PreAct Technologies, a company founded with the goal of saving lives, reducing injuries, and saving costs resulting from automotive collisions, announced that it has closed a seed round of funding lead by Social Impact Capital of New York. As a fund that focuses on social causes, the values of PreAct and Social Impact Capital are closely aligned. Both entities strive to have positive change through the work they do, and this shared goal, coupled with PreAct’s focus on the noble goal of saving lives, made for a great partnership in this funding round.
Existing investor, Elev8.VC, also participated in the seed round. PreAct has continued to achieve internal milestones as they work towards commercializing pre-collision technology. With extensive interest from the automotive industry, and a unique approach to the challenge of predicting an imminent collision, PreAct has demonstrated their ability to execute on their vision of saving lives.
About PreAct Technologies:
PreAct Technologies is based in Portland, Oregon. The company was founded in 2018 by two auto industry veterans, Kurt Brendley and Paul Drysch, along with Keith Brendley, the founder and chairman of a DARPA-funded defense firm that developed technology to intercept projectiles only inches from a military vehicle to provide active protection. PreAct came out of stealth mode at CES 2019, and has already begun working with automotive OEMs, Tier 1 suppliers, and insurance companies on next generation automotive safety systems. Find out more at https://www.preact-tech.com