Vayyar Imaging secures $108m in Series E investment funding
Global leader in 4D imaging radar, Vayyar Imaging, has finalised a USD 108m Series E financing round led by Koch Disruptive Technologies (KDT).
The new backing brings Vayyar’s total funding to over USD 300m. Originally founded with a vision of detecting early-stage breast cancer using RF technology, Vayyar has since expanded into senior care, automotive, retail, and public safety, providing solutions via its machine-learning algorithms.
In senior care, the company offers Vayyar Care, a remote monitoring solution integrated with leading nurse call systems that is designed to protect an aging population with automatic fall detection and data-driven predictive behavioural analytics. Vayyar recently signed a deal with Haier subsidiary HCH Ventures, leveraging its senior care tech to address the 4 trillion yuan (USD 625bn) ‘silver tech’ market in China. Vayyar has also established a partnership with Amazon for remote health, safety, and security monitoring.
Raviv Melamed, co-founder and CEO of Vayyar Imaging, said: "We are pleased and proud to progress our partnership with existing investors including KDT, as well as additional backers which are joining forces with us for the first time. During a challenging period for the global economy, this new funding round is a ringing endorsement of our mission and a clear vote of confidence in the strength of our technology and the strategic agility of our organization.”
Brett Chugg, senior managing director of KDT, said: "KDT is excited to help further Vayyar’s vision to improve the health and safety of people’s lives at a global scale. Their 4D imaging technology is transforming the medical, smart home, elderly care, and automotive markets here in the U.S. and around the world. We look forward to helping accelerate their continued growth.”