Israel’s Vayyar Imaging, a leader in 4D imaging radar, has finalised a USD 108 million Series E financing round led by Koch Disruptive Technologies (KDT), bringing the company’s total funding to over USD 300 million. The company provides solutions powered by its system-on-chip, proprietary software stack, and Machine Learning algorithms.
In the automotive space, Vayyar manufactures 4D imaging radar-based platforms that transform safety across the in-cabin, ADAS and motorcycle (ARAS) domains.
The Tel Aviv-based company’s ARAS platform is in mass production for deployment on Piaggio Group’s motorbikes.
It 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.
Vayyar is aiming to expand its activities in additional industries, and increasing its physical presence across the Americas, EMEA and East Asia.
Raviv Melamed, co-founder and CEO of Vayyar Imaging, says: “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. 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.”
“KDT is excited to help further Vayyar’s vision to improve the health and safety of people’s lives at a global scale,” adds 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‘s mission is to deliver the next generation of sensing technology that is miniature, affordable, and versatile enough to impact everyone’s lives, enabling a safer world.