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- Volvo Cars Tech Fund invests in mind-reading AI start-up CorrActions to make driving safer
Volvo Cars Tech Fund invests in mind-reading AI start-up CorrActions to make driving safer
Volvo Cars Tech Fund invests in mind-reading AI start-up CorrActions to make driving safer HEADLINE Volvo Cars Tech Fund invests in AI specialist CorrActions/n/n SUBTITLE CorrActions detects cognitive abnormalities to improve road safety
TheNeedleAI Team
May 03, 2023
WHO Volvo Cars Tech Fund, a strategic partner for start-ups that strengthen their position as a technological leader in the automotive sector, invests in CorrActions.
WHAT CorrActions specializes in AI-based software that detects brain activity, analyzes cognitive abnormalities and improves road safety.
WHY Volvo Cars aims to understand the cognitive state of the driver to tackle the problem of accidents caused by human factors such as distraction, drink-driving, and fatigue.
FUNDING Volvo Cars Tech Fund invested in CorrActions as part of its $6M Series A funding round.
KEY TAKEAWAY Volvo Cars Tech Fund invests in AI technology to address the issue of accidents caused by cognitive abnormalities in drivers, complementing their existing driver monitoring system.
On the road to a future without car accidents, it is essential to understand the cognitive state of the driver.