Vayyar Imaging, an Israeli 3D-imaging sensor startup whose technology makes it possible to see through objects, raised a $22 million Series B funding round led by Walden Riverwood. Series A lead, Battery Ventures, and existing investors including Bessemer Venture Partners, Israel Cleantech Ventures (ICV) and Amiti Ventures also participated in the Series B round, bringing the total capital raised to date to $34 million.
Vayyar’s powerful sensor technology is revolutionizing cancer detection, robotics, and smart home industries. Its sensors see through skin and tissue to detect breast or other cancer masses, look through walls to detect structural foundations, and can track a person’s location and vital signs as they move through a smart home.
Launched in December 2011, Vayyar’s technology is used by Fortune 500 companies in multiple industries. Designed to see through materials, objects and liquids, the company’s exclusive sensors see through known barriers to deliver an unprecedented imaging experience. The sensors scan the object and create a 3D image of its content. In addition, Vayyar’s 3D image sensing capabilities enable it to detect motion, speed and track multiple people in large areas. The technology is compact, mobile and based on low power radio frequency transmissions.
“Investing in Vayyar Imaging was an obvious choice. 3D imaging sensor technology is the future, and Vayyar is leading the way with its truly revolutionary technology,” said Lip-Bu Tan, founder and chairman, Walden International. “Vayyar’s tremendous growth in the enterprise market validates that there is a very large demand globally for solutions that empower people to improve their health, safety and quality of life using mobile, low-cost, safe 3D imaging sensors.”
“I am proud and honored to work with such a passionate, innovative and multi-disciplinary team. We look forward to advancing Vayyar Imaging’s technologies into a new era where low-cost imaging systems can solve major challenges in a variety of different markets including breast cancer screening, monitoring aging populations for their safety, saving water through accurate irrigation, and so much more,” said Raviv Melamed, co-founder, CEO and chairman, Vayyar Imaging.
“Vayyar’s team is developing scientifically significant technology that is not only improving some companies’ bottom lines, but truly improving the quality of life for people worldwide,” said Scott Tobin, general partner, Battery Ventures. “We are excited to continue supporting such impactful innovation.”
Chairman and CEO Raviv Melamed founded Vayyar with vice president, research and development, Miri Ratner and CTO, Naftali Chayat. Melamed previously held a senior management position at Intel’s Worldwide Mobile Wireless Group. Ratner and Chayat previously served in senior management positions at BreezeCOM and Alvarion.