Tech Company Financing Transactions
PreAct Technologies Funding Round
On 4/25/2023, PreAct Technologies raised $20 million in Series B financing from I Squared Capital, Luminate Capital Partners and State Farm Ventures.
Transaction Overview
Company Name
Announced On
4/25/2023
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Series B
Investors
I Squared Capital (Lead Investor)
State Farm Ventures (Michael Remmes)
Proceeds Purpose
The company intends to use the funds to drive R&D of AI-based computer vision solutions, and expansion into industrial and other non-automotive applications.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
1355 NW Everett St. 100
Portland, OR 97209
USA
Portland, OR 97209
USA
Phone
Undisclosed
Website
Email Address
Overview
PreAct Technology will save millions of people from severe injuries and death every year. The lack of appropriate safety technology in automobiles is the only reason for this tragedy. PreAct Technologies is developing an ultra reliable, high-speed, near-field sensing and perception system which will enable the world's first pre-crash airbag and other safety countermeasures.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Paul Drysch
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We report on every notable VC transaction. VC investment data records reported here come from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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