Imaging Radar Company 'Bitsensing' Selected NH Investment & Securities as IPO Underwriter

Recorded 12 Billion KRW in Sales Last Year
Mass Production Development in Collaboration with Global Auto Parts Companies

Imaging radar solution company Bitsensing announced on the 14th that it has selected NH Investment & Securities as the lead underwriter for its KOSDAQ listing in 2025. Bitsensing achieved sales of 12 billion KRW last year, focusing on its autonomous driving ‘4D imaging radar solution,’ next-generation traffic radar ‘TIMOS,’ and sleep care solution ‘AI Wellness Radar.’ Among these, the autonomous driving solution is currently under mass production development in collaboration with global automotive parts suppliers.

Bitsensing plans to focus on recruiting top talent and research and development to strengthen corporate competitiveness through a pre-IPO round this year. In particular, it will launch a service that provides cutting-edge radar technology in the form of a platform to attract major global clients. This is a technology that embeds the core software required during the development process into the chip and then platforms it, allowing customers to immediately apply high-performance radar systems without building separate processes, thereby shortening development time and reducing costs accordingly.

Jae-eun Lee, CEO of Bitsensing, said, “We selected NH Investment & Securities as the lead underwriter because of their experience leading listings in the automotive sector with companies like Mando and Hyundai AutoEver, their deep understanding of Bitsensing, and their investment competitiveness. We aim to present a new paradigm in the automotive industry with Bitsensing’s solutions and secure market share in the radar market.”

This content was produced with the assistance of AI translation services.