bitsensing

Summary

About

About bitsensing

bitsensing develops radar hardware and perception systems for vehicles, smart infrastructure, industrial monitoring and healthcare applications. The South Korean company works across radar architecture, antennas, signal processing and production-oriented system design.

Its sensors provide all-weather range, velocity and spatial information for integration into larger perception stacks. Coverage, resolution and classification capability depend on the radar model, mounting, processing software and operating environment.

PRICE
Range 1Y
Return
High
Low
Updated
DATA: KORTHOS

Funding

Investors

  • Aju Capital - Participant - VC - 1 funding event - first seen 2024-06-18
  • HL Mando - Participant - Corporate / CVC - 1 funding event - strategic/corporate - first seen 2024-06-18
  • Industrial Bank of Korea - Participant - Strategic Industrial - 1 funding event - strategic/corporate - first seen 2024-06-18
  • Korea Development Bank - Participant - Unknown - 1 funding event - first seen 2024-06-18
  • Life Asset Management - Participant - Unknown - 1 funding event - first seen 2024-06-18
  • SCL Investment - Participant - Angel / Individual - 1 funding event - first seen 2024-06-18

Team

  • Jae-Eun Lee - Founder & CEO - Founded bitsensing and leads its automotive-grade radar platform and global expansion.

Timeline

Events

  • 2024-06-18 - Funding - bitsensing raises $25M Series B to scale radar technology

    Korea Development Bank, HL Mando, Industrial Bank of Korea, Aju Capital, Life Asset Management and SCL Investment backed the round. Cumulative funding reached $46 million after the financing. The capital supports radar applications across autonomous driving, smart infrastructure and health technology.

    Source
  • 2023-04-11 - Partnership - Uhnder and bitsensing partner on 4D automotive radar

    The collaboration combines Uhnder's software-defined digital radar-on-chip technology with bitsensing's automotive radar-system expertise. The planned solution targets automatic emergency braking, adaptive cruise control, lane-departure warning and improved object detection across difficult weather and lighting conditions. The partners also highlighted low-level radar and camera fusion as part of the safety architecture.

    Source

Relations

Relationships

  • Uhnder

    4d Imaging Radar Development Partner - Uhnder and bitsensing partnered to develop 4D digital imaging radar for automotive OEM requirements in Korea.

Context

Comparable profiles

  • Arbe Robotics Ltd.

    comparable profile - Imaging Radar Supplier

  • Radar Reticence

    comparable profile - Imaging Radar Supplier

  • RadSee

    comparable profile - Imaging Radar Supplier

  • Uhnder

    comparable profile - Imaging Radar Supplier

  • Sensrad

    comparable profile - Imaging Radar Supplier

  • Metawave

    comparable profile - Imaging Radar Supplier

Context tags

  • Imaging radar supplier - Peer Group - Primary company research supports this operating context.
  • Automotive Sensing - Customer Environment - Primary company research supports this operating context.