Vayyar Raises $108M in Financing Round

Vayyar Imaging Ltd. has raised $108 million in a funding round headed by Koch Disruptive Technologies, valuing the Israeli company at over $1 billion.

The cash raised will be used to expand into China, Japan, and Australia, according to the 4D radar sensor manufacturer.

The company is considering an IPO outside of Israel

Vayyar has raised more than $300 million since its inception in 2011, and its co-founder and CEO, Raviv Melamed, says the company is considering an IPO outside of Israel in two to three years.

The company’s 4D radar sensors monitor lighting and weather conditions in smart homes and businesses to optimize ventilation, electricity usage, and other uses.

Vayyar sees a lot of promise in the automotive sector, and it’s searching for strategic partners in China to help create autonomous car safety solutions.