CorrActions, an Israeli Startup that offers a system to prevent human errors from causing traffic accidents, received funding from car manufacturer Volvo’s cars tech fund as part of a Series A financing round expected to reach $6 million. CorrActions boasts that its novel approach to Driver Monitoring enables vehicles to understand drivers’ cognitive states and act – limit the speed, increase braking distance, etc.
Founded in 2019 by Chairman Zvi Ginosar and CSO Eldad Hochman, CorrActions is a neuroscience technology startup based in Israel, providing AI software solutions for multiple Human-Machine interface challenges. The company offers a platform proprietary data science algorithm-based, addressing the major pain of human operational performance in multiple mega markets. These algorithms monitor operational performance to alert on the deterioration in the human cognitive state and to prevent human errors.
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CorrActions unique solutions identify the user’s cognitive state impacted by drowsiness, alcohol, fatigue, and other distractions. Errors may be detected 150 milliseconds before they occur, in a completely non-invasive manner, by decoding unconscious brain signals through body motion monitoring.
Thus, CorrActions can read users’ mind and revolutionize Human-Machine Interface by allowing improved human performance as well as smarter and safer machine operation.
Volvo Cars Tech Fund says that it makes strategic investments and provides global market access for innovative ideas in the mobility and tech sectors. We’re always looking for the next breakthrough that will shape the future of transportation and mobility.
“With the Tech Fund, we aim to be a strategic partner of choice for exciting start-ups that can help boost our position as a tech leader in our industry,” said Alexander Petrofski, head of the Volvo Cars Tech Fund. “CorrActions fits the bill perfectly and focuses on a mission that is close to our heart: making cars and the people in and around them safer.”
