FinTechFunding

PreAct Technologies: Raises $1.6M in Funding

  • PreAct Technologies, a Portland, Ore.-based automotive safety company, raised $1.6m in funding
  • The round was led by Alpha Bridge, with participation from elev8.vc and Sony Innovation Fund
  • The company will use the funds to accelerate market penetration of its system
  • PreAct Technologies provides a precrash sensing and response system designed to enable a dramatic reduction in injuries due to traffic accidents in the near term
  • It uses precision, near-field sensors operating at extremely high speed to sense a vehicle’s immediate surroundings and track all objects in real-time
  • The sensors used by PreAct are also ideal for slower ADAS functions such as self-parking, curb detection, and pedestrian warning
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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