Vayyar Imaging, a 4D radar imaging sensor technology company, recently raised a $109 million Series D financing round. Koch Disruptive Technologies led this new round with Regal Four and all existing investors, including Battery Ventures, Bessemer Ventures, ICV, ITI, Walden Riverwood, and Claltech.
Israel-based Vayyar aims to use this round’s funds to further enhance its core technology, evolve its global footprint, and expand its offerings in key industries and geographies.
For the unfamiliar, Vayyar provides highly advanced intelligent sensors to a wide variety of industries including medical, automotive, robotics, smart home, and retail. The company’s sensors can see through walls and objects, and track and map everything happening in an environment in real-time. Its sensors do not collect any optic data, protecting users’ privacy.
“We are excited to partner with KDT and Robert and Adam Beren (Regal Four) as we drive our business forward. KDT’s entrepreneurial culture and market leadership in multiple industries can help a startup like Vayyar to grow much faster than we did before,” said Raviv Melamed, co-founder, CEO, and Chairman of Vayyar. “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.
Source: Press Release