CorrActions
CorrActions aims to introduce to the world a Disruptive Neuroscience Technology Platform and framework.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $7.3m | Series A | |
| Total Funding | 000k | ||
Related Content
CorrActions is a cutting-edge company specializing in driver and passenger safety through advanced in-cabin monitoring solutions. The company operates in the automotive and mobility sectors, serving Original Equipment Manufacturers (OEMs), Tier 1 suppliers, fleet operators, and telematics service providers. CorrActions' primary product is a software-only solution that monitors drivers' cognitive states by analyzing unconscious, uncontrollable muscular submovements. This innovative approach allows the software to detect conditions such as fatigue, inattention, anxiety, and substance impairment.
The company's technology enables its clients to take proactive measures based on real-time data about the driver's cognitive state. For instance, the software can trigger actions like reducing vehicle speed, altering the driver's route, or adjusting the vehicle's environment to enhance safety and wellbeing. This capability is particularly valuable for fleets and telematics service providers, who can use the data to reduce insurance costs, improve delivery times, and increase overall driver safety.
CorrActions operates in a market that is increasingly focused on safety and regulatory compliance. With new European and US regulations and changes in NCAP (New Car Assessment Program) ratings, there is a growing demand for advanced driver monitoring systems. OEMs and Tier 1 suppliers are leveraging CorrActions' technology to meet these new standards and improve their safety ratings.
The company's business model is based on selling its software solutions to these clients, who integrate the technology into their vehicles and fleet management systems. By doing so, CorrActions generates revenue through software licensing and possibly subscription models, depending on the client's needs.
In summary, CorrActions is revolutionizing road safety by providing a neuroscience-based, software-only driver monitoring solution that helps prevent accidents and enhances driver and passenger safety.
Keywords: driver monitoring, cognitive state, fleet safety, OEM compliance, telematics, road safety, neuroscience, software-only, accident prevention, vehicle integration.