Bitsensing
Category: AI in Government / Public Sector
A pioneering radar technology company developing high-resolution 4D imaging radar solutions for autonomous mobility, smart cities, and digital wellness. Bitsensing was founded in 2018. The company is led by Jae-eun Lee. Based in Seongnam-si, South Korea. Team size: 80-100. Total funding raised: $52M ($10M Series A + $25M Series B + earlier). Latest round: Series B ($25M, Jun 2024). Key investors include ["HL Mando","Korea Development Bank (KDB)","Industrial Bank of Korea (IBK)","LB Investment","Woori Finance Capital","Life Asset Management","Samchully Investment","SparkLabs","FuturePlay"].
- Founded
- 2018
- Headquarters
- Seongnam-si, South Korea
- Team size
- 80-100
- Total funding
- $52M ($10M Series A + $25M Series B + earlier)
Value proposition
Delivers LiDAR-level high-resolution environmental sensing at a lower cost with superior reliability in extreme weather conditions (fog, snow, rain) while ensuring privacy in wellness monitoring.
Products and solutions
["AIR 4D: 79GHz high-resolution imaging radar for Level 4+ autonomous driving using multi-chip cascading technology.","TIMOS (Traffic Insight Monitoring Sensor): 24GHz/60GHz radar for intelligent transport systems (ITS), tracking traffic flow, speed, and incidents in real-time.","mini-H: 60GHz wellness radar for non-intrusive sleep monitoring, fall detection, and vital sign tracking (heart rate/breathing).","Radar Signal Processing Software: Proprietary AI-based platform for advanced object classification and environment mapping.","ADAS Kit: Aftermarket Advanced Driver Assistance System for commercial vehicles (buses, trucks), combining radar-camera sensor fusion for collision and blind-spot warnings. Launched Feb 2026."]
Unique value
Combines high-resolution 4D imaging (traditionally requiring LiDAR) with the durability of radar, utilizing 'Multi-Chip Cascading' and AI-driven signal processing to detect objects up to 300 meters away.
Target customer
Automotive OEMs and Tier-1 suppliers, municipal governments (ITS), healthcare providers, and smart home device manufacturers.
Industries served
["Automotive & Autonomous Driving","Smart City & Intelligent Transport Systems (ITS)","Digital Health & Wellness","Industrial IoT"]
Technology advantage
Led by the lead engineer who mass-produced South Korea's first automotive radar; the company controls the entire value chain from antenna design and hardware to AI-based sensor fusion software.
How they differentiate
Bitsensing differentiates through its 'Multi-Chip Cascading' technology and proprietary AI-based signal processing, which delivers LiDAR-level high-resolution 4D imaging at approximately 1/20th the cost of traditional LiDAR. Unlike specialized rivals, Bitsensing operates across a three-pillar vertical: Autonomous Driving (AIR 4D), Smart Cities (TIMOS), and Digital Health (mini-H).
Main competitors
["Arbe Robotics","Uhnder","Vayyar Imaging","Smart Radar System","Metawave"]
Key partnerships
["NXP Semiconductors: Global partnership to develop scalable radar solutions for automotive and industrial sectors.","HL Mando: Strategic investor and development partner for mass-market ADAS radar.","KAIST AVE Lab: Collaborative research on AI algorithms for radar-based perception.","NVIDIA: Member of the NVIDIA Inception program for AI-driven sensor technology.","HJWave: Strategic partnership for next-generation antenna manufacturing.","DeepFusion AI: MOU to co-develop and commercialize 4D imaging radar for marine applications (Oct 2025).","KAIST AVE Lab & ZETA Mobility: MOU to co-develop and commercialize AI-based 4D imaging radar for automotive (Jul 2025).","IKIO Technologies: MOU to advance AI-based traffic monitoring on India's expressways (Jun 2025).","Ontact Health: MOU to jointly develop smart health management services (Aug 2025).","KoreaWide: Pilot commercial vehicle driver assistance system (Nov 2025).","Stress Solution: MOU to build integrated healthcare model."]
Notable customers
["HL Mando","Korea Road Traffic Authority (KoROAD)","NXP Semiconductors","Wonju City (Smart City ITS)","Nvidia (Inception Program)","City of Verona, Italy (K-City Network Project)","KoreaWide (commercial vehicle ADAS pilot)","DeepFusion AI (marine radar)","IKIO Technologies (India traffic monitoring)"]
Major milestones
["Selected NH Investment & Securities as lead manager for IPO (Feb 2024)","Strategic partnership with NXP Semiconductors to develop scalable radar solutions (Dec 2024)","Closed 35 billion KRW Series B round led by HL Mando and KDB (Jun 2024)","Awarded CES Innovation Awards in 2020 and 2022","Strategic partnership with Uhnder for 4D digital imaging radar (Apr 2023)","Launched ADAS Kit for commercial vehicles (Feb 2026)","Ranked #15 on Financial Times High-Growth Companies Asia-Pacific 2026 (Jul 2026)","Deployed TIMOS sensors at Porta Nuova, Verona, Italy as part of K-City Network Project (2025)","Signed MOU with DeepFusion AI for marine radar applications (Oct 2025)","Signed MOU with KAIST AVE Lab and ZETA Mobility for AI-based 4D imaging radar (Jul 2025)"]
Growth metrics
Reached cumulative funding of 63 billion KRW (~$46.6M) following its Series B round in 2024; ranked #15 on Financial Times High-Growth Companies Asia-Pacific 2026; preparing for an Initial Public Offering (IPO) in the South Korean market.
Market positioning
Full-stack radar solutions pioneer transitioning from a hardware provider to a 'Radar Platform as a Service' (RPaaS) provider.
Geographic focus
Headquartered in South Korea with a strong focus on the South Korean public sector (ITS), while scaling globally through strategic partnerships in Europe (NXP) and North America (Uhnder).
Patents and IP
Holds numerous domestic and international patents in radar antenna structure, multi-chip cascading methods, and deep-learning-based radar signal classification.
About Jae-eun Lee
Jae-eun Lee is the Founder and CEO of Bitsensing. Before establishing the company in 2018, he served as a Senior Research Engineer at Mando Corporation (now HL Mando) for 10 years, where he led the development and successful mass production of South Korea's first 77GHz automotive radar for Advanced Driver Assistance Systems (ADAS). He is a recognized expert in radar signal processing and sensor fusion.
Official website: https://www.bitsensing.com