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The group had its beginnings in health care, but has expanded to retail, automotive and more
June 13, 2022
Israeli radar imaging sensor startup Vayyar has raised $108 million in its latest series E funding round – bringing the group’s total funding to date to more than $300 million.
The latest round was led by Koch Disruptive Technologies alongside existing investors including Battery Ventures, KDT and Regal VC, as well as new investors GLy Capital Management and Atreides Management LP.
Vayyar’s solution was initially developed to detect early-stage breast cancer using radio frequency (RF) technology. Harnessing multiple input, multiple output (MIMO) antennas, Vayyar’s system creates high-resolution mapping of an object by sending and receiving signals from a multi array of antennas.
Now, the group has expanded its sensor pipeline to include tracking and detection capabilities, with applications in the senior care, automotive and retail industries – to name a few.
“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 US and around the world. We look forward to helping accelerate their continued growth.”
Vayyar already made a name for itself in the market; having entered into partnerships with majors including Amazon, Piaggio and HCH Ventures for its detection sensors. The group will use the new funding round to expand its operations, with sights set on markets in the Americas, EMEA and East Asia, and plans underway for a new family of Machine Learning-enabled imaging solutions for integration with smart building, robotics, retail and public safety solutions.
Assistant Editor, IoT World Today
Scarlett Evans is the assistant editor for IoT World Today, with a particular focus on robotics and smart city technologies. Scarlett has previous experience in minerals and resources with Mine Australia, Mine Technology and Power Technology. She joined Informa in April 2022.
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