PreAct, a Portland, Ore.-based startup that makes use of near-field sensors to assist sense a car’s environment and reply, raised $14 million to drive analysis and growth.
The startup, which initially developed to guard navy autos from missiles, spun off as a standalone firm in 2018 to focus on the automotive market. The corporate says it’s producing income and has “skilled vital development over the previous 12 months.”
The brand new funding spherical will likely be used to go after industries together with agriculture, healthcare and robotics, CEO Paul Drysch stated in a press release. The corporate at the moment has a workforce of 30 individuals and has 20 openings.
The corporate was based by Drysch, who led 4 different automation firms previous to PreAct. He’s joined by COO Kurt Brendley, who beforehand labored as the top of enterprise growth at analysis and growth agency Artis, and Chairman Keith Brendley, who’s the president of Artis.
PreAct raised $13 million in November 2021. Complete funding to this point is $28 million. The Sequence B spherical was led by I Squared Capital, with participation from State Farm Ventures, Luminate and Traylor Capital, amongst others.