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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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
Not available
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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.
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.
People of bitsensing
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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.
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.
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Growth-stage private equity investments are targeted across multiple sectors.
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Investor details for bitsensing
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Investments & Acquisitions by bitsensing
Investment portfolio details for bitsensing
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Financial Statements - bitsensing
Detailed financials for bitsensing
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Bitsensing Comparisons
Peer comparison for bitsensing
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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.
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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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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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Detailed competitors of bitsensing
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Latest news on Bitsensing
Complete news archive for bitsensing
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Frequently Asked Questions about bitsensing
bitsensing was founded in 2018 and raised its 1st funding round 1 year after it was founded.
bitsensing is headquartered in Seongnam-si, South Korea. It is registered at Seongnam-si, Gyeonggi-do, South Korea.
Jae Eun Lee is the current CEO of bitsensing. They have also founded this company.
bitsensing is a funded company, having raised a total of $42M across 5 funding rounds to date.
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.
bitsensing's top competitors include Arbe, Vehant Technologies and Hayden AI.
bitsensing offers Advanced Radar Solutions, Smart City Radar Systems, and Healthcare Radar Tools.
bitsensing has 15 investors. Key investors include Industrial Bank of Korea, Korean Development Bank, Mando Corporation, Woori Financial Group, and LB Investment.