Israeli four-dimensional imaging radar sensor manufacturer Vayyar Imaging raised $108M in funding led by Koch Disruptive Technologies. The Series E funding round valued the firm at $1B, elevating the company to unicorn status. Vayyar intends to use the incoming funds to expand into new markets, namely Japan, Australia, and China, the latter of which it considers to be an important and fast-growing market for the firm. Vayyar also intends to expand into new verticals and develop machine learning-powered imaging solutions using the funds.
More:
- The funding round saw participation from GLy Capital Management, Atreides Management, Battery Ventures, Bessemer Ventures, KDT, More VC, Regal Four, and Claltech.
- Since its founding in 2011, the company has raised $300M in total funding to date.
- Koch Disruptive Technologies also led its previous $109M Series D fundraise in Nov. 2019.
- Vayyar began as a medical imaging company but has since expanded into the automotive, elderly healthcare, proptech, public safety, and retail industries.
- It announced a joint partnership with Chinese Haier. last year to develop a touchless fall detection product for seniors.
- The firm is developing case-specific solutions for Amazon, Piaggio, and Toyota Motor.
Source
Computing and Software
Tesla’s robotaxi surprise: what you need to know!
Memory
SK Hynix shifts focus in China: Shanghai out, Wuxi in
Battery
Inauguration of e-cells lab, the electrochemical research laboratory promoted by ferrari in collaboration with the university of bologna and nxp.
Battery
Australian flow batteries and the SCHMID announce groundbreakding memorandum of understanding
Global Semiconductor Trends
Xiaomi’s electrifying gamble
Battery
Sion Power and MB ATECH announced a partnership to create an automated manufacturing line for sion power’s large format lithium metal cell.
Imaging
Lynred wins sentinel-2 NG mission pre-development contract to design advanced multispectral infrared detector
Compound Semiconductor
ROHM SiCrystal and STMicroelectronics expand silicon carbide wafer supply agreement
Memory
Trymax: Receives multi-system orders from a large asian based foundry
Battery