# Bitsensing

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bitsensing

- Industry: Software
- Headquarters: Seongnam, South Korea
- Website: www.bitsensing.com
- Total disclosed funding: $37M
- Latest round: Series B (Jun 17, 2024)
- Investors on record: 14

## About

Founded in 2018 and based in Seoul, South Korea, Bitsensing operates as a radar sensor technology company for autonomous vehicles. In June 2024, Bitsensing raised KRW 35 billion in series B funding from returning investor HL Mando and new investors Korea Development Bank, Industrial Bank of Korea, Woori Financial Capital, Life Asset Management, and Samchully Investment.

Bitsensing offers a 4D radar sensing solution for vehicles to enable autonomous mobility.

The company will use the June 2024 funding to improve its research and development capabilities, accelerate its entry into the global market, and increase its international partnerships.

## Funding rounds

- Series B, Jun 17, 2024, $25M — Korea Development Bank, Industrial Bank of Korea, Woori Financial Capital, Life Asset Management, Samchully Investment, HL Mando
- Series A, Sep 20, 2022, $9.9M — Arges Private Equity, AFW Partners, HL Mando
- Seed, Jul 21, 2019, $0.8M — SparkLabs Accelerator, SJ Investment Partners, Korea Science & Technology Holdings
- Seed, Jun 1, 2018, $0.5M — FuturePlay, Korea Tech Incubator for Startup
- Seed, Feb 1, 2018, $0.5M — KDB Capital, FuturePlay

## Investors

- KDB Capital (https://capitalatlas.ai/funds/kdb-capital) — Seed
- FuturePlay (https://capitalatlas.ai/funds/futureplay) — Seed
- Korea Tech Incubator for Startup — Seed
- SparkLabs Accelerator (https://capitalatlas.ai/funds/sparklabs-accelerator) — Seed
- SJ Investment Partners (https://capitalatlas.ai/funds/sj-investment-partners) — Seed
- Korea Science & Technology Holdings — Seed
- Arges Private Equity (https://capitalatlas.ai/funds/arges-private-equity) — Series A
- AFW Partners (https://capitalatlas.ai/funds/afw-partners) — Series A
- HL Mando — Series A, Series B
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series B
- Industrial Bank of Korea — Series B
- Woori Financial Capital (https://capitalatlas.ai/funds/woori-financial-capital) — Series B
- Life Asset Management (https://capitalatlas.ai/funds/life-asset-management) — Series B
- Samchully Investment (https://capitalatlas.ai/funds/samchully-investment) — Series B