing, directed by Koch Disruptive Technologies, issued Jun 06-2022 Vayyar Imaging via PR Newswire, the headline should read “108 million” and not “10 million” because it was incorrectly uploaded by PR Newswire. The complete, corrected edition follows:
Vayyar Imaging secures $ 108 million in Series E financing, led by Koch Disruptive Technologies
A leading global supplier of 4D imaging radar systems is expanding its investor network based on new supply agreements and partnerships.
- Koch Disruptive Technologies (KDT) is a leader among existing investors and new investors in Gly Capital Management and Atreides Management LP.
- The funding follows a series of recent commercial successes by Vayyar, including deals with Amazon, Piaggio, HCH Ventures and others.
- The Israeli semiconductor company is a leading supplier of 4D imaging radar systems in the automotive and elderly care industry, producing low-cost sensors that can detect and locate in all conditions while maintaining privacy.
- The new financing will enable Vayyar to increase machine and deep learning capabilities, accelerate growth in industries such as public safety, medicine, robotics and retail, and expand its reach to additional geographies.
Tel Aviv, Israel, June 6, 2022 / PRNewswire / –Vayyar Imaging, the world leader in 4D imaging radar systems, announced today that it has closed its $ 108 million E-Series funding round led by Koch Disruptive Technologies (KDT). This brings the company’s total funding to over $ 300 million.
The new round includes supporters of Vayyar GLy Capital Management and Atreides ManagementLP for the first time, as well as existing KDT investors, Battery Ventures, Bessemer Ventures, More VC, Regal Four and Claltech. To contact investors in China Vayyar hired China International Capital Corporation Limited (CICC) as lead financial advisor.
Vayyar was founded with the vision of detecting breast cancer at an early stage using RF technology. Vayyar has since expanded into elderly care, automotive, retail, public safety and other industries. The company offers solutions based on its leading, proprietary system-on-chip software stack and groundbreaking machine learning algorithms.
In the automotive industry, Vayyar manufactures 4D imaging radar platforms that transform cab safety, in the Advanced Driver Assistance Systems (ADAS) and motorcycle (Advanced Rider Assistance Systems, ARAS) areas. The company’s ARAS platform is mass-produced for use on PiaggioGroup’s motorcycles and provides exceptional safety for the world’s most vulnerable road users. Vayyar also has supply contracts with car manufacturers Japan and Vietnam Completed and in advanced negotiation with almost all other OEMs and suppliers in both cabin and ADAS.
In the elderly care area, the company offers VayyarCare, a unique remote monitoring solution integrated with the world’s leading nurse call systems that protects the aging population by automatically detecting falls and analyzing predicted behavior. Vayyar recently signed a joint venture with Haier subsidiary HCHVentures, using its senior care technology to enter the 4 trillion yuan ($ 625 billion) “silver tech” market in China address. In addition, Vayyar has partnered with Amazon on a large scale to monitor health, safety and security remotely.
KDT is pleased to continue to support Vayyar’s vision of improving human health and safety on a global scale, “he said. Brett Chugg, Managing Director of KDT. 4D imaging technology is transforming the medical, smart home, elderly care and automotive markets here in United States and around the world. We look forward to accelerating their further development. “
With new offices open in five more territories, including Japan and ChinaVayyar will continue to expand its operations across multiple industries with a series of machine learning-enabled imaging solutions that will be integrated with world-leading solutions for intelligent building, robotics, retail, and public safety.
We look forward to continuing to expand our partnership with existing investors such as LTCs as well as additional supporters who are working with us for the first time. ” Raviv Melamedco-founder and CEO posted by VayyarImaging. In these difficult times for the world economy, this new round of financing is a clear support for our mission and a clear vote of confidence in the strength of our technology and the strategic agility of our company.
With a solid line of sales and a best-in-class patent portfolio, Vayyar will continue to strengthen its leadership position in key industries, expand into additional industries, and increase its physical presence in the Americas, EMEA, and East Asia regions.
About Koch Disruptive Technologies
Koch Disruptive Technologies (KDT) is a unique investment firm that works with entrepreneurial principles to build transformative businesses. LTCs offer a flexible, multi-level investment approach. KDT works with companies that can help Koch transform his skills, transform existing businesses, or expand to new platforms. KDT is a subsidiary of KochIndustries, one of the largest private companies in the world with estimated sales in excess of $ 125 billion and operating in more than 70 countries. LTCs help its partners realize their full potential by providing them with the full capabilities and the Koch network, constructing unique capital solutions and adopting a long-term approach to mutual benefits.
About Vayyar Imaging
Vayyar, a leader in radar chip based 4D imaging technology, offers the world’s most advanced radar-on-chip platforms to capture life’s most important data without compromising privacy. The company’s solutions are used in the elderly care, automotive industry, security and smart home applications, robotics and many other areas. Vayyar’s mission is to develop a new generation of sensor technology, a miniature technique that, due to its affordable price and versatility, affects everyone’s life and makes the world a safer place.