PreAct raises $20m
Investors included I Squared Capital, State Farm Ventures, Luminate, and Traylor Capital among others,.
Last January, PreAct acquired computer vision and gesture recognition company, Gestoos, which combines the company’s AI algorithm development platform with PreAct’s LiDAR to solve difficult use cases such as in-cabin and cargo monitoring.
Marrying an AI algorithm development platform with PreAct’s LiDAR gives the company the ability to process sensor data on the edge, as well as being less reliant on system integrators to deliver new applications or differentiated software-defined services.
Automotive, healthcare, smart buildings, consumer electronics, robotics and trucking markets require more powerful sensors capable of mapping their surroundings.
PreAct supports these users with systems that can be tailored to integrate with their existing software stacks and upgraded to enable new use cases for system monetisation.
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