Development of solutions that can be used in autonomous driving, smart cities, and healthcare based on radar technology
Global Tier 1 and automotive radar mass production development Collaboration with global semiconductor companies on radar solution development

Bitsensing has attracted Series B investment based on its automotive grade radar technology that can be utilized in various fields.

Bitsensing announced on the 18th that existing investor HL Mando made a follow-up investment in this Series B investment, and that new investors including the Industrial Bank of Korea, IBK Industrial Bank of Korea, Woori Financial Capital, Life Asset Management, and Samchully Investment participated, bringing the total accumulated investment amount to 63 billion won.

In particular, HL Mando is investing for the fourth consecutive time since the establishment of Bitsensing.

Founded in 2018 by automotive radar experts, Bitsensing is developing innovative solutions based on automotive grade radar technology that can be used in various fields such as autonomous driving, smart cities, and digital healthcare.

Starting with 3 employees at the time of establishment, it has grown rapidly to 86 employees as of 2024, and 70% of them are R&D researchers, developing end-to-end services in-house from hardware to software solutions.

Bitsensing is making various achievements in the fields of autonomous driving, smart cities, and digital healthcare.

Automotive radarWe are currently conducting mass production development with a global automotive Tier 1 and are also collaborating with a global semiconductor company to develop next-generation radar solutions.

In the smart city field, it is currently installed and operated on domestic roads such as the Cheonan-Nonsan Expressway, Daegu, and Wonju, and is scheduled to be installed in Verona, Italy through the recent K-City project.

In the digital healthcare field, it is being operated in various hospitals and nursing facilities as a sleep care solution, and through strategic partnerships with global semiconductor companies, Bitsensing sleep care software is provided in the form of APIs, which can be integrated into the smart applications of major electronics manufacturers.

Through this investment, Bitsensing plans to strengthen its research and development capabilities, accelerate its entry into the global market, and promote corporate growth through strategic global partnerships.

Lee Jae-eun, CEO of Bitsensing, said, “With the vision of Radar Everywhere, Better Life with Radar, we are focusing on quickly bringing about a safer and more convenient environment through radar technology.” He added, “Through this investment, we will provide differentiated performance and reliability that meet rapidly changing technology trends such as SDV, autonomous vehicles, smart cities, and IoT with more innovative solutions, thereby strengthening our position in the global market.”

Meanwhile, Bitsensing has recently been recognized for its technological prowess by obtaining the highest rating of TI-1 from NICE Technology Credit Rating and having its radar technology designated as a national core technology, establishing itself as a leading company in the radar technology field.