PreAct Technologies completes $20M Series B
PreAct Technologies completed a Series B totalling $20 million to expand AI-based computer vision and flash-LiDAR applications beyond automotive markets.
Evidence notes
- The announcement described the financing as a second close bringing the Series B total to $20 million.
- I Squared Capital, Luminate and State Farm Ventures were reported as investors.
- Capital supported R&D and expansion into industrial and other non-automotive sensing applications.
Company context
PreAct Technologies develops software-definable flash LiDAR and edge perception for near-field sensing. Spun out in 2018 from defence active-protection work, the Portland company builds solid-state sensors, SDKs and computer-vision software for vehicles, robotics, logistics, security and industrial monitoring. Its Mojave and related sensors deliver dense depth data for obstacle, edge, occupancy and activity detection.