Volvo Cars Tech Fund Invests in Israeli AI Startup CorrActions

Volvo Cars Tech Fund has made a strategic investment in CorrActions, an Israeli deep-tech brain monitoring AI startup. The company has developed a brain activity monitoring technology that the company designed to help us understand drivers even better.

The AI-powered software built by CorrActions can detect abnormalities in the cognitive state of drivers and passengers, based on micro muscle movements that reflect brain activity.

By using existing sensors in, for example, the steering wheel, such movements can hint at a variety of cognitive symptoms, including a driver being distracted, intoxicated or overly tired.

Volvo is leading CorrActions’ latest funding round after testing its software, and aims to continue collaborating in the future.

VolvoTech Fund makes strategic investments to help startups to thrive and jointly accelerate the transformation of the global mobility industry in areas such as safety, electrification, digitisation and new ways to access a car.

Alexander Petrofski, Head of the Volvo Cars Tech Fund, says: “With the Tech Fund, we aim to be a strategic partner of choice for exciting start-ups that can help boost our position as a tech leader in our industry. CorrActions fits the bill perfectly and focusses on a mission that is close to our heart: making cars and the people in and around them safer.”

CorrActions enables automotive manufacturers to understand drivers’ and passengers’ cognitive symptoms such as fatigue, inattention, anxiety, alcohol, motion sickness, drugs influence, etc. with high accuracy, using data that is already available in vehicles without any changes to hardware.