TEL AVIV, Israel and SAN FRANCISCO, Dec. 15, 2015 /PRNewswire/ -- Vayyar Imaging (http://vayyar.com), the 3D-imaging sensor company whose technology makes it possible to see through objects, today announced a $22 million USD 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 $34M USD. Vayyar Imaging will leverage the new funds to scale its enterprise offering across the globe. See how Vayyar works in this short video.
Vayyar's powerful sensor technology will revolutionize 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 Imaging has been quietly building its technology and carefully selecting early customers. Vayyar technology is already being used by top Fortune 500 companies and is expanding into multiple industries.
"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."
Designed to see through materials, objects and liquids, Vayyar'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. Vayyar's technology is compact, mobile and based on low power radio frequency transmissions, and will make imaging technology available anytime, anywhere.
"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 the role of Vice President and General Manager, Mobile Wireless Group at Intel. Ratner and Chayat previously served in senior management positions at BreezeCOM, Inc. and Alvarion Ltd.
Vayyar Imaging plans to unveil its latest technology at the upcoming 2016 Consumer Electronics Show (CES) January 6-9 in Las Vegas. Visit Vayyar at CES in the Las Vegas Convention Center, South Hall 4, booth 35353 for a demonstration and to learn more. You can access the Vayyar media kit here.
About Vayyar Imaging
Vayyar Imaging (http://vayyar.com) is changing the market of imaging and sensing through its breakthrough 3D imaging sensor technology. Vayyar's exclusive sensors quickly and easily look into objects or any defined volume and detect even the slightest anomalies and movements – bringing highly sophisticated imaging capabilities to your fingertips. Utilizing a highly sophisticated embedded chip and advanced imaging algorithms, our goal is to help people worldwide improve their health, safety, and quality of life using mobile, low-cost, and safe 3D imaging sensors.
Located in Israel, Vayyar Imaging is a privately held company backed by Walden Riverwood, Battery Ventures, Bessemer Venture Partners, Israel Cleantech Ventures (ICV) and Amiti Ventures. Follow us on Twitter or learn more at http://vayyar.com.
All trademarks contained herein are the property of their respective owners.
SOURCE Vayyar Imaging