Jaefun Lee, Founder of bitsensing

About Jaefun Lee

Jae-Eun Lee is the Founder and CEO of bitsensing, a South Korean company specializing in advanced 4D imaging radar solutions for automotive, smart cities, and health tech applications. He led the company to secure a $25 million Series B funding round in June 2024, with HL Mando Corporation participating for the fourth consecutive time. Lee has stated bitsensing aims for global expansion and plans to pursue an IPO, initially targeting 2026 but later indicating 2027.

Jaefun Lee at a glance

• Company: bitsensing
• Total raised: $52M
• Latest round: Series B
• Investors: HL Mando Corporation, Korea Development Bank, Industrial Bank of Korea, Aju Capital, Life Asset Management, SCL Investment
• Location: Seoul, South Korea

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