With the goal of developing cars that no longer crash, Volvo has made a strategic investment in CorrActions, an Israel-based deep-tech brain monitoring AI startup that seeks to better understand drivers to reduce the chances of an accident.
CorrActions has developed a new AI-powered software that can detect abnormalities in the cognitive state of drivers and passengers, based on micro muscle movements that reflect brain activity.
The solution, which will use existing sensors built into the steering wheel for example, will track cognitive symptoms to ascertain if a driver is distracted, intoxicated or too tired to be driving.
Through the Volvo Cars Tech Fund – Volvo’s corporate venture capital arm – the OEM is leading CorrActions’ latest funding round after testing the software. Moving forward, both CorrActions and Volvo will continue to work together to further develop the software and commercialize the technology.
“With the Tech Fund, we aim to be a strategic partner of choice for exciting startups 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 focusses on a mission that is close to our heart: making cars and the people in and around them safer.”
The investment made by the Volvo Cars Tech Fund is part of a Series A funding round by CorrActions.
