CorrActions

Noninvasive Driver-monitoring Platform

Automotive & Mobility Technologies
Private

Company Overview

Snapshot

Founded in February 2019 by Zvi Ginosar and Eldad Hochman, CorrActions operates with 11–50 employees. The company has raised $10.95M across four funding rounds from 13 investors. In December 2023, CorrActions secured a funding round led by Volvo Group Venture Capital and BlackBerry.

Business overview

CorrActions develops a motion-based, software-only driver-monitoring product that utilizes unconscious muscular submovements to analyze brain activity. By tracking these submovements from sources like steering wheels and smartphones, the company's technology can detect various cognitive states, including fatigue, inattention, and anxiety. CorrActions enables OEMs, tier-one suppliers, fleets, and mobility operators to gain insights into their drivers' cognitive states, serving the automotive and mobility technologies sector with its AI-based software platform.

Strategic signal

The investment by Volvo Cars Tech Fund in April 2023, followed by a funding round in December 2023 led by Volvo Group Venture Capital and BlackBerry, signals strong strategic validation for CorrActions' technology within the automotive industry. This indicates a growing recognition among major automotive players of the importance of advanced driver monitoring for safety and the potential of CorrActions' non-invasive approach to brain activity monitoring.

Company Intelligence Q&A

When was CorrActions founded?
CorrActions was founded in February 2019 by Zvi Ginosar and Eldad Hochman.
What is CorrActions' core technology?
CorrActions' core technology is a motion-based, software-only driver-monitoring product that uses unconscious, uncontrollable muscular submovements to monitor brain activity, detecting cognitive states like fatigue and inattention.
Which investors participated in the December 2023 funding round?
In December 2023, CorrActions secured a funding round led by Volvo Group Venture Capital and BlackBerry.
What was a significant investment milestone for CorrActions in 2023?
In April 2023, Volvo Cars Tech Fund invested in CorrActions, highlighting the strategic interest from major automotive players in the company's driver monitoring solutions.
How many employees does CorrActions have?
CorrActions has 11–50 employees.

External links