Vayyar Imaging Secures $109M Series D Funding to Advance Next-Gen Miniature 4D Radar Sensors

VCBeat (WeChat ID: vcbeat) has learned that on November 20, 2019, Vayyar Imaging (“Vayyar”) announced the completion of a $109 million Series D financing round. The round was led by Koch Disruptive Technologies (KDT), with participation from Regal Four and existing investors, including Battery Ventures, Bessemer Ventures, ICV, ITI, Walden Riverwood, and Claltech.

This round of financing will be used to further advance the research and development of Vayyar’s core technologies, expand its global influence, and enhance the quality of its services in key industries and regions.

Vayyar, founded in 2011, is a leading Israeli company specializing in 4D radar imaging sensor technology. As a global leader in 4D radar imaging, Vayyar provides highly advanced smart sensors to numerous industries, including healthcare (such as breast cancer screening), automotive, robotics, smart homes, and retail. The company’s sensors can penetrate walls and objects, tracking and mapping all activity within the environment in real time. Unlike other products that rely on cameras and optical components, Vayyar’s sensors do not collect any optical data, thereby safeguarding user privacy.

In the field of medical diagnostics, Vayyar’s 4D radar imaging sensor can be used for early breast cancer detection. The sensor completes 4D imaging through breast tissue within 5 seconds to identify tumors. It is a low-cost, non-ionizing, painless, handheld device.

Vayyar’s most advanced chips cover imaging and radar bands from 3 to 81 GHz, with each chip integrating up to 72 transceivers and a high-performance DSP. Vayyar’s multi-antenna sensors deliver unprecedented accuracy, enabling high-resolution 4D point cloud imaging. The company’s sensors operate reliably under any environmental conditions, unaffected by line-of-sight constraints, lighting, or weather. In 2018, Vayyar was named a Technology Pioneer by the World Economic Forum.

Chase Koch, President of KDT, stated, “KDT is pleased to partner with Vayyar to help accelerate the realization of its vision to deliver transformative products that improve health, safety, and quality of life. Backed by a strong base of existing investors, Vayyar will achieve accelerated growth on a global scale.”

Chase Koch added, “As technology continues to permeate every aspect of society, the development of imaging sensors is crucial. We see tremendous potential in combining Vayyar’s innovative technology and team with KDT.”

Ray Melamed, Co-founder, CEO, and Chairman of Vayyar, stated, “As we move our business forward, we are delighted to partner with KDT and other companies. KDT’s corporate culture and market leadership across multiple industries can help Vayyar accelerate its growth. With this new round of financing, we will continue to develop next-generation sensing technology that is miniaturized, affordably priced, and versatile, thereby benefiting everyone’s lives.”

KDT, a venture capital firm established in 2017 and headquartered in Kansas, USA, is a subsidiary of Koch Industries. As one of the largest privately held companies globally, Koch Industries generates $110 billion in revenue and operates in more than 50 countries.

(Compiled by Jiang Ying)