Vayyar Imaging Raised $45 Million for Novell 3D Sensor
15 December, 2017
Vayyar's sensors create a 3D image of everything happening around you in realtime, without the use of a camera. These sensors can see through solid objects
Vayyar Imaging announced it has closed a $45 million financing round co-led by Walden Riverwood and ITI, that is bringing total capital raised to date to $79 million USD. Vayyar will use the funds to expand into new industries and diversify its sensing product. Actually, Vayyar is a Radar company. But its Radar is so small that it is a radar in a chip, or as the company call it, A 3D Sensor.
Founded in 2011 and located in Tel-Aviv, Israel, Vayyar’s sensors create a 3D image of everything happening around you in realtime, without the use of a camera. These sensors can see through solid objects, map large areas and can be used in privacy-sensitive locations where optics cannot. Raviv Melamed, co-founder, CEO, and Chairman of Vayyar, said: “We currently work in collaboration with industry-leading companies to create applications that address some of their toughest challenges. The target of this round is to allow us to grow faster than before.”
Vayyar’s sensor is comprised of a unique chip which supports dozens of transceivers that transmit on wide and flexible frequency bands. These characteristics enable it to receive, analyze, and create high-resolution 3D images. The company was originally started with the goal of using radio wave imaging technology to see into human tissue to detect early stage breast cancer. Melamed: “The aim was to make screening much more accessible and affordable by creating a portable, inexpensive screening device.
“While developing this, the team discovered that this same technology could be applied across many different industries. With that promise, we raised our first round. We know work with top tier fortune 500 companies in each of our major verticals: smart home, automotive, robotics, retail, and testing equipment.”
Lip-Bu Tan, Chairman of Walden International and Managing Director of WRV, said that Vayyar’s technology has disruptive potential across a myriad of different industries. Vayyar will demonstrate its latest automotive and smart home sensors, which provide 360 indoor and outdoor sensing, at the 2018 Consumer Electronics Show in Las Vegas, January 9-12.