Vayyar Imaging Ltd. raised $108 million in a funding round led by Koch Disruptive Technologies, propelling the Israeli startup’s valuation to more than $1 billion.
The maker of four-dimensional imaging radar sensors announced the fundraising in a statement on Monday that confirmed an earlier Bloomberg News report. It plans to use the money to expand into markets such as China, Japan and Australia, Co-Founder and Chief Executive Officer Raviv Melamed said in an interview.
