CEO Raviv Melamed, a former VP at Intel, co-founded Vayyar Imaging in 2011. The Tel Aviv-area company announced Wednesday that it has secured $109 million in Series D funding led by Koch Disruptive Technologies. Regal Four, Battery Ventures and Bessemer Venture Partners also participated in the financing, among others.
Vayyar's technology uses embedded chips and imaging algorithms to generate high-resolution 4D radar images, track vital signs, and detect obstacles and movements. The company claims its sensors do not collect any optic data to maintain user privacy.
For the tracking of movement around the house, like if an elderly person were to fall in the bedroom or the bathroom, Melamed explained that Vayyar's products are small enough to conceal and make people forget about them—unlike wearables like a pendant or bracelet, which can make some users feel uncomfortable.
"There's no real competitor to our chip," he said. "It's much smaller and more advanced than what's out there in the market."
In August, the company launched a sensor geared toward saving children from vehicular heatstroke by monitoring the inside of the car. Vayyar plans to customize the sensors to meet country-specific needs of car manufacturers. The move comes as child presence detection would be required in the US by 2022 with the passing of the Hot Cars Act, a bill introduced earlier this year by three members of the House of Representatives.
Vayyar has raised $188 million in VC financing to date. It secured a $45 million Series C at a roughly $275 million valuation in 2017.
Featured image courtesy of Vayyar