Tel Aviv, Israel-based Vayyar Imaging announced Monday that the company has finalized a $108 million Series E financing round led by Koch Disruptive Technologies, bringing Vayyar’s total funding to more than $300 million.
“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,” Raviv Melamed, Vayyar’s co-founder and CEO, said in a press release.
“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,” he added.
With an early interest in detecting early-stage breast cancer using radio frequency technology, the company has grown to include senior care, automotive, retail, public safety and other industries. In the senior care market, the company offers Vayyar Care, a remote monitoring solution that integrates with nurse call systems to protect residents and patients using automatic fall detection and data to drive predictive behavioral analytics.
Vayyar recently signed a joint venture agreement with Haier subsidiary HCH Ventures, leveraging its senior care technology to address the $625 billion “silver tech” market in China. The company also has 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,” stated 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.”
