Israel's Vayyar Imaging has finalized a $108 million Series E financing round led by Koch Disruptive Technologies (KDT), the company announced Monday.
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This figure represents the first closing of a two-stage funding round, with the second closing scheduled for late July, bringing Vayyar's total funding to over $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.
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."
