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Venture Capital News: PreAct Technologies Nabs $1.6M

PORTLAND, OR, PreAct Technologies, a leader in the next generation of automotive safety, has raised $1.6 million in funding.
The round was led by Alpha Bridge, joined by and Sony Innovation Fund. The company will use the funds to accelerate market penetration of its precrash sensing and response system that is designed to enable a dramatic reduction in injuries due to traffic accidents in the near term.

PreAct Technologies aims to bridge the gap between collision avoidance systems and active safety technology. Its patent-pending suite of sensor technologies, computing systems and unique countermeasure algorithms aim to drastically reduce fatalities and injuries in a crash. The firm is located in Portland, Oregon.
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