Vayyar is an Arc Venture portfolio company since 2017. The official press release for this announcement can be found on Vayyar’s website.
TEL AVIV, Israel – [November 20, 2019] – Vayyar Imaging, the global leader in 4D radar imaging sensor technology, today announced it closed a $109 million Series D financing round. The new round is led by Koch Disruptive Technologies (Koch), with Regal Four and all existing investors including Battery Ventures, Bessemer Ventures, ICV, ITI, WRVI Capital, Claltech, bringing the total capital raised to-date to $188 million USD. Vayyar will use the funds to further enhance its core technology, evolve its global footprint, and expand its offerings in key industries.
Raviv Melamed, co-founder, CEO, and Chairman of Vayyar, said: “We are excited to partner with Koch and Regal Four as we drive our business forward. Koch’s entrepreneurial culture and market leadership in multiple industries can help accelerate Vayyar’s growth much faster than we did before. With this new funding round, we will continue to create the next generation of sensing technology that is miniature, affordable and versatile enough to impact everyone’s lives.
“Advancements in imaging sensors are vital as technology continues to disrupt all aspects of society,” said Chase Koch, president of Koch Disruptive Technologies. “We see incredible potential in combining Vayyar’s innovative technology and principled leadership team with Koch’s global reach and capabilities to create breakthroughs in a wide range of industries.”
Vayyar Imaging is a global leader in 4D radar imaging technology, providing highly advanced intelligent sensors to a wide variety of industries including automotive, smart home, robotics, retail and medical. The company’s sensors can see through walls and objects and track and map everything happening in an environment in real time. Unlike other products that rely on cameras and optics, Vayyar’s sensors do not collect any optic data, protecting users’ privacy at all times.
Utilizing a state-of-the-art embedded chip and advanced imaging algorithms, Vayyar’s mission is to help people worldwide improve their health, safety and quality of life using mobile, low-cost 4D intelligent imaging sensors. In 2018, Vayyar Imaging was named a Technology Pioneer with the potential to transform society and industry by the World Economic Forum. Visit vayyar.com to learn more.
About Vayyar Imaging
Vayyar Imaging is a global leader in 4D radar imaging technology, providing affordable, highly advanced sensors to a wide variety of industries. With applications in the automotive, smart home, robotics, retail, RF testing and medical sectors, Vayyar’s intelligent sensors can see through walls and objects, map environments, and track movements in real-time. Its state-of-the-art chip covers imaging and radar bands from 3-81Ghz, with up to 72 transceivers in each chip and an integrated high-performance DSP. Vayyar’s multi-antenna sensor produces unprecedented levels of accuracy, enabling high-resolution 4D point-cloud images. Vayyar’s sensors can work in any environmental condition, unaffected by line-of-sight, lighting or weather conditions. Vayyar is developing the next generation of sensing technology that is miniature, affordable and versatile enough to impact everyone’s lives. Welcome to a world where intelligent sensing is part of the everyday.
About Koch Disruptive Technologies
Koch Disruptive Technologies, LLC (KDT) is a unique investment firm, partnering with principled entrepreneurs who are building transformative companies. KDT is a subsidiary of Koch Industries, Inc., one of the largest privately-held companies in America with over $110 billion in annual revenues, according to Forbes. KDT provides a flexible, multi-stage investment approach, and works with companies that can help Koch transform its capabilities, disrupt existing businesses, or expand into new platforms. KDT helps its partners unlock their full potential by bringing Koch’s full capabilities and network to them, structuring unique capital solutions and embracing a long-term, mutual benefit mindset. For more information about KDT, please see https://www.kochind.com/companies/koch-disruptive-technologies.
Media Contact
Vayyar:
Sarah Small
Sarah@headline.media
Koch Disruptive Technologies:
Rob Carlton
Rob.Carlton@KochCM.com