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Consumer Series B Founded 2018

bitsensing

Developer of radar technology for automotive, smart city, and healthcare. The company designs radar solutions from concept to production for various industries. It provides radar systems for automated vehicles, traffic management, and patient monitoring. The company aims to improve safety and convenience with its radar technology. Founded in 2018, headquartered in Seongnam-si, South Korea. The company has raised…

📍 Seongnam-si, South Korea · Road Transport Tech,

Funding snapshot

Last roundSeries B
Amount$25M
Date18 June 2024
Total raised$42M
Team size59

About

Developer of radar technology for automotive, smart city, and healthcare. The company designs radar solutions from concept to production for various industries. It provides radar systems for automated vehicles, traffic management, and patient monitoring. The company aims to improve safety and convenience with its radar technology. Founded in 2018, headquartered in Seongnam-si, South Korea. The company has raised $42.0M in funding at the series b stage. bitsensing operates in the Road Transport Tech, Autonomous sectors. The company focuses on Vehicular Traffic, Radar, Generic. Notable investors include SparkLabs, SJ Investment Partners, FuturePlay, Korea Science and Technology Holdings, LB Investment, Mando Corporation, among others.

Business model

Smart Cities > Smart Mobility > Traffic Management > Vehicular Traffic,

Road Transport Tech > Traffic Management > Traffic Monitoring and Analytics > Diversified > Sensor > Radar,

Sensors > Generic Sensor Developers > Imaging > 4D Image Sensor,

Autonomous Vehicles > Enabling Technologies > Perception > Sensor > Radar > Digital Imaging Radar

Institutional investors

SparkLabs SJ Investment Partners FuturePlay Korea Science and Technology Holdings LB Investment Mando Corporation Hansae SB Partners ARGES HL Mando Korean Development Bank Industrial Bank of Korea Woori Financial Group LIFE Asset Management Samchully Group

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