Israeli 4D Imaging Startup Vayyar Imaging Secures $108M in Series E Funding
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Israel’s Vayyar Imaging, a leader in 4D imaging radars, has completed a $108 million Series E funding round led by Koch Disruptive Technologies (KDT), bringing the company’s total funding to more than $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 are transforming safety in the cabin, ADAS and motorcycle (ARAS) domains.
The Tel Aviv-based company’s ARAS platform is in mass production for deployment on Piaggio Group motorcycles.
It has also secured supply contracts with car manufacturers from Japan and Vietnam and is in advanced engagements with nearly every other OEM and supplier for both in-cab and ADAS.
Vayyar aims to expand its business into other industries and increase its physical presence across the Americas, EMEA and East Asia.
Raviv Melamed, co-founder and CEO of Vayyar Imaging, said, “We are delighted and proud to advance our partnership with existing investors, including KDT, as well as other funders who are partnering with us to the first time. During a challenging time for the global economy, this new round of funding is a resounding 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 thrilled to help further Vayyar’s vision of improving the health and safety of people’s lives globally,” adds Brett Chugg, CEO of KDT. “Their 4D imaging technology is transforming the medical, smart home, elderly care and automotive markets here in the United States 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 life, enabling a safer world.