The world leader in 4D radar expands its investor network with new supply contracts and partnerships.
- Koch Disruptive Technologies (KDT) leads a group of existing investors as well as new sponsors GLy Capital Management and Atreides Management LP.
- The funding reflects a number of Vayyar’s recent business successes, including deals with Amazon, Piaggio, HCH Ventures and others.
- The Israeli semiconductor company is a leading supplier of 4D radars to the automotive and elderly care industries, producing affordable sensors that provide detection and tracking in all conditions while guaranteeing privacy at all times.
- The new funding will enable Vayyar to expand its machine learning and deep learning capabilities, accelerate growth in areas such as public safety, medical, robotics and retail, and expand its presence in other regions.
TEL AVIVIsrael, June 6, 2022 /PRNewswire/ — Vayyar Imaging, a global leader in 4D imaging radar, today announced the completion of a $108 million Series E funding round led by Kochruptive Technologies (KDT), bringing the company’s total funding to more than 300 million dollars.
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This new round includes new backers Vayyar GLy Capital Management and Atreides Management LP, as well as existing investors including KDT, Battery Ventures, Bessemer Ventures, More VC, Regal Four and Claltech. To find investors in China, Vaillard hired China International Capital Corporation Limited (CICC) as his chief financial advisor.
Founded with the goal of early detection of breast cancer using RF technology, Vayyar has since expanded into aged care, automotive, retail, public safety and other industries. The company offers solutions based on a state-of-the-art system-on-a-chip, proprietary software suite, and advanced machine learning algorithms.
In the automotive field, Vayyar manufactures 4D radar platforms that are transforming safety in the interior, ADAS and motorcycle (ARAS) fields. Platform ARAS is mass-produced for use on Piaggio Group motorcycles, providing exceptional safety for the world’s most dangerous road users. Vayyar has also entered into supply contracts with Japanese and Vietnamese automakers and has entered into extended negotiations with almost every other OEM and supplier of both on-board systems and ADAS systems.
In the field of elderly care, the company offers Vayyar Care, a unique remote monitoring solution integrated with the world’s leading nurse call systems that protects the aging population with automatic fall detection and behavioral predictive data. Vayyar recently signed a joint venture agreement with HCH Ventures, a subsidiary of Haier, to leverage its elderly care technology to operate in China’s 4 trillion yuan ($625 billion) silver technology market. Vayyar has also established a large-scale partnership with Amazon for remote health and safety monitoring.
“KDT is thrilled to help realize Vaillard’s vision of improving the health and safety of people around the world,” he said. Brett Chugg, General Director of KDT. “Their 4D imaging technology is transforming the medical, smart home, aged care and automotive markets here in the US and around the world. We hope to help accelerate their continued growth. »
After opening new offices in five additional territories, including Japan and China, Vayyar will continue to expand its business across multiple verticals and will introduce a family of machine learning-based imaging solutions under development. retail and public safety solutions.
“We are delighted and proud to be developing our partnership with existing investors, including KDT, as well as additional sponsors who are partnering with us for the first time,” it said in a statement. Raviv Melamed, co-founder and CEO of Vayyar Imaging. “At this challenging time for the global economy, this new round of funding is a strong confirmation of our mission and a clear expression of confidence in the strength of our technology and the strategic agility of our organization. »
With a strong sales channel and world-class patent portfolio, Vayyar will continue to strengthen its leadership position in key verticals, expand its presence in other industries, and strengthen its physical footprint in America. EuropeMiddle East and Africa and asian out ballast.
About Koch’s breakthrough technologies
Koch Disruptive Technologies (KDT) is a one-of-a-kind investment firm that partners with principled entrepreneurs who create innovative businesses. KDT offers a flexible, multi-stage investment approach. KDT works with companies that can help Koch transform its capabilities, change an existing business, or enter new platforms. KDT is a subsidiary of Koch Industries, one of the largest private companies in the world, with an estimated turnover of over $125 billion and a presence in over 70 countries. KDT helps partners reach their full potential by empowering them with the full power and network of Koch, structuring unique investment solutions, and focusing on long-term mutual benefit.
About Vayyar Imaging
Vayyar, a global leader in 4D imaging radar, offers the world’s most advanced radar platforms on a chip to collect vital data, provide solutions for elderly care, automobiles, security, connected homes, robotics and more, while maintaining confidentiality. Vayyar’s mission is to provide the next generation of sensor technology that is small, affordable, and versatile enough to impact everyone’s lives and make the world a safer place.
Meeting at vayyar.com know more.
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