bitsensing
Assembly Line
South Korea’s bitsensing cements $25M to drive growth in radar technology
bitsensing, a South Korean company developing advanced radar solutions, has secured $25 million in Series B funding. This investment round, led by prominent venture capital firms and strategic investors, underscores bitsensing’s potential to revolutionise various industries with its radar technology.
The fresh capital will be used to bolster bitsensing’s operations in several ways. The company plans to: scale its workforce, enhance its existing product portfolio, explore new market opportunities, and establish strategic partnerships. This multi-pronged approach aims to accelerate bitsensing’s global growth and solidify its position as a leader in the radar technology sector.
bitsensing raises $10 Million in Series A Funding
South Korean 4D imaging radar solution company bitsensing raised $10 million in Series A Funding for a total of $21 million in funding since its inception. Among the investors are AF WPartners, ARGES Private Equity, Mando Corporation, and more.
bitsensing delivers radar solutions for autonomous vehicles, intelligent traffic management and now is expanding into optimizing radars for indoor usage with features for everyday wellness. The newly developed wellness solution not only provides sleep analysis and lifestyle recommendations to improve sleep quality but also delivers early-stage prediction of illness through the accumulated sleep data- the first in the world to achieve this advancement.