I’m a senior editor at Forbes based in Hong Kong, covering entrepreneurs and investors in Asia. I edit the Korea’s 50 Richest wealth ranking and co-edit the Forbes Asia 100 to Watch list.
itsensing, a South Korean developer of imaging radar technology, has raised a $25 million Series B round as the startup seeks to partner with strategic investor HL Mando , a leading car parts maker, and its sister companies to expand beyond autonomous vehicle s and smart cities.
The Series B round boosts total outside funding to $46 million. Jae-Eun Lee, CEO and founder of Bitsensing, says in a video interview that the startup is currently in talks with a global semiconductor company for an extension round. Besides cars, Lee says Bitsensing’s imaging radar technology has potential applications for smart homes. The startup is working on smart-home offerings with HL Group’s construction arm—the conglomerate’s other major business area.
The ability to monitor sleep can also be used in healthcare, such as at hospitals and elderly-care centers, adds Lee.
Mando Shares Hl Group Halla Group Autonomous Car Autonomous Vehicle Self Driving Lidar Tesla Autonomous Tesla Self Driving
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