PreAct Technologies

PreAct Technologies develops software-definable flash LiDAR and edge perception for near-field sensing.

Facts

Segment: Perception
Country: United States
Founded: 2018
Website: https://www.preact-tech.com/

Funding

2023-04-25 - Series B - $20M - 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. - source: preact-tech.com

Investors

I Squared Capital - Participant - VC - 1 funding event - first seen 2023-04-25
Luminate - Participant - Unknown - 1 funding event - first seen 2023-04-25
State Farm Ventures - Participant - VC - 1 funding event - first seen 2023-04-25

Market context

Comparable profiles and adjacent companies connected by shared workflow, capability, or stack position.

AEye Inc - comparable profile - peer: Automotive LIDAR Supplier
MicroVision - comparable profile - peer: Automotive LIDAR Supplier
Velodyne Lidar - comparable profile - peer: Automotive LIDAR Supplier

View market context

Timeline

2023-01-11 - Acquisition - PreAct Technologies agrees to acquire Gestoos AI platform - Gestoos adds a software platform for quickly generating AI algorithms for sensing use cases. The acquisition strengthens edge processing for automotive, trucking, robotics and industrial applications. Robotics applications include AGVs, AMRs and consumer… - source: prnewswire.com

Relations

Gestoos - Acquired Company - PreAct Technologies agreed to acquire Gestoos and integrate its AI algorithm-development platform with PreAct flash LiDAR.