CorrActions raises $7.25 million to prevent vehicle accidents through AI-based brain activity monitoring
The Israeli startup has developed AI-based software that detects abnormalities in the cognitive state of drivers and passengers
CorrActions, an Israeli AI-based driver safety startup, has raised $7.25 million in its Series A round. The funding round was led by Volvo Cars Tech Fund, which was joined by BlackBerry, alongside prominent venture capital firms Next Gear Ventures, Mobilitech Capital, Regah Ventures, OurCrowd, NextLeap Ventures, and Stone Ventures.
Full list of Israeli high-tech funding rounds in 2023
CorrActions has developed AI-based software that detects abnormalities in the cognitive state of drivers and passengers. The software analyzes micro muscle movements that reflect brain activity, using existing human-motion sensors in vehicles such as the steering wheel, in-cabin radars, seats, and other devices. These movements can indicate various cognitive states, including driver intoxication, fatigue and distraction.
The company’s software can be implemented in consumer vehicles through Over-the-Air (OTA) software updates, including through the BlackBerry IVY vehicle platform, and does not require or capture any Personal Identifiable Information (PII) to assess the driver's cognitive state.
According to CorrActions, it is engaged with multiple automakers to implement its solution in their vehicles.
Related articles:
CorrActions was founded in 2019 by Dr. Eldad Hochman, a neuropsychologist and scientist, and Zvi Ginosar, an experienced business executive. The company’s CEO, Ilan Reingold, is a former Chief Business Officer at Sony and General Manager at Broadcom.
