CorrActions - About the company
CorrActions is a series A company based in Tel Aviv (Israel), founded in 2019 by Eldad Hochman. It operates as a Software-based platform providing cognitive state monitoring solutions. CorrActions has raised $10M in funding from investors like OurCrowd, Volvo Cars and Next Gear Ventures. The company has 21 active competitors, including 5 funded and 2 that have exited. Its top competitors include companies like Inria, Cerenion and FireFly Neuroscience.
Company Details
Software-based platform providing cognitive state monitoring solutions. Its driver analyzer connects to multiple in-cabin motion sensors to monitor brain activity and human-machine interaction. It offers a motion-based, software-only driver-monitoring product that uses unconscious muscular submovements to monitor cognitive state.
Key Metrics
Founded Year
2019
Location
Tel Aviv, Israel
Stage
Series A
Total Funding
$10M in 2 rounds
Latest Funding Round
Ranked
2nd among 21 active competitors
Employee Count
16 as on Jul 01, 2024
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CorrActions's funding and investors
CorrActions has raised a total funding of $10M over 2 rounds. Its first funding round was on Nov 2019. Its latest funding round was a Series A round on Apr 24, 2023 for $*****. 8 investors participated in its latest round. CorrActions has 13 institutional investors.
Here is the list of recent funding rounds of CorrActions:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 24, 2023 | 7485268 | Series A | 3325220 | 8030585 | 9700792 | 8852389 |
Nov 2019 | 7183225 | Seed | 4582255 | 3639739 | 4422935 |
View details of CorrActions's funding rounds and investors
CorrActions' founders and board of directors
Founder? Claim ProfileThe founders of CorrActions is Eldad Hochman. Ilan Reingold is the CEO of CorrActions.
Here are the details of CorrActions' key team members:
- Eldad Hochman: Co-Founder & CSO of CorrActions.
- Ilan Reingold: CEO of CorrActions.
View details of CorrActions's Founder profiles and Board Members
CorrActions' employee count trend
CorrActions has 16 employees as of Jul 24. Here is CorrActions's employee count trend over the years:
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CorrActions's Competitors and alternates
Top competitors of CorrActions include Inria, Cerenion and FireFly Neuroscience. Here is the list of Top 10 competitors of CorrActions, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Software provider for BCI and real-time neurosciences | - | 60/100 | ||
2nd | CorrActions 2019, Tel Aviv (Israel), Series A | Software-based platform providing cognitive state monitoring solutions | $10M | 45/100 | |
3rd | Provider of AI tools for analysis of brain function in intensive care | $2.82M | 42/100 | ||
4th | FireFly Neuroscience Buffalo (United States), Public | Provider of AI-based analytics and imaging platform for neurological diseases | - | 38/100 | |
5th | Holberg EEG 2009, Bergen (Norway), Funding Raised | Software application for EEG assessment, reporting & database | - | 36/100 | |
6th | Neurostellar 2021, Chennai (India), Seed | Provider or wearable device for monitoring EEG | $1.15M | 32/100 | |
7th | Intheon 2013, San Diego (United States), Funding Raised | Cloud based middleware platform for biosignal interpretation to enable neurotechnology | - | 31/100 | |
8th | NeuroPype 2015, San Diego (United States), Unfunded | Developer of a platform for real-time BCI processing | - | - | 30/100 |
9th | NeuroCatch 2016, Surrey (Canada), Unfunded | Provider of digital solutions for brain assessment platform | - | - | 29/100 |
10th | Provider of software based solution for epilepsy diagnosis | $52.7K | 28/100 |
Looking for more details on CorrActions's competitors? Click here to see the top ones
CorrActions's Investments and acquisitions
CorrActions has made no investments or acquisitions yet.
Reports related to CorrActions
Here is the latest report on CorrActions's sector:
News related to CorrActions
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CorrActions taps AI for software-based driver impairment detection systemtrucknews.com•Jan 22, 2025•CorrActions
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CorrActions' Life-Saving AI-Powered Solution Prevents Cognitive Distraction in DriversPR Newswire•Jun 27, 2024•CorrActions
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CorrActions raised 7.25 m d to prevent accidents using AI technology to monitor the driver's brain activityChiportal•Dec 13, 2023•CorrActions, Volvo Cars, Blackberrys, Next Gear Ventures and 5 others
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Volvo invests in Israeli brain monitoring co CorrActionsTechiLive.in•Apr 24, 2023•Volvo Cars, CorrActions, OurCrowd, Next Gear Ventures and 1 other
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CorrActions raises $2.7M to help avoid errors in human-machine interactionsTechCrunch+•May 28, 2021•CorrActions, VentureIsrael, Operator Partners, Innovation Israel and 1 other
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