bitsensing raises $10 Million in Sequence A Funding

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bitsensing’s 79GHz AIR 4D makes use of Multi-Chip Cascading expertise to extend goal identification, present high-resolution 4D imagery, and assist in autonomous driving collision avoidance to scale back crashes and fatalities.  | Credit score: bitsensing

South Korean 4D imaging radar resolution firm bitsensing raised $10 million in Sequence A Funding for a complete of $21 million in funding since its inception. Among the many buyers are AF WPartners, ARGES Personal Fairness, Mando Company and extra.

bitsensing delivers radar options for autonomous automobiles, and clever visitors administration and now could be increasing into optimizing radars for indoor utilization with options for on a regular basis wellness. The newly developed wellness resolution not solely offers sleep evaluation and life-style suggestions to enhance sleep high quality but additionally delivers early-stage prediction of sickness by way of the accrued sleep data- the primary on the planet to realize this development.

“It was a pure development to start growing applied sciences for wellness purposes,” mentioned Dr. Jae-Eun Lee, CEO of bitsensing. “Our groundbreaking radars for sensible cities and now wellness showcase how we’re remodeling industries for a safer and smarter tomorrow. As a part of our new tagline ‘Radar Reimagined,’ we’re showcasing how we’re accelerating the whole autonomous automotive surroundings and bringing sensible wellness to particular person life by offering sleep care companies and sleep data-based sickness predictions.”

AF WPartners is a monetary funding associate that helps a community of capital administration consultants for firms and applied sciences which are making an attempt to deliver innovation to the world and make the long run a greater place. ARGES Personal Fairness makes growth-focused investments in distinctive firms to maximise buyers’ return. Mando Company is the most important international Tier 1 Korean Unique Gear Producer and provider for international car distributors.

bitsensing will use the funds to advance radar options and companies in every enterprise space and to give attention to increasing enterprise by getting into the worldwide market. With Mando’s strategic funding and partnership, bitsensing will deliver the next-generation imaging radar resolution optimized for mass manufacturing and in the end obtain an entire autonomous surroundings.

bitsensing was acknowledged for its progressive enterprise mannequin and progress potential. The corporate was chosen as a “Minicorn” final yr and awarded the CES 2022 Innovation Awards Honoree this yr.