Image sensor startup Vayyar gets $108M to expand its capabilities

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vaillardcompany developing sensor technologies for radar imaging, 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 fundraising to over $300 million, which CEO Raviv Melamed says is channeling vertical expansion and a “family” of machine learning-based sensor solutions for robotics, retail, public safety, and smart building products. .

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“We are excited and proud to develop our partnerships with existing investors, including KDT, as well as additional sponsors who are joining forces with us for the first time,” Melamed said in a statement. “At a challenging time for the global economy, this new round of funding is a strong confirmation of our mission and a clear expression of confidence in the strength of our technology and the strategic agility of our organization.”

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Vayyar, founded in 2011 by Miri Ratner, Naftali Chayat and Melamed, who was formerly a vice president of the Intel Architectural Group, has developed its sensor technology to provide an alternative means of early-stage breast cancer screening. Using MIMO antennas, abbreviated as “multiple input, multiple output”, Vayyar products can provide high-resolution environmental mapping by sending and receiving signals from dozens of antennas.

Vayyar later expanded its radar-on-a-chip technology from medical technology to a number of other sectors, including automotive, aged care, retail, smart home and commercial real estate. Vayyar sells Vayyar Care, a fall detection system for monitoring people at increased risk of trips and falls in bedrooms, bathrooms and other living areas. In the automotive industry, Vayyar provides solutions for collision warning, parking assistance, adaptive cruise control, seat belt detection, and automatic shutdown. And in construction, Vayyar offers a portable sensor called Walabot to detect leaking pipes behind walls.

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Vayyar competes with Entropix, Photonic Vision, Noitom Technology, Aquifi, and ADI, among others, who offer their own MIMO-based sensor options. But the company has long argued that its software and algorithms set it apart from the competition. Apparently they were impressive enough to convince Amazon to partner with Vayyar to find the crashes. Alexa togethera subscription service that remotely monitors and assists family members in their homes.

In recent years, Vayyar has established relationships with brands such as the Piaggio Group, which will use Vayyar sensors on their future motorcycles. The company also claims it has supply contracts with automakers in Japan and Vietnam, as well as a joint venture agreement with Haier subsidiary HCH Ventures to use the latest “elderly care technology” in Chinese companies.

In particular, signaling its ambitions in the Asia-Pacific market, Vayyar noted in a press release that it has engaged China International Capital Corporation Limited, a Beijing-based investment firm, as its lead Series E financial advisor, apparently to “support work with investors in China. “. (One of Vayyar’s new offices is in China.) Somewhat unusually, Vayyar’s E series ended up just behind the Seres D, which totaled $109 million. It’s not clear if the estimate has changed – TechCrunch for the last time informed that Vaillard was valued “north” of $600 million.

We’ve reached out to Vaillard for more information and will update this post if we get a response.


Credit: techcrunch.com /

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