PR96306

TEL AVIV, Israel, June 6, 2022 /PRNewswire=KYODO JBN/ --

Global leader in 4D imaging radar expands investor network on the back of new

supply contracts and partnerships.

- Koch Disruptive Technologies (KDT) helms group of existing investors as well

as new backers GLy Capital Management and Atreides Management LP.

- Funding reflects string of recent commercial successes for Vayyar, including

deals with Amazon, Piaggio, HCH Ventures and more.

- Israeli semiconductor company is a leading 4D imaging radar supplier in the

automotive and senior care sectors, producing affordable sensors that provide

detection and tracking in all conditions, while ensuring privacy at all times.

- New funding will allow Vayyar to enhance its Machine and Deep Learning

capabilities, accelerate growth across verticals including public safety,

medical, robotics and retail, and extend its reach to additional geos.

Vayyar Imaging, a global leader in 4D imaging radar, today announced that it

has finalized a USD 108 million Series E financing round led by Koch Disruptive

Technologies (KDT), bringing the company's total funding to over USD 300

million.

The new round includes first-time Vayyar backers GLy Capital Management and

Atreides Management LP, alongside existing investors including KDT, Battery

Ventures, Bessemer Ventures, More VC, Regal Four, and Claltech. To support

investor outreach in China, Vayyar engaged China International Capital

Corporation Limited (CICC) as its lead financial adviser.

Founded with a vision of detecting early-stage breast cancer using RF

technology, Vayyar has since expanded its business into senior care,

automotive, retail, public safety and other industries. The company provides

solutions powered by its leading-edge system-on-chip, proprietary software

stack, and breakthrough Machine Learning algorithms.

In the automotive space, Vayyar manufactures 4D imaging radar-based platforms

that transform safety across the in-cabin, ADAS and motorcycle (ARAS) domains.

The company's ARAS platform is in mass production for deployment on Piaggio

Group's motorbikes, providing exceptional safety for the world's most at-risk

road users. Vayyar has also secured supply contracts with automakers from Japan

and Vietnam and is in advanced engagements with almost every other OEM and

supplier for both in-cabin and ADAS.

In senior care, the company offers Vayyar Care, a unique remote monitoring

solution, integrated with the world's leading nurse call systems, that protects

the aging population with automatic fall detection and data that drives

predictive behavioral analytics. Vayyar recently signed a Joint Venture

agreement with Haier subsidiary HCH Ventures, leveraging its senior care

technology to address the 4 trillion yuan (625B USD) "silver tech" market in

China. Vayyar has also established a large-scale partnership with Amazon for

remote health, safety and security monitoring.

"KDT is excited to help further Vayyar's vision to improve the health and

safety of people's lives at a global scale," said Brett Chugg, senior managing

director of KDT. "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."

After opening new offices in five additional territories, including Japan and

China, Vayyar will continue to expand its activities across numerous verticals

and introduce a family of Machine Learning-enabled imaging solutions that are

being integrated with the world's leading smart building, robotics, retail and

public safety solutions.

"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," said Raviv Melamed, co-founder and CEO of Vayyar Imaging.

"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."

With a strong sales pipeline and a world-class patent portfolio, Vayyar will

continue cementing its leadership in core verticals, expanding its activities

in additional industries, and increasing its physical presence across the

Americas, EMEA and East Asia.

About Koch Disruptive Technologies

Koch Disruptive Technologies (KDT) is a unique investment firm, partnering with

principled entrepreneurs who are building transformative companies. KDT

provides a flexible, multi-stage investment approach. KDT works with companies

that can help Koch transform its capabilities, disrupt existing businesses or

expand into new platforms. KDT is a subsidiary of Koch Industries, one of the

largest privately held companies in the world, with estimated revenues

exceeding $125 billion and presence in over 70 countries. KDT helps its

partners unlock their full potential by bringing Koch's full capabilities and

network to them, structuring unique capital solutions and embracing a

long-term, mutual benefit mindset.

About Vayyar Imaging

Vayyar, the global leader in 4D imaging radar, supplies the world's most

advanced radar-on-chip platforms to gather life's essential data, providing

solutions for senior care, automotive, security, smart home, robotics, and

more, while maintaining privacy at all times. Vayyar's mission is to deliver

the next generation of sensing technology that is miniature, affordable, and

versatile enough to impact everyone's lives, enabling a safer world.

Visit vayyar.com to learn more.

Video - https://mma.prnewswire.com/media/1831083/Vayyar_Series_E.mp4

Source:  Vayyar Imaging