About CorrActions
CorrActions is a company based in Tel Aviv (Israel) founded in 2019 by Eldad Hochman and Zvi Ginosar.. CorrActions has raised $7.25 million across 2 funding rounds from investors including Volvo Cars, OurCrowd and Blackberry. CorrActions offers products and services including NeuroMonitor. CorrActions operates in a competitive market with competitors including Inria, Datakalab, Cerenion, Intheon and Neurostellar, among others.
- Headquarter Tel Aviv, Israel
- Founders Eldad Hochman, Zvi Ginosar
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Sectors
Technology
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.25 M (USD)
in 2 rounds
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Latest Funding Round
$7.25 M (USD), Series A
Apr 24, 2023
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Investors
Volvo Cars
& 8 more
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Employee Count
Employee Count
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Products & Services of CorrActions
CorrActions offers a comprehensive portfolio of products and services, including NeuroMonitor. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI system detects driver fatigue and intoxication via in-cabin sensors.
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Funding Insights of CorrActions
CorrActions has successfully raised a total of $7.25M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.25 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $7.2M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2023 | Amount | Series A - CorrActions | Valuation | Volvo Cars , OurCrowd | |
| Nov, 2019 | Amount | Seed - CorrActions | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in CorrActions
CorrActions has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Volvo Cars, OurCrowd and Blackberry. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage mobility ventures are supported by Next Gear Ventures.
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Venture capital is invested in multiple sectors by Regah Ventures.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by CorrActions
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CorrActions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Corractions Comparisons
Competitors of CorrActions
CorrActions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Inria, Datakalab, Cerenion, Intheon and Neurostellar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Software for brain-computer interfaces and neurosciences is developed.
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| domain | founded_year | HQ Location |
Consumer behavior and emotions are analyzed via neuroscientific tools.
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Provider of AI tools for analysis of brain function in intensive care
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Cloud-based middleware for biosignal interpretation in neurotechnology is developed.
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Wearable EEG devices for epileptic seizure monitoring are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Corractions
Frequently Asked Questions about CorrActions
When was CorrActions founded?
CorrActions was founded in 2019.
Where is CorrActions located?
CorrActions is headquartered in Tel Aviv, Israel.
Who is the current CEO of CorrActions?
Ilan Reingold is the current CEO of CorrActions.
Is CorrActions a funded company?
CorrActions is a funded company, having raised a total of $7.25M across 2 funding rounds to date.
What does CorrActions do?
CorrActions was founded in 2019 in Tel Aviv, Israel, within the automotive technology sector. A software-based platform is developed to deliver cognitive state monitoring solutions. The driver analyzer is integrated with multiple in-cabin motion sensors for tracking brain activity and human-machine interactions. Operations focus on a motion-based, software-only product that analyzes unconscious muscular submovements to assess driver cognitive states.
Who are the top competitors of CorrActions?
CorrActions's top competitors include Inria, Cerenion and Neurostellar.
What products or services does CorrActions offer?
CorrActions offers NeuroMonitor.
Who are CorrActions's investors?
CorrActions has 9 investors. Key investors include Volvo Cars, OurCrowd, Blackberry, Next Gear Ventures, and MobiliTech.