Startups

Bitsensing raises $25M for its high-resolution radar in autonomous driving

Comment

Image Credits: bitsensing

Self-driving vehicles rely on many sensors to detect objects and the world around them. The conventional approach is to work with cameras and lidars. But some tech companies and startups have built advanced high-resolution radar technology for autonomous vehicles, also known as 4D imaging radar.  

Among them is a South Korea-based startup called bitsensing. The startup says its 4D imaging radar is not just for autonomous driving but can also be applied to smart cities and digital healthcare, and it closed a $25 million Series B round for the high-resolution radar technology.

Bitsensing was founded in 2018 by Jae-Eun Lee, CEO of bitsensing, a former senior research engineer who led South Korea’s first midrange 77GHz advanced driver-assistance system (ADAS) for vehicles at Mando Corporation, a Korean Tier 1 supplier.

Lee was inspired in 2015 after he saw a tragic road collision at the Incheon Yeongjong Bridge in Korea due to heavy fog and poor visibility. That turning point helped him realize how crucial the adoption of radar technology could be in preventing such accidents, and he decided to focus on accelerating its commercialization by starting bitsensing.

“Traditional approaches, especially in the automotive sector, have often focused on cameras and lidar systems. However, these systems are limited by environmental conditions like poor lighting, fog or rain, which is essential for mobility systems,” Lee said, adding that the limitations can lead to reduced accuracy and reliability in detecting objects and ensuring safety.

When asked if 4D imaging technology can replace lidar in the near future, Lee told me that imaging radar’s current performance cannot yet match the extremely high resolution of current lidar systems, but it holds significant potential. That means as imaging radar technology continues to evolve, it is expected to reach a point where it can replace lidar, likely at a faster pace than the development of lidar itself.

At CES in 2023, Amnon Shashua, CEO of Mobileye, an Israel-based autonomous driving company, said in his speech that Mobileye, which also developed its own 4D radar, only wants to deploy 4D imaging radars except for the front lidar by 2025. Shashua’s comment caught the attention of industry people. According to a report by Frost & Sullivan, most OEMs will incorporate 4D imaging radars into their ADAS/AD sensor suite alongside cameras, lidars, and other perception and imaging radars.

Bitsensing is not the only company developing 4D imaging radar. California-based Altos Radar and Tel Aviv- and Dallas-based Arbe Robotics have also built high-resolution radars for autonomous cars to perceive objects around them. Lee also mentioned Oculii and Zendar as the startup’s peers in the industry.

When asked what’s so different from its competitors, its high-solution 4D imaging radar provides a surround detection solution for self-driving vehicle systems with a range coverage of more than 300 meters and a 50% advancement in detection range compared to conventional radar.

On top of that, the company claims that its traffic insight monitoring sensor (TIMOS) is the first sensor to integrate an edge AI computing device into an intelligent transportation system (ITS) solution.

For example, its 24GHz AI traffic radar device is powered by Nvidia Jetson with an integrated GPU system. That means the elimination of cumbersome external PCs and cables with its TIMOS, instead of being a single system that rapidly moves data collection to analysis. The TIMOS, which is now being used across six countries, provides visibility and intelligence across 12 lanes of traffic and vehicle detection like cars and motorcycles. It also can identify safety issues, including jaywalking, wrong-way driving, speed violations, and stationary vehicles.

“Our traffic solution fuses camera and radar technologies and we’re currently working on a number of projects to install this fused radar offering along highways from South Korea and beyond,” Lee continued. “The benefits include management of traffic and tracking unexpected events such as stopped cars, while also providing real-time traffic insights to control centers on the volume of vehicles, speeds and occupancy.”

The outfit also wants to apply its radar technology for digital health, specifically sleep care. The company says its radar can monitor sleep quality, apnea, and limb movements and offer data analysis about users’ sleep conditions.

“For health tech, we provide the radar hardware as well as APIs for companies to integrate sleep quality monitoring into their software,” Lee told TechCrunch. “Currently, our solution is being introduced into senior care facilities and hospitals in South Korea, Singapore, and Japan.”

Lee said the outfit is currently in the revenue growth stage and is trying to expand globally through strategic partnerships. It can offer hardware and software, data, and licensing contracts.

“Recently, delays in the commercialization of autonomous driving technology have become a significant issue, leading some to believe there might be limitations in the sensor market. However, with the transition to the era of software-defined vehicles (SDV), there is an increasing need to quickly integrate high-performance and multiple sensors from the early stages. Consequently, the market for imaging radar and advanced radar is expected to expand very fast,” Lee mentioned.

Investors, including Korea Development Bank, HL Mando Corporation, Industrial Bank of Korea, and Aju Capital, participated in the latest round, which brings its total raised to $46 million since its inception.

More TechCrunch

TikTok Lite, a low-bandwidth version of the video platform popular across Africa, Asia and Latin America, is exposing users to harmful content because of its lack of safety features compared…

TikTok Lite exposes users to harmful content, say Mozilla researchers

If the models continue eating each other’s data, perhaps without even knowing it, they’ll progressively get weirder and dumber until they collapse.

‘Model collapse’: Scientists warn against letting AI eat its own tail

Astranis has fully funded its next-generation satellite program, called Omega, after closing its $200 million Series D round, the company said Wednesday.  “This next satellite is really the milestone into…

Astranis is set to build Omega constellation after $200M Series D

Reworkd’s founders went viral on GitHub last year with AgentGPT, a free tool to build AI agents that acquired more than 100,000 daily users in a week. This earned them…

After AgentGPT’s success, Reworkd pivots to web-scraping AI agents

We’re so excited to announce that we’ve added a dedicated AI Stage presented by Google Cloud to TechCrunch Disrupt 2024. It joins Fintech, SaaS and Space as the other industry-focused…

Announcing the agenda for the AI Stage at TechCrunch Disrupt 2024

The firm has numerous legs to it, ranging from a venture studio to standard funds, where it does everything from co-founding companies to deploying capital.

CityRock launches second fund to back founders from diverse backgrounds

Since launching xAI last year, Elon Musk has been using X as a sandbox to test some of the Grok model’s AI capabilities. Beyond the basic chatbot, X uses the…

X launches underwhelming Grok-powered ‘More About This Account’ feature

Lakera, a Swiss startup that’s building technology to protect generative AI applications from malicious prompts and other threats, has raised $20 million in a Series A round led by European…

Lakera, which protects enterprises from LLM vulnerabilities, raises $20M

Alongside a slew of announcements for Play—such as AI-powered app comparisons and a feature that bundles similar apps—Google has introduced new “Curated Spaces,” hubs dedicated to specific topics. Announced Wednesday,…

Google Play gets ‘Comics’ feature for manga readers in Japan

Farmers have got to do something about pests. But nobody really likes the idea of using more chemical pesticides. Thomas Laurent’s company, Micropep, thinks the answer might already be in…

Micropep taps tiny proteins to make pesticides safer

Play Store is getting AI-powered app comparisons, automatically organized categories for similar apps, dedicated hubs for content, data personalization controls, support for playing multiple mobile games on PCs, and more…

Google adds AI-powered comparisons, collections and more data controls to Play Store

Vanta, a trust management platform that helps businesses automate much of their security and compliance processes, today announced that it has raised a $150 million Series C funding round led…

Vanta trust management platform raises $150M Series C, now valued at $2.45B

The Overture Maps Foundation is today releasing data sets for 2.3B building “footprints” globally, 54M notable places of interest, a visual overlay of “boundaries,” and land and water features such…

Backed by Microsoft, AWS and Meta, the Overture Maps Foundation launches its first open map data sets

The startup is not disclosing its valuation, but sources close to the company say the figure is just under $400 million post-money.

Dazz snaps up $50M for AI-based, automated cloud security remediation

The outcome of the Spanish authority’s probe could take up to two years to complete, and leave Apple on the hook for fines in the billions.

Apple’s App Store hit with antitrust probe in Spain

Proton’s first cryptocurrency product is a wallet called Proton Wallet that’s designed to make it easier to get started with bitcoin.

Proton releases a self-custody bitcoin wallet

Dental care is a necessity, yet many patients lack confidence in their dentists’ ability to provide accurate diagnoses and appropriate treatments. Some dentists over treat patients, leading to unnecessary expenses,…

Pearl raises $58M to help dentists make better diagnoses using AI 

Exoticca’s platform connects flights, hotels, meals, transfers, transportation and more, plus the local companies at the destinations.

Spanish startup Exoticca raises a €60M Series D for its tour packages platform

Content creators are busy people. Most spend more than 20 hours a week creating new content for their respective corners of the web. That doesn’t leave much time for audience…

Mark Zuckerberg imagines content creators making AI clones of themselves

Elon Musk says he will show off Tesla’s purpose-built “robotaxi” prototype during an event October 10, after scrapping a previous plan to reveal it August 8. Musk said Tesla will…

Elon Musk sets new date for Tesla robotaxi reveal, calls everything beyond autonomy ‘noise’

Alphabet will spend an additional $5 billion on its self-driving subsidiary, Waymo, over the next few years, according to Ruth Porat, the company’s chief financial officer. Porat announced the commitment…

Alphabet to invest another $5B into Waymo

There is no fool proof way to prevent a buggy update like CrowdStrike’s, but there are best practices that could mitigate the fallout.

How to prevent your software update from being the next CrowdStrike

Spotify CEO Daniel Ek says the streaming service is still in the “early days” of its plans to bring hi-fi support to the platform. During the company’s earnings call on…

Spotify CEO says company is in ‘early days’ of hi-fi audio plans

Featured Article

A comprehensive list of 2024 tech layoffs

The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the…

A comprehensive list of 2024 tech layoffs

Tesla was not the first company to begin working on a humanoid form factor, but while being the first to market does carry weight in this high-tech space, we’re at…

Elon Musk sets 2026 Optimus sale date. Here’s where other humanoid robots stand.

Harvey, a startup building what it describes as an AI-powered “copilot” for lawyers, has raised $100 million in a Series C round led by GV, Google’s corporate venture arm. The…

OpenAI-backed legal tech startup Harvey raises $100M

Digital banking startup Mercury informed some founders that it is no longer serving customers in certain countries, including Ukraine.

Digital banking startup Mercury abruptly shuttered service for startups in Ukraine, Nigeria, other countries

Welcome to TechCrunch Fintech! This week, we’re looking at Human Interest’s path toward an IPO, fintech’s newest unicorn, a slew of new fundraises, and more. To get a roundup of…

The next fintech to go public may not be the one you expected

Waymo has started testing on public roads in San Francisco a new robotaxi built by Chinese electric automaker Zeekr.  Waymo has “less than a handful” of the Zeekr vehicles in San…

The Waymo-Zeekr robotaxi has come to San Francisco

The transaction values Cyabra at $70 million, and the company expects the merger to close by the end of the year.

Cyabra, a startup helping companies and governments detect disinformation, plans to go public via SPAC