Volvo Cars Tech Fund invests in driver monitoring startup CorrActions

News Summary

  • CorrActions, an Israeli startup that, among other things, built a driver monitoring system that can understand a driver’s cognitive state, today announced that it has raised a strategic investment from Volvo Cars Tech Fund.
  • “CorrActions fits the bill perfectly and focuses on a mission that is close to our heart: making cars and traffic safer.”Volvo notes that the company’s EX90 flagship electric SUV already includes numerous systems to understand a driver’s cognitive state.
  • According to the company, the target for this round is $6 million.The idea behind CorrActions is to use sensors that are already built into the car to monitor the driver’s micro muscle movements.
  • The company brought on Reingold, who previously held a number of executive and R&D roles at various startups and large enterprises like Broadcom and Sony, in June 2022 to take the CEO role.CorrActions raises $2.7M to help avoid errors in human-machine interactions
  • These movements, the company argues, can reflect brain activity that CorrActions’ algorithms can then evaluate to check if the driver is tired, distracted or intoxicated.
CorrActions, an Israeli startup that, among other things, built a driver monitoring system that can understand a drivers cognitive state, today announced that it has raised a strategic investment fr [+2494 chars]