bitsensing Raises $25M in Series B Funding

bitsensing, a South Korean provider of advanced radar solutions, closed its $25m Series B funding.

The round was led by the Korea Development Bank, HL Mando Corporation, Industrial Bank of Korea, Aju Capital, Life Asset Management, and SCL Investment.

The company intends to use the funds to scale operations, invest in research and development, and explore new market opportunities.

Led by Dr. Jae-Eun Lee, CEO, bitsensing is a pioneer in advanced radar solutions with a variety of applications in autonomous driving, smart cities, health tech, and beyond. Founded in 2018, the company has expanded the use of its high-performance, automotive-grade radar across a variety of applications in autonomous driving, connected living, smart cities, health tech, and beyond. 

FinSMEs

18/06/2024