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Vayyar Imaging announced that it brought in $108 million in Series E funding. It plans to use the funding to enhance its machine and deep learning capabilities, accelerate growth across new verticals and extend its reach to additional geographical locations.
Koch Disruptive Technologies (KDT) led the funding round. KDT also led the company’s Series D funding round, which brought in $109 million. Other previous investors, like Battery Ventures, Bessemer Ventures, More VC, Regal Four and Claltech, also participated. The round included new investors GLy Capital Management and Atreides Management LP as well.
“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.”
Vayyar offers radar-on-chip platforms for autonomous robot navigation and human-robot collaboration, among a number of other industries, like senior care, automotive, retail and public safety.
The company’s 4D imaging radar technology, which involves 3D images plus time, monitors, classifies and maps obstacles in a robot’s surroundings. The platform helps robots accurately detect the presence of people around them, and avoid safety incidents.
Vayyar’s technology works in cluttered environments with low or direct lighting, and can see through steam and smoke.
“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 Melamed, co-founder and CEO of Vayyar Imaging. “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.”
Vayyar is based in Israel and was founded in 2010. The company’s mission is to deliver the next generation of sensing technology that is miniature, affordable and versatile.