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Imaging Sensor Startup Vayyar Lands $108M To Fuel Expansion

Jun 06, 2022•over 3 years ago

Amount Raised

$108 Million

Description

Vayyar, a company developing radar-imaging sensor technologies, today announced that it raised $108 million in a Series E round led by Koch Disruptive Technologies with participation from GLy Capital Management, Atreides Management LP, KDT, Battery Ventures, Bessemer Ventures, More VC, Regal Four, and Claltech. The round brings Vayyar’s total raised to over $300 million, which CEO Raviv Melamed said is being put toward expanding across verticals and introducing a “family” of machine learning-powered sensor solutions for robotics, retail, public safety, and “smart” building products.

Company Information

Company

Vayyar

About

But the company has long asserted that its software and algorithms set it apart from the competition. The company also claims to have supply contracts with automakers from Japan and Vietnam as well as a join venture agreement with Haier subsidiary HCH Ventures to leverage the latter’s “senior care technology” in China-based businesses. Founded in 2011 by Miri Ratner, Naftali Chayat, and Melamed, who was previously VP of Intel’s architecture group, Vayyar initially developed its sensor technology to provide an alternative means of screening for early-stage breast cancer. And in construction, Vayyar provides a handheld sensor called Walabot for detecting leaky pipes behind walls. It’s unclear whether the valuation has changed — TechCrunch last reported that Vayyar was valued “north” of $600 million.

Funding Insights

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