About bitsensing
bitsensing is a company based in Seongnam-si (South Korea) founded in 2018 by Jae Eun Lee.. bitsensing has raised $42 million across 5 funding rounds from investors including Industrial Bank of Korea, Korean Development Bank and Mando Corporation. bitsensing offers products and services including Advanced Radar Solutions, Smart City Radar Systems, and Healthcare Radar Tools. bitsensing operates in a competitive market with competitors including Miovision, Arbe, Hayden AI, Zendar and Vehant Technologies, among others.
- Headquarter Seongnam-si, South Korea
- Founders Jae Eun Lee
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Sectors
TechnologyTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Bitsensing Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$42 M (USD)
in 5 rounds
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Latest Funding Round
$25.33 M (USD), Series B
Jun 18, 2024
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Investors
Industrial Bank of Korea
& 14 more
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Employee Count
Employee Count
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Products & Services of bitsensing
bitsensing offers a comprehensive portfolio of products and services, including Advanced Radar Solutions, Smart City Radar Systems, and Healthcare Radar Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides radar for automotive safety and performance enhancements.
Enables traffic optimization and public safety through radar innovations.
Offers non-invasive monitoring for patient care and sleep tracking.
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Funding Insights of bitsensing
bitsensing has successfully raised a total of $42M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $25.33 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $25.3M
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First Round
First Round
(15 Jul 2019)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2024 | Amount | Series B - bitsensing | Valuation | HL Mando | |
| Sep, 2022 | Amount | Series A - bitsensing | Valuation | ARGES | |
| Jun, 2020 | Amount | Seed - bitsensing | Valuation | LB Investment , Mando Corporation |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in bitsensing
bitsensing has secured backing from 15 investors, including institutional and venture fund investors. Prominent investors backing the company include Industrial Bank of Korea, Korean Development Bank and Mando Corporation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth-stage private equity investments are targeted across multiple sectors.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by bitsensing
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - bitsensing
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bitsensing Comparisons
Competitors of bitsensing
bitsensing operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Miovision, Arbe, Hayden AI, Zendar and Vehant Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Traffic data collection and management solutions are provided.
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AI-enabled radar solutions for autonomous vehicles are provided.
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Provider of AI-powered mobile perception platform for traffic enforcement
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High-resolution imaging radar for autonomous vehicles is developed.
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| domain | founded_year | HQ Location |
AI-enabled security and traffic enforcement solutions are provided.
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AI-enabled automatic traffic management solutions are provided for operators.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bitsensing
Frequently Asked Questions about bitsensing
When was bitsensing founded?
bitsensing was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is bitsensing located?
bitsensing is headquartered in Seongnam-si, South Korea. It is registered at Seongnam-si, Gyeonggi-do, South Korea.
Who is the current CEO of bitsensing?
Jae Eun Lee is the current CEO of bitsensing. They have also founded this company.
Is bitsensing a funded company?
bitsensing is a funded company, having raised a total of $42M across 5 funding rounds to date. The company's 1st funding round was a Seed of $5.82M, raised on Jul 15, 2019.
What does bitsensing do?
Bitsensing was founded in 2018 and is headquartered in Seongnam-si, South Korea. Radar-based technologies are provided for applications in automotive, smart cities, traffic management, and healthcare sectors. Vehicle monitoring, speed detection, and traffic flow analysis are included among the core features, alongside sleep monitoring systems. Operations focus on integrating these solutions into diverse industrial environments.
Who are the top competitors of bitsensing?
bitsensing's top competitors include Arbe, Vehant Technologies and Hayden AI.
What products or services does bitsensing offer?
bitsensing offers Advanced Radar Solutions, Smart City Radar Systems, and Healthcare Radar Tools.
Who are bitsensing's investors?
bitsensing has 15 investors. Key investors include Industrial Bank of Korea, Korean Development Bank, Mando Corporation, Woori Financial Group, and LB Investment.
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