bitsensing - About the company
bitsensing is a series B company based in Seongnam-si (South Korea), founded in 2018. It operates as a Developer of radar technology for automotive, smart city, and healthcare. bitsensing has raised $42M in funding from investors like SparkLabs, LB Investment and Mando Corporation. The company has 327 active competitors, including 58 funded and 32 that have exited. Its top competitors include companies like Kapsch, Miovision and Worldsensing.
Company Details
Developer of radar technology for automotive, smart city, and healthcare. The company designs radar solutions from concept to production for various industries. It provides radar systems for automated vehicles, traffic management, and patient monitoring. The company aims to improve safety and convenience with its radar technology.
- Website
- www.bitsensing.com
- Social
- Email ID
- *****@bitsensing.com
- Phone Number
- +82 **********
Key Metrics
Founded Year
2018
Location
Seongnam-si, South Korea
Stage
Series B
Total Funding
$42M in 5 rounds
Latest Funding Round
Ranked
9th among 327 active competitors
Employee Count
58 as on Jul 31, 2026
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bitsensing's funding and investors
bitsensing has raised a total funding of $42M over 5 rounds. Its first funding round was on Jul 15, 2019. Its latest funding round was a Series B round on Jun 18, 2024 for $*****. 6 investors participated in its latest round. bitsensing has 19 institutional investors.
Here is the list of recent funding rounds of bitsensing:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 18, 2024 | 3145615 | Series B | 9233461 | 8356491 | 6692630 | 9480919 |
Sep 21, 2022 | 4256873 | Series A | 5132709 | 5227521 | 7616460 | |
Jun 08, 2020 | 3015449 | Seed | 6454512 | 1921510 |
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bitsensing's founders and board of directors
Founder? Claim Profilebitsensing's employee count trend
bitsensing has 58 employees as of Jul 26. Here is bitsensing's employee count trend over the years:
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bitsensing's Competitors and alternates
Top competitors of bitsensing include Kapsch, Miovision and Worldsensing. Here is the list of Top 10 competitors of bitsensing, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of intelligent transportation systems and tolling and traffic management | - | 67/100 | ||
2nd | Developer of traffic management software and intelligent transportation hardware systems | $307M | 67/100 | ||
3rd |  Worldsensing 2008, Barcelona (Spain), Series B | Provider of cloud-driven IoT-based real-time traffic monitoring & analytics solution | $9.42M | 66/100 | |
4th | Cloud-based mobility data solutions provider | $22.5M | 65/100 | ||
5th |  NoTraffic 2017, Overland Park (United States), Series C | Provider of an AI mobility platform for traffic management solutions | $161M | 64/100 | |
6th |  Cron AI 2015, London (United Kingdom), Series A | Developer of deep learning software for processing live sensor data | $6.7M | 60/100 | |
7th | Iteris 1969, Santa Ana (United States), Acquired | Provider of technology solutions for smart mobility infrastructure management | - | 60/100 | |
8th | See.Sense 2013, Newtownards (United Kingdom), Seed | Develops smart lights for cycles, and sensors for collecting data about city road systems | $1.66M | 59/100 | |
9th | bitsensing 2018, Seongnam-si (South Korea), Series B | Developer of radar technology for automotive, smart city, and healthcare | $42M | 57/100 | |
10th |  Vehant Technologies 2005, Noida (India), Funding Raised | AI-enabled security and traffic enforcement solutions | - | 56/100 |
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bitsensing's Investments and acquisitions
bitsensing has made no investments or acquisitions yet.
Reports related to bitsensing
Here is the latest report on bitsensing's sector:
News related to bitsensing
Filter this listMedia has covered bitsensing for a total of 3 events in the last 1 year, 3 of them have been about company updates.
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bitsensing Launches AIR4D Imaging Radar to Accelerate Autonomous Vehicle CommercializationMicrowave Journal•May 13, 2026•bitsensing
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NXP and geo develop Matter-enabled smart energy management solutionNew Electronics•Dec 12, 2024•NXP Semiconductors, geo, bitsensing
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Bitsensing Secures $ 25 million in Series B Investment, Strengthening Position in Global Radar Technology MarketKoreaTechDesk•Jun 18, 2024•bitsensing, HL Mando, Korea Development Bank Europe, Industrial Bank of Korea and 8 others
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BitSensing selects NH Investment & Securities as lead manager for listing on KOSDAQVenture Square•Feb 14, 2024•bitsensing, NH Investment & Securities
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Uhnder and bitsensing Advance Automotive Safety with 4D Imaging Radar CollaborationGlobeNewswire•Apr 11, 2023•Uhnder, bitsensing
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