Israeli 3D imaging sensor startup Vayyar whose technology makes it possible to see through objects has raised a $45 million Series C financing round.
The financing round co-led by Walden Riverwood and ITI with additional funding from Claltech and follow-on investment from Battery Ventures, Bessemer Ventures, Israel Cleantech Ventures, and Amiti.
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Total capital raised to date is $79 million. Vayyar will use the proceeds to expand into new industries, grow its global team and diversify its sensing product offerings.
The company was co-founded in 2011 by CEO, and Chairman Raviv Melamed, and former vice president of the wireless division at Intel Israel, Miri Ratner of BreezeCOM (vice president of development) and Naftali Hayat, chief scientist of Alvarion.
Vayyar’s sensors create a 3D image of everything happening around you in real-time, 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.
Providing a look beyond human vision, Vayyar’s sensors have expanded across industry sectors, including smart home, automotive, retail, robotics, medical, construction, agriculture and more.
Lip-Bu Tan, Chairman of Walden International and Managing Director of WRV, said: “Vayyar’s technology has disruptive potential across a myriad of different industries. Vayyar is growing fast, and we look forward to helping Vayyar impact the automotive and smart home industries in a similar way.”
